Quarterly ResultAug 6, 2026, 02:49 PM
DXP Enterprises Q2 Sales Up 15.6% to $576.5M; EPS $1.76
AI Summary
DXP Enterprises reported strong financial results for the second quarter and first half of 2026. Q2 sales increased 15.6% to $576.5 million, with diluted EPS rising 23.1% to $1.76. Net cash provided by operating activities for the first six months saw a substantial increase to $62.0 million, reflecting improved operational efficiency. The company also actively pursued acquisitions, utilizing $112.9 million in cash for business acquisitions during the first half of the year, and expanded its ABL Revolver facility to $225.0 million while remaining compliant with all debt covenants.
Key Highlights
- Q2 2026 Sales increased 15.6% to $576.5 million compared to Q2 2025.
- Q2 2026 Diluted EPS rose 23.1% to $1.76 from $1.43 in Q2 2025.
- Net income for Q2 2026 grew 21.6% to $28.7 million.
- Net cash provided by operating activities for H1 2026 significantly increased to $62.0 million.
- Acquisitions resulted in $112.9 million cash used in investing activities for H1 2026.
- ABL Revolver facility increased to $225.0 million, maturing July 2031, following a July 2, 2026 amendment.
- The company maintained compliance with all financial covenants, including a Secured Leverage Ratio of 2.30 to 1.00.
- Service Centers segment sales were $367.9 million in Q2 2026.
Price Impact
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