DXP Enterprises reported strong second quarter 2026 results, with sales rising 15.6% year-over-year, driven by 11.1% organic growth and recent acquisitions. The company achieved a record adjusted EBITDA margin of 12.2%. The Innovative Pumping Solutions segment led performance with 52.6% year-over-year growth, fueled by water and wastewater activity. The DXP Water platform delivered its 15th consecutive quarter of sequential sales growth, nearly doubling revenue year-over-year. Free cash flow improved significantly to $56 million in the first half of 2026, compared to negative $8.6 million in the prior year period. DXP increased its asset-based lending facility to $225 million and received a credit rating upgrade to B+ from S&P Global. The company completed the acquisition of Mequipco Limited on 1 August 2026, expanding its Canadian market presence.

DXP Enterprises reported strong second-quarter results, with sales rising 15.6% year over year to $576.5 million. Net income increased to $28.7 million, and diluted earnings per share rose to $1.76 from $1.43 in the prior-year quarter. Adjusted EBITDA reached $70.4 million, with the margin hitting a company-record 12.2%. Management believes it can sustain this 12% margin over the longer term. The Innovative Pumping Solutions segment led growth, with sales jumping 52.6% to $142.7 million. DXP Water generated approximately $97 million in second-quarter sales, marking its 15th consecutive quarter of sequential growth. Free cash flow improved to $29.8 million from $8.3 million in the prior-year quarter. The company completed four acquisitions during the first half and subsequently acquired Canadian company Mequipco to expand its water platform.

HOUSTON--(BUSINESS WIRE)--Aug 4, 2026-- DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that it has completed the acquisition of Mequipco Ltd. (“Mequipco”).