By Terell Wright
DXP Enterprises shares fell after the company reported lower-than-expected third-quarter adjusted earnings.
Shares were down 20% to $101.40, though are up 25% year to date.
The industrial-distribution company on Thursday reported a third-quarter profit of $21.6 million, or $1.31 a share, compared with $21.1 million, or $1.27 a share, a year earlier.
Stripping out certain items, adjusted earnings were $1.34 a share, missing analysts' expectations of $1.53 a share, according to FactSet.
Revenue rose 8.6% to $513.7 million, above Wall Street's forecast of $502.5 million.
Revenue grew in the company's service centers and innovative-pumping-solutions segments, but fell in the supply-chain-services division.
The Houston company said it expects more acquisitions to come after having completed several in the third and fourth quarters.
Write to Terell Wright at terell.wright@wsj.com
(END) Dow Jones Newswires
November 06, 2025 14:42 ET (19:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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