DXP Enterprises (DXPE) Misses Q2 EPS by 23c

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DXP Enterprises Announces 2015 Second Quarter Results

August 10, 2015 7:00 AM EDT

HOUSTON--(BUSINESS WIRE)-- DXP Enterprises, Inc. (NASDAQ: DXPE) today announces results for its second quarter ended June 30, 2015. The following are results for the three months and six months ended June 30, 2015 compared to the three months and six months ended June 30, 2014. A reconciliation of the Non-GAAP Financial Measures is in the back of this press release.

DXP Enterprises 2015 second quarter financial highlights:

Sales were $323.7 million for the second quarter of 2015, compared to $381.6 million for the second quarter of 2014, a decrease of 15.2%. Organic sales decreased 16.3%, acquisitions positively... More