DXP Enterprises sales up 17.4 percent
DXP Enterprises reported third quarter sales increased 17.4% to $387.1 million, compared to $329.7 million for the third quarter of 2013.
Organic sales increased 3.33%, and acquisitions positively impacted sales by $46.4 million.
Net income of $17.6 million for the current quarter was up 7.9% compared to $16.4 million, for the third quarter of 2013.
Earnings per diluted share for the third quarter of 2014 were $1.14 per share, compared to $1.07 per share in the third quarter of 2013.
“During the third quarter, we continued to have strong organic growth within Supply Chain Services, slight organic growth in Service Centers and a small decline in Innovative Pumping Solutions. Profitable growth remains a primary focus, including M&A opportunities and organic initiatives, as we position DXP to deliver and drive increased shareholder value," said David R. Little, chairman and chief executive officer.
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.
