DXP ENT INC
			Symbol			DXPE

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DXP Enterprises Announces Third Quarter Results

2009-11-03 15:43 ET - News Release

Company Website: http://www.dxpe.com
HOUSTON -- (Business Wire)

DXP Enterprises, Inc. (NASDAQ:DXPE) today announced net income of $2,684,000 for the third quarter ended September 30, 2009, with diluted earnings per share of $0.19 compared to net income of $7,026,000 and diluted earnings per share of $0.51 for the third quarter of 2008. Sales decreased $43.5 million, or 23.3%, to approximately $143.4 million from $186.9 million for the same period in 2008. Sales by businesses acquired in 2008, on a same store sales basis, accounted for $8.6 million of 2009 sales for the three month period. Excluding these sales by the acquired businesses, sales decreased 27.9%.

Net income for the third quarter of 2009 increased 23.9% compared to the second quarter of 2009. Sales for the third quarter of 2009 declined 0.7% compared to the second quarter of 2009.

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