DXP Enterprises, Inc. (NASDAQ: DXPE), MRO and industrial distributor, reported its sales for 2024 were $1.8 billion, up 7.4% from 2023. Profit was $70 million.
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Fourth-quarter 2024 sales were $471 million, up 15.7% from the prior-year period. Profit was $21 million for the quarter.
Service Center revenue for the fiscal year was $1.2 billion, an increase of 1.9% year over year. Innovative Pumping Solutions revenue was $323 million, up 47.7%. Supply Chain Services revenue was $256.4 million, down 1.5%.
“Fiscal 2024 was another great year for DXP. DXPeople drove fourth-quarter results, with strong performance or year-over-year growth across all business segments,” said David R. Little, DXP Enterprises Inc.’s chairman and CEO. “Broad based business strength across the business helped us deliver 7.4% revenue growth on a year-over-year basis. This growth has fueled good momentum going into 2025.”
