DXP Enterprises on Thursday reported higher sales, profit and earnings totals in what company executives called an “excellent” quarter for the Houston pump and MRO distributor.
The company — no. 17 on ID’s 2025 Big 50 — reported sales of $513.7 million, an increase of 8.6% compared to the third quarter of last year and “yet another high watermark quarter.” Organic sales accounted for $495.3 million of the overall total, while acquisitions added $18.4 million.
DXP’s quarterly gross profit rose from $146.1 million to $161.3 million over that span, and operating income climbed from $39.6 million to $43.7 million. Net income was up 2.5% year-over-year, increasing from $21.1 million to $21.6 million.
The company’s operating margin edged up from 8.4% to 8.5%, while its adjusted EBITDA margin ticked down to 11% from 11.1%.
DXP’s largest reporting segment, its service centers, reported $350.2 million in quarterly revenue — a year-over-year jump of 10.5% — while its pump division posted an 11.9% revenue increase to $100.6 million. Its supply chain services segment, however, saw a 5% decline to $63 million.
DXP CFO Kent Yee noted in the earnings statement that the company closed on three acquisitions in the quarter and has added two more companies already in the final quarter of the year — with “more to come.”
“Overall, we are very pleased with our performance and the progress DXP continues to make as a growth company,” added Chairman and CEO David Little.
