DXP ENTERPRISES INC
For the period ended Sep 30, 2025. Filed Nov 6, 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.
Sep 30, 2025 · Filed Nov 6, 2025
Contents
(Note 15)
NOTE 15 -OTHER INCOME AND EXPENSES
The components of other (income) expense were as follows:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2025 | 2024 |
| Interest income | (768) | (422) | (2,565) | (3,487) |
| Change in fair value of contingent consideration | 204 | 685 | 932 | 380 |
| Other, net | (84) | (103) | (687) | 263 |
| Total | (648) | 160 | (2,320) | (2,844) |
NOTE 16 -REVENUE
The Company disaggregates revenue based upon our geography and our reportable segments - Service Centers, Innovative Pumping Solutions and Supply Chain Services. Each of our geographic and reportable business segments are impacted and influenced by varying factors, including the macroeconomic environment, maintenance and capital spending and commodity prices and exploration and production activity. As such, we believe this information is important in depicting the nature, timing and uncertainty of our contracts with customers. The following Geographical Information and Note 11 - Segment Reporting present our revenue disaggregated by source.
Geographical Information
Revenues are presented in geographic area based on location of the facility shipping products or providing services.
The Company’s revenues by geographical location are as follows:
| Three Months Ended September 30, | Nine Months Ended September 30, | |||
|---|---|---|---|---|
| (in thousands) | 2025 | 2024 | 2025 | 2024 |
| Revenues | ||||
| United States | $495,781 | $450,141 | $1,431,885 | $1,268,641 |
| Canada | 17,604 | 22,403 | 55,961 | 60,622 |
| Other | 339 | 391 | 1,129 | 1,863 |
| Total | $513,724 | $472,935 | $1,488,975 | $1,331,126 |
Recent Acquisitions
We define and calculate organic sales to include locations and acquisitions under our ownership for at least twelve months. "Acquisition Sales" are sales from acquisitions that have been under our ownership for less than twelve months and are excluded in our calculation of Organic Sales.
The following tables sets forth the disaggregation of revenue from sales associated with recent acquisitions for the three and nine months ended September 30, 2025 and 2024(in thousands):
| Sales | Acquisition Sales | Organic Sales | |
|---|---|---|---|
| Service Centers | $350,179 | $11,658 | $338,521 |
| Innovative Pumping Solutions | 100,551 | 6,745 | 93,806 |
| Supply Chain Services | 62,994 | — | 62,994 |
| Total Sales | $513,724 | $18,403 | $495,321 |
| Service Centers | $316,831 | $12,969 | $303,862 |
| Innovative Pumping Solutions | 89,825 | 15,566 | 74,259 |
| Supply Chain Services | 66,279 | — | 66,279 |
| Total Sales | $472,935 | $28,535 | $444,400 |
| $ Change | |||
| Service Centers | $33,348 | $(1,311) | $34,659 |
| Innovative Pumping Solutions | 10,726 | (8,821) | 19,547 |
| Supply Chain Services | (3,285) | — | (3,285) |
| Total $ Change | $40,789 | $(10,132) | $50,921 |
| % Change | |||
| Service Centers | 10.5% | (10.1)% | 11.4% |
| Innovative Pumping Solutions | 11.9% | (56.7)% | 26.3% |
| Supply Chain Services | (5.0)% | N/A | (5.0)% |
| Total % Change | 8.6% | (35.5)% | 11.5% |
| Sales | Acquisition Sales | Organic Sales | |
|---|---|---|---|
| Service Centers | $1,016,985 | $45,154 | $971,831 |
| Innovative Pumping Solutions | 280,273 | 28,966 | 251,307 |
| Supply Chain Services | 191,717 | — | 191,717 |
| Total Sales | $1,488,975 | $74,120 | $1,414,855 |
| Service Centers | $911,783 | $23,187 | $888,596 |
| Innovative Pumping Solutions | 225,417 | 40,526 | 184,891 |
| Supply Chain Services | 193,926 | — | 193,926 |
| Total Sales | $1,331,126 | $63,713 | $1,267,413 |
| $ Change | |||
| Service Centers | $105,202 | $21,967 | $83,235 |
| Innovative Pumping Solutions | 54,856 | (11,560) | 66,416 |
| Supply Chain Services | (2,209) | — | (2,209) |
| Total $ Change | $157,849 | $10,407 | $147,442 |
| % Change | |||
| Service Centers | 11.5% | 94.7% | 9.4% |
| Innovative Pumping Solutions | 24.3% | (28.5)% | 35.9% |
| Supply Chain Services | (1.1)% | N/A | (1.1)% |
| Total % Change | 11.9% | 16.3% | 11.6% |
NOTE 17 -SUBSEQUENT EVENT
On October 1, 2025, the Company completed the acquisition of APSCO, LLC. The acquisition was funded with cash on the balance sheet.
On November 1, 2025, the Company completed the acquisition of Triangle Pump & Equipment, Inc. The acquisition was funded with cash on the balance sheet.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.