DXP Enterprises sales and earnings rise
DXP Enterprises earned first quarter net income of $13.2 million, or 87 cents per share, on sales of $290.1 million.
Compared to first quarter 2012 earnings of $11.6 million, or 77 cents, earnings per share improved 13.0%.
Sales for the quarter increased 15.0% from $252.3 million for the same period in 2012.
"In the short term, there are still a lot of questions around the pace of growth in the U.S. and Canada. We have demonstrated over the past few years our ability to successfully compete and deliver strong revenues and earnings through inconsistent times, and we are confident that we can continue to do so," said David R. Little, chairman and chief executive officer.
He said the company experienced "tepid growth" within its Service Center and Supply Chain Services business segments and "lumpy performance" within Innovative Pumping Solutions.
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.
