DXP Enterprises on Thursday posted stronger sales, profit and operating income totals in the first quarter of the year, but its net income declined compared to the same period last year.
The Houston-based pump and MRO distributor — no. 17 on ID’s latest Big 50 — reported $521.7 million in sales across the first three months of the year, which was 9.5% higher year-over-year. Organic sales jumped from $445.5 million to nearly $481 million, and recent acquisitions added another $40.7 million in revenue.
The company’s service center division, its largest, saw revenue climb 3.3% to $338 million, while its pumping solutions business jumped by 37.7% to $118.7 million. Supply chain services revenue of $65 million was up 2.7%.
DXP posted quarterly gross profit of $168.6 million, up from $150.3 million in early 2025, while operating earnings rose from $40.5 million to $42.5 million over that span. Net income, however, slipped from $20.6 million down to just shy of $20 million.
The company reported EBITDA of $55.1 million — compared to $51 million last year — but its EBITDA margin ticked down from 10.7% to 10.6%; officials noted that its EBITDA margin was up 10 basis points on an adjusted basis.
DXP CEO David Little said in a statement that the report reflected “solid sales, adjusted EBITDA, earnings per share and free cash flow.”
“Overall, we are pleased with our performance and the progress DXP continues to make as a growth company," Little said.
