DXP Enterprises on Wednesday reported quarterly financial results that officials said were “well above expectations,” including a double-digit jump in sales.
The Houston-based pump, MRO and supply chain services company — no. 17 on ID’s latest Big 50 list — posted $527.4 million in fourth-quarter sales, an increase of 12% over the $470.9 million reported in the final quarter of 2024.
Organic sales climbed to $505.5 million — up from $436.1 million in the previous Q4 — while recent acquisitions contributed nearly $22 million to the overall total. The company’s service centers segment, its largest, saw an 11% increase in sales in the quarter, while its pumping division jumped by 26.4%; those offset a 1.4% decline in supply chain services revenue.
DXP’s quarterly gross profit increased from $148.5 million to $166.6 million year-over-year, while net income rose from $21.4 million to $22.8 million.
DXP CEO David Little also noted that the company refinanced its debt to raise an additional $205 million in the quarter, resulting in what he called a “strengthened” balance sheet.
“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,” Little said in the company’s earnings release. “We have a positive outlook for end markets like water and wastewater and see positive dynamics developing in the second half of 2026 for our traditional end markets like energy.”
For the full year, DXP reported $2 billion in sales, an increase of 11.9% over the $1.8 billion in 2024 sales, and net income came in at $88.7 million, up 25.8% from the previous year. The company completed six acquisitions during the year — and has already announced three more in 2026.
“We continue to have momentum going into fiscal 2026 and we expect to drive both organic and acquisition-driven growth,” DXP CFO Kent Yee added in the statement.
