DXP Enterprises Kicks Off FY2026 with Strong Q1 Results

DXP Enterprises kicked off fiscal 2026 with robust first quarter results, posting a 9.5% sales increase to $521.7 million, with gross profit margins expanding by nearly 80 basis points to 32.3%. The company generated $26.3 million in free cash flow and $1.26 in adjusted diluted earnings per share. Innovative Pumping Solutions led sales growth with a 37.7% increase, while Service Centers and Supply Chain Services grew by 3.3% and 2.7% respectively. DXP closed three acquisitions in the quarter and has more in the pipeline. The companys balance sheet remains strong with over $366 million in liquidity. Looking ahead, executives anticipate continued momentum, with sales up 15% year-over-year in April, and priorities on organic growth, operations, and smart capital allocation. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f567e9a1073f13d9