DXP ENTERPRISES INC
For the period ended Mar 31, 2026. Filed May 7, 2026.
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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.
Mar 31, 2026 · Filed May 7, 2026
Contents
(Note 15)
NOTE 15 -OTHER INCOME AND EXPENSES
The components of other (income) expense were as follows:
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Interest income | $(1,258) | $(1,032) |
| Change in fair value of contingent consideration | 239 | 183 |
| Other, net | 425 | (469) |
| Total | $(594) | $(1,318) |
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 presents our disaggregated revenues.
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 March 31, | ||
|---|---|---|
| (in thousands) | 2026 | 2025 |
| Revenues | ||
| United States | $505,388 | $457,240 |
| Canada | 15,956 | 18,988 |
| Other | 314 | 341 |
| Total | $521,658 | $476,569 |
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 sales associated with Acquisition and Organic sales for the three months ended March 31, 2026 and 2025(in thousands):
| Sales | Acquisition Sales | Organic Sales | |
|---|---|---|---|
| Service Centers | $337,976 | $5,711 | $332,265 |
| Innovative Pumping Solutions | 118,660 | 35,034 | 83,626 |
| Supply Chain Services | 65,022 | — | 65,022 |
| Total Sales | $521,658 | $40,745 | $480,913 |
| Service Centers | $327,075 | $17,941 | $309,134 |
| Innovative Pumping Solutions | 86,182 | 13,171 | 73,011 |
| Supply Chain Services | 63,312 | — | 63,312 |
| Total Sales | $476,569 | $31,112 | $445,457 |
| $ Change | |||
| Service Centers | $10,901 | $(12,230) | $23,131 |
| Innovative Pumping Solutions | 32,478 | 21,863 | 10,615 |
| Supply Chain Services | 1,710 | — | 1,710 |
| Total $ Change | $45,089 | $9,633 | $35,456 |
| % Change | |||
| Service Centers | 3.3% | (68.2)% | 7.5% |
| Innovative Pumping Solutions | 37.7% | 166.0% | 14.5% |
| Supply Chain Services | 2.7% | N/A | 2.7% |
| Total % Change | 9.5% | 31.0% | 8.0% |
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