After the close of another acquisition, DXP is expecting to have more than $120 million in sales in Canada.
Sales increased for all three of DXP’s business segments.
HSE is an industrial safety services company based in Calgary, Alberta.
Pump & Power Equipment, Aledco and Force Engineered Products will join DXP’s Rotating Equipment division.
Profit for DXP increased 58% to $31.4 million.
Mid-Continent provides safety instrumentation, fall and hand protection and other related safety products.
C.W. Rod Tool Co. is a $57 million distributor of cutting tools and other industrial products.
Excluding acquisitions, DXP’s sales improved 17.2 percent in the quarter.
Kenneth Crosby serves New York, Massachusetts and the surrounding area as an integrated supplier and traditional branch-based operation.
Allegations are in connection with DXP’s acquisition of Precision Industries in 2007.
D&F has annualized 2010 sales of $22 million.
DXP’s sales are up 9% in the first nine months.
DXP Enterprises’ six-month organic sales were down slightly from the year-ago period.
Sales of MRO products by service centers decreased 1 percent.
The distributor of fluid and air handling pumps had 2009 sales of $47 million.
CEO: Fourth quarter results were heavily impacted by one-time charges associated with economic recession, Precision integration.
For the first nine months, DXP’s sales declined 57.4%.
Distributors speak at Morgan Keegan Industrial/Transportation Conference about the impact the economy has had on business.
DXP Enterprises reported sales of $144.4 million in the second quarter 2009, a decrease of 23.1% from the prior-year period. Sales by businesses acquired in 2008, on a same-store basis, accounted for $12 million of 2009 sales.
Excluding these sales, sales fell 29.5% in the second quarter.
Profit was $2.16 million, down 31.7%.
Sales for the six months ended June 30, 2009, fell 15.2% to $302 million from the prior-year period. Profit was $5.3 million. Excluding first-half 2009 sales of $26.2 million by the businesses acquired in 2008, sales decreased 22.6% from the first half of 2008.
CFO Mac McConnell said: “Economic conditions for the oil and gas and industrial manufacturing industries have proven to be more severe than anticipated. … We will continue to …
DXP Enterprises, Houston, TX, reported sales fell 6.5% to $157.6 million for the first quarter ended March 31, 2009.
Excluding sales by three acquired businesses, sales for the first quarter of 2009 decreased 14.9% from the first quarter of 2008 on a same-store sales basis.
Profit was $3.17 million, down from $5.4 million in the same period a year ago.
DXP attributed the sales decrease to a broad-based decrease in sales of pumps, bearings, safety products and mill supplies, due to a general decline in the …
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