BNET Industries

Market Cap:$153.5M
Last Fiscal Year Sales:$736.8M
  • Public
  • US
Dow Jones Description

DXP was incorporated in Texas in 1996 to be the successor to a company founded in 1908. Since our predecessor company was founded, we have primarily been engaged in the business of distributing maintenance, repair and operating ("MRO") products, equipment and service to industrial customers. We are organized into two segments: MRO and Electrical Contractor. Sales and operating income for 2006, 2007 and 2008, and identifiable assets at the close of such years for our business segments are presented in Note 15 of the Notes to the Consolidated Financial Statements. The industrial distribution market is highly fragmented. Based on 2007 sales as reported by industry sources, we were the 22nd largest distributor of MRO products in the United States. Most industrial customers currently purchase their industrial supplies through numerous local distribution and supply companies. These distributors generally provide the customer with repair and maintenance services, technical support and application expertise with respect to one product category. Products typically are purchased by the distributor for resale directly from the manufacturer and warehoused at distribution facilities of the distributor until sold to the customer. The customer also typically will purchase an amount of product inventory for its near term anticipated needs and store those products at its industrial site until the products are used.

Chairman, President & CEO
David R. Little
Number of Employees 1,884
Contact Information

7272 Pinemont Dr

Houston, Texas 77040-6606

dxpe.com

(713) 996-4700

NAICS Code Industrial Machinery and Equipment Merchant Wholesalers: 423830

Recent Events

  • DXP Enterprises Announces Third Quarter Results

    11/03/09 - Financial Announcement - View Story

  • DXP, Interline Brands report quarterly results

    8/02/09 - Financial Announcement - View Story

News & Analysis

dxp enterprises inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Hugh H McConnell Senior V.P. Cfo
Mac McConnell CFO & Senior Vice President, Finance
Marc H. McConnell CFO, Secretary & Senior Vice President, Finance
David Vinson Sr. Senior Vice President
Gregory Oliver Senior Vice President, Service Centers
J. Michael Wappler Senior Vice President, Sales & Marketing
John Jeffery Senior Vice President, Marketing
Michael Wappler Senior Vice President, Sales & Marketing
Stephen Oliver Gregory Senior V.P.
Stephen Norbert Wick Vice President Controller
Vincent Esposito Vice President, Supply Chain Mgmt
Charles R. Strader Director, Senior Vice President, Strategic Initiatives
Timothy P. Halter Director

Board of Directors

Name (plus bio) Position
David R. Little Chairman, President & CEO
Cletus Davis Board of Directors
Kenneth H. Miller Board of Directors

Mr. Little has served as Chairman of the Board, President and Chief Executive Officer of DXP since its organization in 1996 and also has held these positions with SEPCO Industries, Inc., a wholly owned subsidiary of, and predecessor to, the Company (“SEPCO”), since he acquired a controlling interest in SEPCO in 1986. Mr. Little has been employed by SEPCO since 1975 in various capacities, including Staff Accountant, Controller, Vice President/Finance and President.

Organization Position Status
DXP Enterprises, Inc. Chairman, President & CEO Current

Organization Position Status
DXP Enterprises, Inc. Senior V.P. Cfo Current

Mr. McConnell was elected Senior Vice President/Finance and Chief Financial Officer in September 2000. From February 1998 until September 2000, Mr. McConnell served as Senior Vice President, Chief Financial Officer and a director of Transportation Components, Inc., a NYSE listed distributor of truck parts. From December 1992 to February 1998, he served as Chief Financial Officer of Sterling Electronics Corporation, a NYSE listed electronics parts distributor, which was acquired by Marshall Industries, Inc. in 1998. From 1990 to 1992, Mr.McConnell was Vice President-Finance of Interpak Holdings, Inc., a publicly-traded company involved in packaging and warehousing thermoplastic resins. From 1976 to 1990, he served in various capacities, including as a partner, with Ernst & Young LLP.

Organization Position Status
DXP Enterprises, Inc. CFO & Senior Vice President, Finance Current

Organization Position Status
DXP Enterprises, Inc. CFO, Secretary & Senior Vice President, Finance Current

Mr. Vinson was elected Senior Vice President/Innovative Pumping Solutions in January 2006. He served as Senior Vice President/Operations of DXP from October 2000 to December 2005. From 1996 until October 2000, Mr. Vinson served as Vice President/Traffic, Logistics and Inventory. Mr. Vinson has served in various capacities with DXP since his employment in 1981.

Organization Position Status
DXP Enterprises, Inc. Senior Vice President Current

Mr.Oliver was elected Vice President of Safety Services in February 2009. Prior to that Mr.Oliver served as Senior Vice President of Service Centers since 2006. Prior to joining DXP, Mr. Oliver worked as Vice President of Operations for Your Other Warehouse, a plumbing distributor, and he also held various positions with Monarch Tile, a manufacturer of ceramic tile, including Executive Vice President of Global Business Development.

Organization Position Status
DXP Enterprises, Inc. Senior Vice President, Service Centers Current

Mr. Wappler was elected Senior Vice President/Business to Business in January 2006. Mr. Wappler served in various capacities with DXP since his employment in 1986, including Senior Vice President of Sales and Marketing, Senior Vice President/Operations and Vice President/Corporate Development. Mr. Wappler resigned from employment with DXP, effective March 1, 2009.

Organization Position Status
DXP Enterprises, Inc. Senior Vice President, Sales & Marketing Current

Mr. Jeffery was elected Senior Vice President of Sales and Marketing in January 2006. Mr. Jeffery joined the Company 1991 when DXP acquired T. L. Walker. He has served in various capacities with DXP since his employment, including sales representative, branch and area management, Vice President of Marketing, Sales Vice President for the Gulf Coast Region and Senior Vice President of Marketing.

Organization Position Status
DXP Enterprises, Inc. Senior Vice President, Marketing Current

Organization Position Status
DXP Enterprises, Inc. Senior Vice President, Sales & Marketing Current

Organization Position Status
DXP Enterprises, Inc. Senior V.P. Current

Organization Position Status
DXP Enterprises, Inc. Vice President Controller Current

Organization Position Status
DXP Enterprises, Inc. Vice President, Supply Chain Mgmt Current

Mr. Strader has served as a Director of DXP since 2007. Mr. Strader was appointed to serve as Senior Vice President of Strategic Initiatives of DXP in February 2009. From 2005 through February 2009, Mr.Strader served as Executive Vice President and Chief Financial and Administrative Officer of Precision Industries,Inc. (“Precision”), which was acquired by DXP in September 2007. Mr. Strader had been employed in various capacities by Precision since 1997. Mr. Strader served as President of Data Duplicating Corp in 1996, as Vice President of Operations for Garner Industries in 1994 and 1995, and as Chief Financial Officer for Gate City Steel Corp., a national distributor and fabricator of steel products and a wholly-owned subsidiary of Valmont Industries, Inc., from 1978 through 1993

Organization Position Status
DXP Enterprises, Inc. Director, Senior Vice President, Strategic Initiatives Current
DXP Enterprises, Inc. CFO, Precision Indus & Executive Vice President Former
DXP Enterprises, Inc. Board of Directors Current

Mr. Davis has served as a Director of DXP since 1996. Mr. Davis is an attorney practicing in the areas of commercial real estate, banking, corporate, estate planning and general litigation and is also a trained mediator. Since March 1992, Mr. Davis has practiced law with the law firm of Cletus Davis, P.C.

Organization Position Status
DXP Enterprises, Inc. Board of Directors Current

Mr. Miller has served as a Director of DXP since 1996. Mr. Miller also served as a Director of SEPCO from April 1989 to 1996. Mr. Miller is a Certified Public Accountant and has been a solo practitioner since 1983.

Organization Position Status
DXP Enterprises, Inc. Board of Directors Current

Organization Position Status
Wonder Auto Technology, Inc President (Principal Executive Officer) and Chief, Financial Officer (Principal Financial Officer) Current
Nevstar Corp Officer Current
DXP Enterprises, Inc. Director Current
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     DXPE $11.86 -0.27 (-2.23% )
Average Volume 61,941
Shares Outstanding 12.94M
Market Cap 153.4M
Year High 16.4
Year Low 8.57
Earnings Per Share 1.08
P/E Ratio 10.98
Dividend N/A
Yield N/A
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