---
schema_version: "secwatch.filing_event.v1"
accession: "0001020710-23-000058"
form_type: "8-K"
ticker: "DXPE"
cik: "0001020710"
company_name: "DXP ENTERPRISES INC"
filed_at: "2023-05-12T23:59:59+00:00"
generated_at: "2026-06-15T02:03:42.201667+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# DXP Q1 2023 sales up 32.8% YoY to $424.3M; net income rises to $17.6M

## Summary
- Sales $424.3M, up 32.8% year-over-year and 4.4% sequentially.
- GAAP diluted EPS $0.95; net income $17.6M compared to $12.6M in Q1 2022.
- Adjusted EBITDA $43.1M; free cash flow $22.6M.
- Cash balance $58.3M as of March 31, 2023.

## SEC filing metadata
- accession: 0001020710-23-000058
- form_type: 8-K
- ticker: DXPE
- cik: 0001020710
- company_name: DXP ENTERPRISES INC
- filed_at: 2023-05-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1020710/000102071023000058/0001020710-23-000058-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1020710/000102071023000058/dxpe-20230512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001020710-23-000058
- JSON: https://secwatch.observer/filing/0001020710-23-000058.json
- Plain text: https://secwatch.observer/filing/0001020710-23-000058.txt

## Key facts
- Earnings Releases
  DXP ENTERPRISES INC reported the first quarter ended March 31, 2023 results: revenue $424.3 million, net income $17.6 million, EPS $0.95.
  - Period: the first quarter ended March 31, 2023
  - Revenue: $424.3 million
  - Net income: $17.6 million
  - EPS: $0.95
  - Result: reported results
  source text: CONTACT: Kent Yee Senior Vice President, CFO www.dxpe.com THE INDUSTRIAL DISTRIBUTION EXPERTS DXP ENTERPRISES, INC. REPORTS FIRST QUARTER 2023 RESULTS • $58.3 million in cash • $424.3 million in sales, a 4.4 percent sequential and 32.8 percent year-over-year increase • Net income of $17.6 million versus $12.6 million compared to Q1 2022 • GAAP diluted EPS of $0.95 •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1020710/000102071023000058/0001020710-23-000058-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.