Posted May 4, 2011
DXP Enterprises income rises 76.6%
DXP Enterprises announced sales for the first quarter of 2011 increased 24.6% to $183.1 million, from $147.0 million for the first quarter of 2010.
Net income was $6.3 million, or 42 cents per share, compared to $3.6 million, or 26 cents per share for the first quarter of 2010, an increase of 76.6% in net income.
"We are pleased to report a strong first quarter and start of our new year. All three business segments are performing well and we are optimistic that we will continue to show progress over the balance of the year," said David R. Little, chairman and chief executive officer.
He added that all of the company's markets showed improvement, especially oil and gas.
