Earnings

The company reported fiscal 2022 fourth-quarter net sales of $358.9 million and gross margin of $137.5 million.

The distributor reported 2022 first-quarter net sales of $5.7 billion, while net income grew 270.6% to $639.6 million.

Operations

Article

DXP 1Q Sales Rise 30.1%

Sales for the quarter were $319.4 million, compared to $245.6 million for 1Q 2021 and $293.1 million for 4Q 2021.

The distributor reported 2022 first-quarter gross profit of $136 million, compared to $103 million during the same quarter in 2021.

The industrial distributor reported 2022 first-quarter revenue of $439.5 million, up from $387.1 million in 1Q 2021.

The Pittsburgh, Pennsylvania-based company record first-quarter net sales of $4.9 billion, up 22% from 1Q 2021.