DXP Enterprises, Inc. Issues Statement Regarding Second-Quarter Earnings for the Year 2025 and Arranges for a Related Conference Call
In a press release published by Business Wire, DXP Enterprises, Inc. announced its financial results for the quarter ended June 30, 2025. The company reported a robust performance, with key highlights that caught the attention of investors.
Sales for the quarter amounted to $498.7 million, marking an 11.9% year-over-year increase and a 4.6% sequential growth from Q1 2025. This strong sales performance translated into GAAP diluted earnings per share (EPS) of $1.43, surpassing analyst estimates by $0.04.
Net income for the quarter stood at $23.61 million, a significant jump from $16.69 million in Q2 2024. Adjusted EBITDA reached $57.3 million, maintaining an operating margin of 9.2%, consistent with the prior year. The company also reported having $112.9 million in cash on hand.
The growth was primarily driven by a mix of organic expansion, particularly in the Innovative Pumping Solutions and Service Centers segments, and strategic acquisitions. Two acquisitions were completed in Q2, and one was made after the quarter end.
Management highlighted several factors contributing to the company's growth, including stable margins, operating leverage, and an ongoing acquisition strategy. They also acknowledged some costs, such as a $2 million write-off related to failed product developments.
The outlook remains positive, with expectations for continued acquisition-driven expansion and improvements in supply chain services. DXP Enterprises, Inc. will host a conference call on August 7, 2025, at 10:30 AM Central Time to discuss these results further. The call and an accompanying slide presentation will be available on the "Investor Relations" section of DXP Enterprises, Inc.'s website (www.dxpe.com).
For more information, review DXP Enterprises, Inc.'s filings with the Securities and Exchange Commission. The earnings press release, slides, and other related presentation materials will be posted to the "Investor Relations" section of DXP Enterprises, Inc.'s website after the market closes on August 7, 2025.
Web participants are encouraged to go to DXP Enterprises, Inc.'s website at least 15 minutes prior to the start of the call to register and download necessary audio software. A replay of the webcast will be available shortly after the conclusion of the presentation.
DXP Enterprises, Inc.'s Senior Vice President and CFO is Kent Yee, who can be contacted at 713-996-4700. For further queries, Business Wire can be contacted through their website or email.
[1] DXP Enterprises, Inc.'s earnings press release: [Link to be added] [2] DXP Enterprises, Inc.'s slides and related presentation materials: [Link to be added] [3] DXP Enterprises, Inc.'s financial information: [Link to be added] [4] DXP Enterprises, Inc.'s conference call details: [Link to be added] [5] DXP Enterprises, Inc.'s investor relations section: [Link to be added]
Investors closely followed the news about DXP Enterprises, Inc.'s financial results, as they reported impressive growth in sales, net income, and GAAP diluted EPS, surpassing analyst estimates. Moving forward, the company plans to continue investing in acquiring businesses to expand further, and a conference call is scheduled for August 7, 2025, to discuss these aspects in detail. The cloud of uncertainty surrounding potential costs and product developments was acknowledged by management, but they remain optimistic about their ongoing strategy and supply chain improvements.
