DXP Enterprises Inc. saw a more than 15% increase in sales and an over 20% jump in earnings in the second quarter of the year, company officials announced Thursday.
The pump and MRO product distributor posted $576.5 million in sales between April and June, a jump of 15.6% year-over-year, while net income rose 21.6% over that span to $28.7 million. Its gross profit climbed from $157.8 million in the previous second quarter to $183.1 million.
DXP’s service centers segment, its largest, reported an 8.3% increase in sales to $367.9 million, and its pumping division sales jumped by 52.6% to $142.7 million; sales in supply chain services edged up to $65.8 million.
The company’s organic sales rose from $474.1 million to $526.6 million, and recent acquisitions contributed $49.8 million to its sales total.
DXP Chairman and CEO David Little said that the results reflected “continued execution of our growth strategy, solid organic performance, contribution from recent acquisitions, and sustained strength in EBITDA margins.”
“While the macro environment remains uncertain, including fiscal uncertainty, cautious central bank policies, market volatility and geopolitical concerns, we believe DXP is well-positioned to finish the second half of 2026 with momentum,” Little said in a statement.
DXP CFO Kent Yee added that the company expects to continue making acquisitions in the second half of the year after adding four companies in the first half; the first was announced Tuesday, when the company added Mequipco Ltd., a manufacturer’s representative for water and wastewater mechanical equipment in western Canada.
Calgary-based Mequipco operates three locations serving Alberta, British Columbia, Manitoba and Saskatchewan; Little said that the move “provides DXP Water with a beachhead in Canada that we can build and grow from.”
DXP said that Mequipco recorded about $9.9 million in sales and $2.4 million in pro-forma adjusted EBITDA in the 12-month period ended June 30. Terms of the deal were not disclosed.
The Houston distributor ranks at no. 17 on ID’s latest Big 50 list.
