DXP Enterprises announces $85M share repurchase program, replacing completed $85M program

DXP ENTERPRISES INC

Board authorizes repurchase of up to $85M or 2.5M shares over 24 months in open-market or private transactions.
Prior $85M program completed, repurchasing 2.8M shares since December 2022.
DXP had ~16.7M diluted weighted average shares outstanding as of June 30, 2024.
Management cites confidence in business, cash flow, and commitment to opportunistic capital allocation.

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