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. LittleNumber of Employees 1,884
Peer Companies
NAICS Code Industrial Machinery and Equipment Merchant Wholesalers: 423830
Recent Events
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DXP Enterprises Announces Third Quarter Results
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DXP, Interline Brands report quarterly results
News & Analysis
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dxp enterprises inc. - All News and Analysis
DXP Enterprises: Small Cap Business with Oversized Growth Potential
If you were looking for a small cap stock with the potential for outsized returns, then I believe that looking into DXP Enterprises DXPE might be worth your while. DXP Enterprises is an industrial wholesale company that specializes in maintenance, repair, operating, and production services (MROP), Innovative Pumping Solutions, and...
DXP Enterprises, Inc. Q4 2008 Earnings Call Transcript
Question-and-Answer Session Operator (Operator's instruction) Your first question comes from the line of Matt Duncan - Stephens, Inc. Matt Duncan - Stephens, Inc. First question, I got David, I want to make sure I got clarification on that last thing you just said when you said would be down...
3 Momentum Stocks with Room to Run
Market Beating Stocks submits: Are you looking for fast moving stocks that still have room to run? Market Beating Stocks has created a proprietary stock screen called "MARP": Momentum At Reasonable Prices. We use the MARP screen to search for stocks that have shown strong price momentum...
DXP Enterprises Q4 2007 Earnings Call Transcript
Question-and-Answer Session Operator Operator Instructions One first question is from the line of Matt Duncan with Stephens, Inc. Please go ahead. Matt Duncan – Stephens, Inc. The first couple of question I’ve got are really with regard to Precision and I appreciate the commentary that...
DXP Enterprises, Inc. Announces Completion of the Acquisition of Precision Industries and Conference Call
HOUSTON -- DXP Enterprises, Inc. (NASDAQ:DXPE) announced today the completion of the acquisition of Precision Industries. The total purchase price of $106 million was financed with $24 million of cash available on DXP's balance sheet and borrowings from a new $130 million senior credit facility. Although DXP has and...
DXP Enterprises Q1 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Operator Instructions Your first question is coming from Matt Duncan of Stephens Inc. Please go ahead. Matt Duncan - Stephens Inc. Good afternoon Dave and Mac and congrats on another great quarter. David Little Thank you. Matt Duncan -...
DXP Enterprises Q4 2006 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from Matt Duncan from Stephens Inc. Please go ahead. Matt Duncan - Stephens Inc. Good afternoon, David and Mac, and congrats on an excellent quarter. A couple of quick questions here. David, I know you...
Issues Thursdays Stocks to Watch! July 27, 2006.
M2 PRESSWIRE-27 July 2006-Wall Street Capital Funding LLC: Issues Thursdays Stocks to Watch! July 27, 2006C1994-2006 M2 COMMUNICATIONS LTD RDATE:27072006 Weston, FLA. - Wall Street News Alert's "stocks to watch" this morning are: Proton Laboratories, Inc. (OTCBB: PLBI), DXP Enterprises...
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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 |



