DXPE Stock - DXP Enterprises Inc.

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DXPE Profile

DXP Enterprises, Inc., along with its subsidiaries, specializes in the distribution of maintenance, repair, and operating (MRO) products, equipment, and services to energy and industrial sectors primarily in the United States and Canada. The company operates through three main segments: Service Centers (SC), Supply Chain Services (SCS), and Innovative Pumping Solutions (IPS). The SC segment provides a broad range of MRO products and integrated services, including technical expertise and logistics. This segment caters to customers across various industries such as oil and gas, food and beverage, petrochemical, transportation, mining, construction, chemical, municipal, agriculture, and pulp and paper, offering products in rotating equipment, bearings, power transmission, hoses, fluid power, metalworking, fasteners, industrial supplies, and safety products.

The Supply Chain Services (SCS) segment of DXP Enterprises focuses on procurement and inventory management solutions, providing outsourced MRO services that include inventory optimization and management, storeroom management, transaction consolidation and control, vendor oversight, procurement cost optimization, productivity enhancement, and customized reporting. Its programs, such as SmartAgreement, SmartBuy, SmartSource, SmartStore, SmartVend, and SmartServ, deliver comprehensive procurement and management solutions tailored to various MRO categories, enhancing efficiency and reducing costs for clients.

The Innovative Pumping Solutions (IPS) segment is dedicated to the fabrication and asembly of custom pumpp packages, the remanufacturing of pumps, and the production of branded private label pumps. Founded in 1908 and headquartered in Houston, Texas, DXP Enterprises has established itself as a key player in the MRO industry, leveraging over a century of expertise to provide innovative and reliable solutions to its diverse customer base across North America.

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