DXP Enterprises Sales Hit $1.1 Billion in 2012 - Modern Distribution Management

Log In

DXP Enterprises Sales Hit $1.1 Billion in 2012

Sales, driven by acquisitions, were up 35.9% in 2012 for DXP Enterprises.
Author
Date

Houston-based DXP Enterprises Inc. (NASDAQ:DXPE), No. 18 on MDM’s list of the top 40 industrial distributors, reported sales for the year ended Dec. 31, 2012, were up 35.9 percent to $1.1 billion. Profit was $51 million.

Innovative Pumping Solutions sales were strongest, with 58 percent growth. DXP Service Centers sales were up 39 percent. And DXP Supply Chain Services had 8 percent sales growth.

The distributor completed seven acquisitions in 2012, which are included in the sales growth figures. Employees grew from 2,100 to 2,817.

For the fourth quarter ended Dec. 31, 2012, DXP’s sales were $293 million, up 34.2 percent from the prior-year period. Profit was $14.1 million.

“In the short term, there are still a lot of questions around the pace of growth in the U.S., an ongoing European distraction which does not materially impact DXP and the timing of a rebound in China which would lift overall industrial activity,” said CEO David R. Little.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.