DXP Enterprises 1Q Organic Sales Up 26.6%
DXP Enterprises, Inc., Houston, TX, reported sales were up 49.6% to $62.5 million in the first quarter ended March 31, 2006, compared with $41.8 million in the first quarter last year. Sales by the two businesses acquired in 2005 accounted for $8.7 million of the sales increase. Excluding sales by those businesses, sales for the first quarter increased 28.8% from the same period last year.
DXP Enterprises saw profit rise 193% to $2.5 million for the first quarter, up from $854,000 in the same period last year.
Mac McConnell, Senior Vice President and Chief Financial Officer, said, "The businesses we acquired in 2005 have been successful in the first quarter of 2006. Combined sales for these two businesses increased ...