DXP Enterprises Organic Sales Up 6.6% in Second Quarter - Modern Distribution Management

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DXP Enterprises Organic Sales Up 6.6% in Second Quarter

DXP Enterprises' six-month organic sales were down slightly from the year-ago period.

DXP Enterprises, Inc., (DXPE), No. 18 on the list of MDM's top 40 industrial distributors, reported sales for the second quarter 2010 were up 15.9 percent to $22.9 million; excluding the acquisition of Quadna, sales were up 6.6 percent.

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Profit for the second quarter was $4.5 million, up from $2.16 million in the prior-year period.

Sales for the first six months of the year were $314.3 million, up 4.1 percent from the year-ago period. Excluding Quadna, sales for the first half of 2010 were down 0.4 percent. Profit was $8.17 million.

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