DXP Enterprises, Inc. reported financial results for the second quarter ended June 30, 2026. Sales increased 15.6 percent year-over-year to $576.5 million, driven by organic growth of $526.6 million and $49.8 million from acquisitions. Net income rose 21.6 percent to $28.7 million, with diluted earnings per share reaching $1.76 compared to $1.43 in the prior year period. Adjusted EBITDA grew 22.8 percent to $70.4 million, reflecting a margin expansion to 12.2 percent from 11.5 percent. Free cash flow improved significantly to $29.8 million from $8.3 million last year. The company completed four acquisitions through the second quarter and reported total debt of $842.5 million with a net debt to EBITDA ratio of 2.30:1. DXP Enterprises, Inc. is a leading products and service distributor that provides innovative pumping solutions, supply chain services, and maintenance, repair, operating, and production services to industrial customers throughout North America.

DXP Enterprises, Inc. entered into a Second Amended and Restated Loan and Security Agreement on July 2, 2026. The agreement establishes an asset-based revolving credit facility with an aggregate principal amount of up to $225.0 million, consisting of a $210.0 million US ABL Facility and a $15.0 million Canadian ABL Facility. The facility, led by Bank of America, N.A., includes an option to increase the total amount by up to $50.0 million in minimum increments of $10.0 million. The credit facility matures on July 2, 2031, with interest rates based on Term SOFR or Term CORRA plus a margin. DXP Enterprises, Inc. provides industrial products and services.