Industrial distributor DXP Enterprises Inc. (NASDAQ: DXPE), Houston, TX, reported sales for the first quarter of $253.6 million, a 25.8 percent decrease year-over-year. The company reported a loss of $5.1 million for the quarter, compared to a profit of $9.7 million the prior year.
"DXP’s industrial end markets, which is 60 percent of our business today, appears to have bottomed and shows signs of positive upward movement," said CEO David Little. "Oil and gas, which today is 40 percent of DXP, is attempting to find a bottom as declines are decreasing."
