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Posted November 15, 2016

DXP Enterprises sales decline 24.1 percent

DXP Enterprises reported sales were $230.0 million for the third quarter of 2016, down 24.1 percent from $303.1 million in the same period in 2015.


Gross profit was $63.8 million, or 27.7 percent of sales for the third quarter of 2016 versus $85.7 million or 28.3 percent of sales for the third quarter of 2015.

Net income of $240,000 for the quarter compared to a loss of $52.45 million in the same quarter last year.

Service Centers revenue for the third quarter was $152.0 million, a decline of 6.1 percent sequentially with an 8.8 percent operating income margin.

Innovative Pumping Solutions revenue for the third quarter was $39.8 million, a decline of 26.7 percent sequentially with a 4.1 percent operating income margin.

Supply Chain Services revenue for the third quarter was $38.2 million, a decline of 4.6 percent sequentially with a 10.3 percent operating margin.

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