DXP ENTERPRISES INC

DXP Enterprises, Inc. announced it has entered into a Second Amended and Restated Loan and Security Agreement, increasing its asset-based revolving loan (ABL) facility from $185.0 million to $225.0 million. This new facility, maturing on July 2, 2031, provides enhanced liquidity and flexibility to support the company's organic and acquisition growth strategies. The company aims to optimize its cost of capital and continue reinvesting in the business.

DXP Enterprises reported Q1 2026 sales of $521.7 million, a 9.5% increase year-over-year, while net income slightly decreased by 3.0% to $20.0 million. Diluted EPS was $1.22, down 2.4% from the prior year. The company significantly increased cash provided by operating activities to $29.6 million and completed three business acquisitions totaling $126.3 million during the quarter.

DXP Enterprises reported first quarter 2026 financial results with sales increasing 9.5% year-over-year to $521.7 million. Net income slightly decreased to $20.0 million, resulting in diluted EPS of $1.22. The company achieved strong Adjusted EBITDA of $57.8 million and significantly improved free cash flow to $26.3 million, while also completing three acquisitions during the quarter.

DXP Enterprises, Inc. filed its 2026 Definitive Proxy Statement (DEF 14A) for its Annual Meeting of Shareholders on June 12, 2026. Shareholders will vote on the election of six directors, an advisory resolution on Named Executive Officers' compensation, and the ratification of PricewaterhouseCoopers, LLP as the independent auditor for fiscal year 2026. The company also reported record fiscal year 2025 sales of approximately $2.0 billion and Adjusted EBITDA of $225.3 million, alongside $61.7 million in acquisitions and $17.0 million in share repurchases.