COMPANY PROFILE
DXP Enterprises Inc, USA Profile
DXP Enterprises Inc’s main business is the distribution of maintenance, repair and operating (MRO) ...
DXP Enterprises Inc’s main business is the distribution of maintenance, repair and operating (MRO) products, equipment and services to industrial customers. The company has three business segments: Service Centers; Supply Chain Services; and Innovative Pumping Solutions. The Service Centers provide MRO products, equipment and integrated services, including technical expertise and logistics capabilities, to industrial customers. The Supply Chain Services segment manages all or part of DXP Enterprises’ customers’ supply chain, including inventory. DXP Enterprises’ Innovative Pumping Solutions segment fabricates and assembles custom-made integrated pump system packages. Pump products include a line of centrifugal pumps for transfer and process service applications, such as petrochemicals, refining and crude oil production; rotary gear pumps for low- to- medium pressure service applications, such as pumping lubricating oils and other viscous liquids; plunger and piston pumps for high-pressure service applications such as the disposal of produced water and crude oil pipeline service; and air-operated diaphragm pumps. The company also provides a range of pump accessories. DXP Enterprises’ common stock trades on the NASDAQ Global Market under the stock symbol DXPE. Analysis
Innovative Pumping Solutions’ 2012 sales increased by US$59.5 million, or 58.2%, on a year earlier. The sales increase reflected increased capital spending by oil and gas and mining customers. Operating income for the Innovative Pumping Solutions segment increased US$15.2 million, or 89.7%, primarily as a result of the significant increase in sales combined with an increased gross profit percentage.
COMMENT Acquisitions continue to be a key component of DXP Enterprises’ growth strategy. Already this year, DXP Enterprises has made two acquisitions within pumps with the purchase of US and Canadian pump distributors Alaska Pump & Supply Inc and National Process Equipment Inc. ■
Operating Income for Reportable Segments Of Which: Innovative Pumping Solutions
133.5
89.9
68.0
–
–
32.1
16.9
10.3
–
–
Operating Income/(Loss)
90.5
55.5
37.1
(49.3)
48.2
Income/(Loss) before Income Taxes
85.0
52.0
32.1
(54.5)
42.3
Net Income/(Loss)
51.0
31.4
19.4
(42.4)
25.9
5.1
1.6
1.2
–
–
0.3
0.3
–
–
–
Capital Expenditures Of Which: Innovative Pumping Solutions Contact Details
DXP Enterprises Inc Chairman, President and CEO: Senior Vice President/Innovative Pumping Solutions: Address:
David Little David Vinson 7272 Pinemont Houston Texas 77040 USA
Tel: +1 713 996 4700 Web: www.dxpe.com
Recent Events
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