DXP Enterprises Inc. (DXPE)

DXP Enterprises, Inc., together with its subsidiaries, distributes maintenance, repair, and operating (MRO) products, equipment, and services to industrial customers in the United States. The company operates in two segments, MRO and Electrical Contractor. The MRO segment provides MRO products, equipment and integrated services, including technical design expertise and logistics capabilities to industrial customers. It offers a range of MRO products in the fluid handling equipment, bearing, power transmission equipment, general mill, safety supply, and electrical products categories, as well as integrated services, such as system design, fabrication, installation, and repair and maintenance for customers. This segment serves general manufacturing, oil and gas, petrochemical, service and repair, wood products, mining, construction, chemical, municipal, food and beverage, agriculture, and pulp and paper industries. The Electrical Contractor segment sells various electrical products, such as wire conduit, wiring devices, electrical fittings and boxes, signaling devices, heaters, tools, switch gear, lighting, lamps, tape, lugs, wire nuts, batteries, fans, and fuses to electrical contractors. The company was founded in 1908 and is headquartered in Houston, Texas.

For the six months ended 30 June 2006, DXP Enterprises, Inc.'s revenues increased 52% to $132.3M. Net income applicable to Common totaled $5.4M, up from $2.3K. Revenues reflect an increase in sales from MRO and Electrical Contractor business segments due to favorable business conditions. Net income benefited from a significant increase in operating margins and higher other operating income.