The Latest Breaking News from DXP Enterprises Inc

DXP Enterprises Inc (NASDAQ:DXPE) reported fourth-quarter sales growth of 26% year-over-year to $293.1 million. Sales by segments: Service Centers $207.96 million (+28.9% Y/Y), Innovative Pumping Solutions $43.18 million (+21.2% Y/Y), and Supply Chain Services $42.02 million (+17.4% Y/Y). EPS was $0.05 versus $(0.18) in 4Q20. The gross margin expanded by 200 bps…

DXP Enterprises Inc (NASDAQ:DXPE) has completed the acquisitions of Drydon Equipment, Inc. and Burglingame Engineers. The company signed the definitive agreements on March 1, 2022, and the financial terms were not disclosed. Drydon is a distributor and manufacturers representative of pumps, valves, controls, and process equipment in the Central and Northern Illinois, Northwest…