DXP Enterprises, Inc. Reports Strong Second Quarter Financial Results with Net Income of $19.0 Million

DXP Enterprises, Inc.(DXPE), a leading industrial dist ribution company, has announced its unaudited financial results for the second quarter ended June 30, 2023. The company reported robust performance, achieving a net income of $19.0 million and recording impressive revenue of $428.0 million during the quarter. These results highlight the company's continued growth trajectory and strategic execution amidst a competitive business landscape.

Strong Net Income of $19.0 Million

DXP Enterprises, Inc. demonstrated its financial strength during the second quarter of 2023, reporting a net income of $19.0 million. This figure represents a notable increase compared to the same period last year, with the company's net income for the corresponding quarter in 2022 standing at $14.4 million. The significant growth in net income underscores DXP's effective management of operations and sustained profitability.

Record Revenue of $428.0 Million