DXPE News & Events

DXP Enterprises "announced that it has completed the acquisition of General Repair Service. Founded in 1955, General Repair is headquartered in Vadnais Heights, Minnesota and operates out of a single location servicing the greater Minnesota market, and surrounding geography. General Repair is a leading provider of products and services including pumps, blowers, and related process equipment focused on serving customers in the water and wastewater, and industrial markets. DXP funded the acquisition with cash from the balance sheet. Sales and adjusted EBITDA for the last twelve months ending March 31, 2026, were approximately $12.2 million and $1.6 million, respectively. Adjusted EBITDA was calculated as income before tax, plus interest, plus depreciation and amortization, plus non-recurring items."

Reports Q1 revenue $521.7M vs $476.6M last year. David R. Little, Chairman and Chief Executive Officer commented, "The Company posted first quarter financial results, delivering solid sales, adjusted EBITDA, earnings per share and free cash flow. First quarter results reflect the continued execution of our growth strategy. This resulted in operating leverage that produced diluted earnings per share of $1.22. DXP's fiscal year 2026 first quarter sales were $521.7 million, or a 9.5 percent growth over the same period in 2025. Adjusted EBITDA was $57.8 million in the quarter. During the first quarter of 2026, sales were $338.0 million for Service Centers, $118.7 million for Innovative Pumping Solutions, and $65.0 million for Supply Chain Services. Overall, we are pleased with our performance and the progress DXP continues to make as a growth company."

Reports Q4 revenue $527.4M vs. $470.9M last year. CEO David Little remarked, "DXPeople drove Q4 results well above expectations, with strong performance across DXP. Broad based business strength across the business helped us deliver 11.9% revenue growth on a year-over-year basis. This growth has fueled a healthy momentum coming into 2026...The sales momentum from Q4 has positioned us for further success as we move into 2026. Additionally, we strengthened our balance sheet in Q4, raising an incremental $205M under our Term Loan B. The strength of the balance sheet, the balanced end markets that we have delivered upon, and our ability to continue to execute on acquisitions have set the stage for 2026. We have a positive outlook for end markets like water & wastewater and see positive dynamics developing in the 2nd half of 2026 for our traditional end markets like energy. We are confident our growth strategy, coupled with a continued focus on improving margins and maintaining operational discipline will drive shareholder value."