DXP Enterprises, Inc. (NASDAQ: DXPE), Houston, Texas, a distributor of pumping solutions, supply chain services and maintenance, repair, operating and production services, reported its fiscal 2023 first-quarter sales were $424.3 million, up 32.8% from the prior-year period.
Don’t miss any content from Distribution Strategy Group. Join our list.
Net income for the quarter was $17.6 million.
- Service Center revenue for the first quarter was $295.2 million, up 34.9%.
- Innovative Pumping Solutions revenue was $62 million, up 16.9%.
- Supply Chain Services revenue was $67 million, up 41%.
“The DXPeople continue to perform well and set new highs amidst solid demand in an ever-changing environment,” said David R. Little, CEO. “All three segments delivered strong growth and good margins while we continue to invest in our growth strategies and continue to be customer-driven experts.”
Share this article:
