Tranche Update on DXP Enterprises, Inc.'s Equity Buyback Plan announced on December 15, 2022.
November 09, 2023 at 05:06 pm EST
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From July 1, 2023 to September 30, 2023, the company has repurchased 618,282 shares, representing 3.68% for $21.44 million. With this, the company has completed the repurchase of 2,517,577 shares, representing 14.19% for $77.28 million under the buyback announced on December 15, 2022.
DXP Enterprises, Inc. is a products and service distributor that offers solutions to industrial customers. It provides pumping solutions, supply chain services and maintenance, repair, operating and production (MROP) services. It has three segments: Service Centers (SC), Innovative Pumping Solutions (IPS) and Supply Chain Services (SCS). SC segment is engaged in providing MRO products, equipment and services, including technical expertise and logistics capabilities, to a variety of customers serving varied end markets with the ability to provide same day delivery. IPS segment provides integrated, custom pump skid packages, pump remanufacturing and manufactures branded private label pumps. SCS segment provides fully outsourced MRO solutions for sourcing MRO products, including inventory optimization and management, storeroom management, transaction consolidation and control, vendor oversight and procurement cost optimization, productivity improvement services, and customized reporting.
DXP ENTERPRISES, INC. 
