DXP Enterprises Inc 2026年季度报告

FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.For the quarterly period ended March 31, 2026 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For thetransition period from __________ to __________ (Exact name of registrant as specified in its charter) 76-0509661 (I.R.S. Employer Identification Number) 5301 Hollister, Houston, Texas 77040 (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: Name of Exchange on which Registered 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 beensubject to 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☐ 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 May3, 2026: 15,505,312. 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 Statements7ITEM 2. Management's Discussion and Analysis of Financial Condition and Results of Operations19ITEM 3. Quantitative and Qualitative Disclosures about Market Risk29ITEM 4. Controls and Procedures30PART II: OTHER INFORMATION31ITEM 1. Legal Proceedings31ITEM 1A. Risk Factors31ITEM 2. Unregistered Sales of Equity Securities and Use of Proceeds31ITEM 3. Default upon Senior Securities31ITEM 4. Mine Safety Disclosures31ITEM 5. Other Information32ITEM 6. Exhibits33 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) 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. The Company and its subsidiaries are engaged in the business of distributing maintenance, repair and operating ("MRO")products, and service to customers serving a variety of end markets. Additionally, the Company provides integrated, custom pump skidpackages, pump remanufacturing and manufactures branded private label pumps to energy and industrial customers. The Company is organizedinto three business 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 accounting principles generally accepted 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 annual consolidated financial statements prepared inaccordance with U.S. GAAP are required. The unaudited condensed consolidated financial statements should be read in conjunction with ouraudited consolidated financial statements for the year ended December 31, 2025 that are included in our annual report on Form 10-K filed withthe SEC on February26, 2026 (“Ann