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DXP ENTERPRISES INC

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

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About this filing

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

DXPE$140.68+5.9%Stored close · as of Nov 6, 2026
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(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)2025202420252024
Interest income(768)(422)(2,565)(3,487)
Change in fair value of contingent consideration204685932380
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)2025202420252024
Revenues
United States$495,781$450,141$1,431,885$1,268,641
Canada17,60422,40355,96160,622
Other3393911,1291,863
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):

SalesAcquisition SalesOrganic Sales
Service Centers$350,179$11,658$338,521
Innovative Pumping Solutions100,5516,74593,806
Supply Chain Services62,994—62,994
Total Sales$513,724$18,403$495,321
Service Centers$316,831$12,969$303,862
Innovative Pumping Solutions89,82515,56674,259
Supply Chain Services66,279—66,279
Total Sales$472,935$28,535$444,400
$ Change
Service Centers$33,348$(1,311)$34,659
Innovative Pumping Solutions10,726(8,821)19,547
Supply Chain Services(3,285)—(3,285)
Total $ Change$40,789$(10,132)$50,921
% Change
Service Centers10.5%(10.1)%11.4%
Innovative Pumping Solutions11.9%(56.7)%26.3%
Supply Chain Services(5.0)%N/A(5.0)%
Total % Change8.6%(35.5)%11.5%
SalesAcquisition SalesOrganic Sales
Service Centers$1,016,985$45,154$971,831
Innovative Pumping Solutions280,27328,966251,307
Supply Chain Services191,717—191,717
Total Sales$1,488,975$74,120$1,414,855
Service Centers$911,783$23,187$888,596
Innovative Pumping Solutions225,41740,526184,891
Supply Chain Services193,926—193,926
Total Sales$1,331,126$63,713$1,267,413
$ Change
Service Centers$105,202$21,967$83,235
Innovative Pumping Solutions54,856(11,560)66,416
Supply Chain Services(2,209)—(2,209)
Total $ Change$157,849$10,407$147,442
% Change
Service Centers11.5%94.7%9.4%
Innovative Pumping Solutions24.3%(28.5)%35.9%
Supply Chain Services(1.1)%N/A(1.1)%
Total % Change11.9%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.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.