DXP Enterprises Inc 2025年季度报告

FORM10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.For the quarterly period endedSeptember 30, 2025 ☒ OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For thetransition period from __________ to __________ 76-0509661 (State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification Number) 5301 Hollister,Houston,Texas77040 (Address of principal executive offices, including zip code) (713)996-4700 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Exchange Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Actof 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subjectto such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically, every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See definitions of "large accelerated filer," "accelerated filer," "smaller reporting company" and"emerging growth company" in Rule 12b-2 of the Exchange Act. Large accelerated filer☐Accelerated filer☒Non-accelerated filer☐Smaller reporting company☐Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Number of shares of registrant's Common Stock, par value $0.01 per share outstanding as of November3, 2025:15,679,290. DXP ENTERPRISES, INC. AND SUBSIDIARIESTABLE OF CONTENTS PagePART I: FINANCIAL INFORMATIONITEM 1. Financial Statements3a) Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income3b) Unaudited Condensed Consolidated Balance Sheets4c) Unaudited Condensed Consolidated Statements of Cash Flows5d) Unaudited Condensed Consolidated Statements of Equity6e) Notes to Unaudited Condensed Consolidated Financial Statements8ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations22ITEM 3. Quantitative and Qualitative Disclosures about Market Risk34ITEM 4. Controls and Procedures35PART II: OTHER INFORMATION36ITEM 1. Legal Proceedings36ITEM 1A. Risk Factors36ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds36ITEM 3. Default upon Senior Securities36ITEM 4. Mine Safety Disclosures36ITEM 5. Other Information37ITEM 6. Exhibits38 DXP ENTERPRISES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONSAND COMPREHENSIVE INCOME(in thousands, except per share amounts) (unaudited) The accompanying notes are an integral part of these unaudited condensed consolidated financial statements. DXP ENTERPRISES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF EQUITY(in thousands) (unaudited) The accompanying notes are an integral part of these unaudited condensed consolidated financial statements DXP ENTERPRISES, INC. AND SUBSIDIARIESNOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS NOTE 1 -THE COMPANY DXP Enterprises, Inc. together with its subsidiaries (collectively "DXP," the "Company," "us," "we," or "our") was incorporated in Texas onJuly 26, 1996. DXP Enterprises, Inc. and its subsidiaries are engaged in the business of distributing maintenance, repair and operating ("MRO")products and services to a variety of end markets and business-to-business customers. Additionally, DXP provides integrated, custom pumpskid packages, pump remanufacturing and manufactures branded private label pumps to energy and broad industrial customers. The Companyis currently organized intothreebusiness segments: Service Centers ("SC"), Innovative Pumping Solutions ("IPS"), and Supply Chain Services("SCS"). SeeNote 11 - Segment Reportingfor discussion of the business segments. NOTE 2 -SUMMARY OF SIGNIFICANT ACCOUNTING AND BUSINESS POLICIES Basis of PresentationThe Company's financial statements are prepared in accordance with generally accepted accounting principles in the United States of America ("U.S. GAAP"). For interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X of the U.S.Securities and Exchange Commission ("SEC") not all disclosures normally required in