DXP Enterprises sales decline 5.9 percent
DXP Enterprises said its first quarter sales of $238.5 million were down 5.9 percent from $253.6 million for the first quarter of 2016.
Adjusting for the sale of Vertex, sales decreased 3.0 percent.
Net income of $3.1 million, or 17 cents per share, compared to a net loss of $5.1 million, or a loss of 35 cents per share, in the same period last year.
Service Centers’ revenue for the first quarter was $148.7 million, a decline of 11.2 percent over the same period in 2016.
Innovative Pumping Solutions’ revenue for the first quarter was $49.1 million, a 3.4 percent increase year-over-year.
Supply Chain Services’ revenue for the first quarter was $40.8 million, a 5.5 percent increase year-over-year.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
