DXP ENTERPRISES INC
For the period ended Jun 30, 2025. Filed Aug 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 7, 2025
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(Note 9)
NOTE 9 -EARNINGS PER SHARE
Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.
The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Basic earnings per share: | ||||
| Weighted average shares outstanding | 15,694 | 15,868 | 15,696 | 15,998 |
| Net income attributable to DXP Enterprises, Inc. | $23,612 | $16,693 | $44,201 | $28,025 |
| Convertible preferred stock dividend | 22 | 22 | 45 | 45 |
| Net income attributable to common shareholders | $23,590 | $16,671 | $44,156 | $27,980 |
| Per share amount | $1.50 | $1.05 | $2.81 | $1.75 |
| Diluted earnings per share: | ||||
| Weighted average shares outstanding | 15,694 | 15,868 | 15,696 | 15,998 |
| Assumed conversion of convertible preferred stock | 840 | 840 | 840 | 840 |
| Total dilutive shares | 16,534 | 16,708 | 16,536 | 16,838 |
| Net income attributable to common shareholders | $23,590 | $16,671 | $44,156 | $27,980 |
| Convertible preferred stock dividend | 22 | 22 | 45 | 45 |
| Net income attributable to DXP Enterprises, Inc. | $23,612 | $16,693 | $44,201 | $28,025 |
| Per share amount | $1.43 | $1.00 | $2.67 | $1.66 |
As of June 30, 2025 and 2024, the weighted average of the unvested restricted stock awards ("RSAs") were 258,121 and 300,872 shares, respectively. The preferred stock is convertible into 840,000 shares of common stock.
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