Posted October 28, 2011
DXP Enterprises sales rise 20.7%
DXP Enterprises reported a 20.7% increase in sales for the third quarter. Sales of $207.9 million compared to $172.2 million for the same period in 2010.
Net income of $8.3 million, or 55 cents per share, compared to $5.3 million, or 36 cents per share, for the third quarter of 2010.
"Most of our customers and the markets we serve continue to show improvement, especially oil and gas. DXP continues to expand organically and pursue promising acquisition opportunities. We are very pleased to welcome our newest acquisition, Kenneth Crosby, to our DXP family," said David R. Little, chairman and chief executive officer.
Sales for the nine months ended Sept. 30, increased 21.0% to approximately $588.6 million from $486.5 million for the same period in 2010.
