<SEC-DOCUMENT>0001157523-16-006491.txt : 20160809
<SEC-HEADER>0001157523-16-006491.hdr.sgml : 20160809
<ACCEPTANCE-DATETIME>20160809160037
ACCESSION NUMBER:		0001157523-16-006491
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160809
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20160809
DATE AS OF CHANGE:		20160809

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DXP ENTERPRISES INC
		CENTRAL INDEX KEY:			0001020710
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-INDUSTRIAL MACHINERY & EQUIPMENT [5084]
		IRS NUMBER:				760509661
		STATE OF INCORPORATION:			TX
		FISCAL YEAR END:			0727

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21513
		FILM NUMBER:		161817784

	BUSINESS ADDRESS:	
		STREET 1:		7272 PINEMONT DRIVE
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77040
		BUSINESS PHONE:		7139964700

	MAIL ADDRESS:	
		STREET 1:		7272 PINEMONT DRIVE
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77040

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	INDEX INC
		DATE OF NAME CHANGE:	19960808
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51399119.htm
<DESCRIPTION>DXP ENTERPRISES, INC. 8-K
<TEXT>
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      <font style="font-size: 16pt">UNITED STATES SECURITIES AND EXCHANGE
      COMMISSION</font><font style="font-size: 16pt"><br style="font-size: 16pt"></font><font style="font-size: 16pt">Washington,
      D.C. 20549</font><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 16pt"><b>Form 8-K</b></font><br><br>
    </p>
    <p style="text-align: center">
      <b>CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934</b><br><b>Date of Report (date of earliest event
      reported):&#160;&#160;<font style="font-size: 10pt; font-family: Times New Roman">August
      9, 2016</font></b><br>
    </p>
    <p style="text-align: center">
      <br>
      <b>Commission file number 0-21513</b><br><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 18pt"><b>DXP Enterprises, Inc.</b></font><br><i>(Exact
      name of registrant as specified in its charter)</i><br><br>
    </p>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Texas</b>
          </p>
        </td>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>76-0509661</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="top">
          (State or other jurisdiction of incorporation or organization)
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="top">
          (I.R.S. Employer Identification Number)
        </td>
      </tr>
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        <td style="width: 50%">

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          &#160;
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        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>7272 Pinemont, Houston, Texas 77040</b>
          </p>
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>(713) 996-4700</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            (Address of principal executive offices)
          </p>
        </td>
        <td style="text-align: center; padding-left: 0.0px; width: 50%" valign="top">
          Registrant&#8217;s telephone number, including area code.
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      _________________________
    </p>
    <p style="text-align: center">
      Registrant&#8217;s telephone number, including area code:<br><b>(713)
      996-4700</b><br>_________________________
    </p>
    <p style="text-align: center">

    </p>
    <p>
      Check the appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions:
    </p>
    <p style="white-space: nowrap">
      [&#160;&#160;]&#160;&#160;Written communications pursuant to Rule 425 under the Securities
      Act (17 CFR 230.425)<br>[&#160;&#160;]&#160;&#160;Soliciting material pursuant to Rule
      14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>[&#160;&#160;]&#160;&#160;Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))<br>[&#160;&#160;]&#160;&#160;Pre-commencement communications pursuant to Rule
      13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
    </p>
    <p style="white-space: nowrap">

    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
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        <div style="text-align: left">

        </div>
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        <div style="text-align: center">

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          <hr style="height: 1.5pt; color: black">

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        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="text-align: justify">

    </p>
    <p style="text-align: justify">
      <b>ITEM 2.02 REGULATION FD DISCLOSURE</b>
    </p>
    <p style="text-align: justify">
      The following information is furnished pursuant to Regulation FD.
    </p>
    <p style="text-align: justify">
      On August 9, DXP Enterprises, Inc., issued a press release announcing
      financial results for the quarter ended June 30, 2016 and a conference
      call in connection therewith. A copy of the release is furnished
      herewith as Exhibit 99.1, and incorporated herein by reference. Such
      exhibit (i) is furnished pursuant to Item 2.02 of Form 8-K, (ii) is not
      to be considered &#8220;filed&#8221; under the Securities Exchange Act of 1934, as
      amended (the &#8220;Exchange Act&#8221;) and (iii) shall not be incorporated by
      reference into any previous or future filings made by or to be made by
      the Company with the Securities and Exchange Commission under the
      Securities Act of 1933, as amended (the &#8220;Securities Act&#8221;), or the
      Exchange Act.
    </p>
    <p>
      <b>ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS</b>
    </p>
    <p>
      (d) <i>Exhibits.</i>
    </p>
    <p>
      99.1&#160;&#160;&#160;&#160;&#160;&#160;Press Release dated August 9, 2016 announcing the earnings
      results for the second quarter ended June 30, 2016.
    </p>
    <p>

    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <b>SIGNATURES</b>
    </p>
    <p style="text-align: justify">
      Pursuant to the requirements of the Securities Exchange Act of 1934, as
      amended, the Registrant has duly caused this report to be signed on its
      behalf by the undersigned hereunto duly authorized.<br><br>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="text-align: justify">
            DXP ENTERPRISES, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="text-align: justify">
            (Registrant)
          </p>
        </td>
      </tr>
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        <td style="text-align: left; padding-left: 0.0px; width: 3%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 97%">

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          <p style="margin-bottom: 0px; margin-top: 0px">
            By:
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 97%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u>/s/ Mac McConnell</u>
          </p>
        </td>
      </tr>
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          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 10.0px; width: 97%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Mac McConnell
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 3%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 10.0px; width: 97%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Senior Vice President/Chief Financial Officer
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 3%">

        </td>
        <td style="width: 97%">
          &#160;
        </td>
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        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="text-align: justify">
            Dated: August 9, 2016
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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        <div style="text-align: center">

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          <hr style="height: 1.5pt; color: black">

        </div>
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        <div style="text-align: right">

        </div>
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    </div>
    <p style="text-align: center">

    </p>
    <p style="text-align: center">
      <b>INDEX TO EXHIBITS</b>
    </p>
    <p style="text-align: justify">
      <b>Introductory Note:&#160;&#160;</b>The following exhibit is furnished
      pursuant to Item 2.02 of Form 8-K and is not to be considered &#8220;filed&#8221;
      under the Exchange Act and shall not be incorporated by reference into
      any of the Company&#8217;s previous or future filings under the Securities Act
      or the Exchange Act.<br><br>
    </p>
<div style="text-align:left">
    <table style="font-size: 10pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td style="text-align: left; padding-left: 0.0px; width: 15%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><i><b>Exhibit No.</b></i></u>
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 85%" valign="top">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <u><i><b>Description</b></i></u>
          </p>
        </td>
      </tr>
      <tr>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px; width: 15%" valign="top">
          <p style="text-align: justify">
            99.1
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px; width: 85%" valign="top">
          <p style="text-align: justify">
            Press Release dated August 9, 2016 announcing the earnings results
            for the quarter ended June 30, 2016.
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51399119ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-size: 12pt; font-family: Times New Roman"><b>DXP
      Enterprises Announces 2016 Second Quarter Results</b></font>
    </p>
    <p>
      HOUSTON--(BUSINESS WIRE)--August 9, 2016--<b>DXP Enterprises, Inc.
      (NASDAQ: DXPE)</b> today announced financial results for the second
      quarter ended June 30, 2016. The following are results for the three and
      six months ended June 30, 2016 compared to the three and six months
      ended June 30, 2015 and three months ended March 31, 2016, where
      appropriate. A reconciliation of the non-GAAP financial measures is in
      the back of this press release.
    </p>
    <p>
      <b>DXP Enterprises 2016 second quarter financial highlights:</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Sales were $256.2 million for the second quarter of 2016 versus $253.6
        million for the first quarter of 2016, an increase of 1.0 percent.
        Compared to the second quarter of 2015 sales of $323.7 million, sales
        were down 20.8 percent.
      </li>
      <li style="margin-bottom: 10.0px">
        Gross profit was $71.6 million, or 27.9 percent of sales for the
        second quarter of 2016 versus $68.8 million for the first quarter of
        2016, or 27.1 percent of sales. Gross profit was $91.3 million or 28.2
        percent of sales for the second quarter of 2015.
      </li>
      <li style="margin-bottom: 10.0px">
        Selling, general &amp; administrative (SG&amp;A) expenses were $62.8 million,
        or 24.5 percent of sales for the second quarter of 2016, compared to
        $77.3 million or 23.9 percent of sales for the second quarter of 2015.
        In the first quarter of 2016, SG&amp;A was 27.9 percent of sales or $70.8
        million.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating income was $8.8 million for the current quarter, compared to
        $14.0 million for the second quarter of 2015. Operating profit as a
        percentage of sales was 3.4 percent and 4.3 percent in 2016 and 2015,
        respectively.
      </li>
      <li style="margin-bottom: 10.0px">
        Earnings per diluted share for the second quarter was $0.34, based on
        15.3 million diluted shares, compared to a loss of $0.35 per share in
        the first quarter of 2016, based on 14.5 million diluted shares. In
        the second quarter of 2015, earnings per diluted share was $0.47 per
        share on 15.2 million shares.
      </li>
      <li style="margin-bottom: 10.0px">
        Earnings before interest, taxes, depreciation and amortization
        (EBITDA) for the quarter was $16.3 million compared to $5.7 million in
        the first quarter of 2016. EBITDA as a percentage of sales was 6.4 and
        2.2 percent, respectively for the second and first quarter of 2016.
      </li>
      <li style="margin-bottom: 10.0px">
        Free cash flow (cash flow from operating activities less capital
        expenditures) for the second quarter was $17.7 million or 109 percent
        of EBITDA
      </li>
    </ul>
    <p>
      David R. Little, Chairman and CEO, remarked, &#8220;We are pleased with the
      second quarter performance. Total DXP revenue of $256.2 million for the
      second quarter was up 1.0 percent sequentially. We feel strongly that
      our sales team is taking market share as we continue to battle
      volatility in our industrial markets. We appreciate the continued hard
      work of our DXPeople and the support of our suppliers during these tough
      economic times. We managed expenses tightly in the quarter given the
      continued low sales volume. During the second quarter sales were $161.8
      million for Service Centers, $54.4 million for Innovative Pumping
      Solutions and $40.0 million for Supply Chain Services. The market
      continues to show volatility and remains uncertain but we are responding
      by aggressively removing costs and improving operations. Our goal is to
      take market share, manage working capital, capital expenditures and cash
      flow in order to maximize our return on invested capital for our
      shareholders. Despite the challenging environment, we remain confident
      in our future and the opportunities ahead for DXP. With the work we have
      done and continue to do in terms of managing costs, aligning the
      business and strategically positioning our product segments, DXP is
      poised for the earnings leverage and sales growth that we are accustomed
      to delivering once the market turns.&#8221;
    </p>
    <p>
      Mac McConnell, CFO, added, &quot;Diluted earnings per share during the second
      quarter was $0.34. This was the result of sequential improvement on the
      gross margin line and significant reductions within selling, general and
      administrative expenses. Gross margins improved 81 basis points
      sequentially, despite the challenging market environment. Selling,
      general and administrative expenses declined significantly
      year-over-year due to our focus on managing costs and maximizing our
      sales efforts to grow. Free cash flow for the quarter was $17.7 million.
      As we move forward, we will keep our focus on costs and maintaining and
      improving cash flow.&quot;
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
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        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      We will host a conference call regarding 2016 second quarter financial
      results on the Company&#8217;s website (<u>www.dxpe.com</u>) Tuesday,
      August 9, 2016 at 4pm CST. Web participants are encouraged to go to the
      Company&#8217;s website at least 15 minutes prior to the start of the call to
      register, download and install any necessary audio software. The online
      archived replay will be available immediately after the conference call
      at <u>www.dxpe.com</u> and at <u>www.viavid.net</u>.
    </p>
    <p>
      <b>DXP Enterprises 2016 second quarter business segment results:</b>
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        <u><i>Service Centers&#8217;</i></u> revenue for the second quarter
        was $161.8 million, a decline of 3.4 percent sequentially with a 7.8
        percent operating income margin.
      </li>
      <li style="margin-bottom: 10.0px">
        <u><i>Innovative Pumping Solutions&#8217;</i></u> revenue for the
        second quarter was $54.4 million, an increase of 14.6 percent
        sequentially with a 10.1 percent operating income margin.
      </li>
      <li style="margin-bottom: 10.0px">
        <u><i>Supply Chain Services&#8217;</i></u> revenue for the second
        quarter was $40.0 million, an increase of 3.6 percent sequentially
        with a 10.5 percent operating margin.
      </li>
    </ul>
    <p>
      <b>Non-GAAP Financial Measures</b>
    </p>
    <p>
      DXP supplements reporting of net income (loss) with non-GAAP
      measurements, including EBITDA, Adjusted EBITDA and free cash flow. This
      supplemental information should not be considered in isolation or as a
      substitute for the unaudited GAAP measurements.&#160;Additional information
      regarding EBITDA and Adjusted EBITDA referred to in this press release
      is included below under &quot;--Reconciliation of Non-GAAP Measures.&quot;
    </p>
    <p>
      <b>About DXP Enterprises, Inc.</b>
    </p>
    <p>
      DXP Enterprises, Inc. is a leading products and service distributor that
      adds value and total cost savings solutions to industrial customers
      throughout the United States, Canada, Mexico and Dubai. DXP provides
      innovative pumping solutions, supply chain services and maintenance,
      repair, operating and production (&quot;MROP&quot;) services that emphasize and
      utilize DXP&#8217;s vast product knowledge and technical expertise in rotating
      equipment, bearings, power transmission, metal working, industrial
      supplies and safety products and services. DXP's breadth of MROP
      products and service solutions allows DXP to be flexible and
      customer-driven, creating competitive advantages for our customers.
      DXP&#8217;s business segments include Service Centers, Innovative Pumping
      Solutions and Supply Chain Services. For more information, go to <u>www.dxpe.com</u>.
    </p>
    <p>
      <i>The Private Securities Litigation Reform Act of 1995 provides a
      &#8220;safe-harbor&#8221; for forward-looking statements. Certain information
      included in this press release (as well as information included in oral
      statements or other written statements made by or to be made by the
      Company) contains statements that are forward-looking. Such
      forward-looking information involves important risks and uncertainties
      that could significantly affect anticipated results in the future; and
      accordingly, such results may differ from those expressed in any
      forward-looking statement made by or on behalf of the Company. These
      risks and uncertainties include, but are not limited to; ability to
      obtain needed capital, dependence on existing management, leverage and
      debt service, domestic or global economic conditions, and changes in
      customer preferences and attitudes. For more information, review the
      Company&#8217;s filings with the Securities and Exchange Commission.</i>
    </p>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
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        </div>
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    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
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          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="18">
          <b>DXP ENTERPRISES, INC. AND SUBSIDIARIES</b>

          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>CONSOLIDATED STATEMENTS OF OPERATIONS</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>($ thousands, except per share amounts)</i>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>(unaudited)</i>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="7">
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Three Months Ended</b><br><b>June 30,</b>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Six Months Ended</b><br><b>June 30,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2016</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2016</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2015</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          256,215
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          323,688
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          509,776
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          665,282
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Cost of sales
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          184,612
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          232,389
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          369,355
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          475,934
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Gross profit
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          71,603
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          91,299
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          140,421
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          189,348
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Selling, general and administrative expenses
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          62,754
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          77,304
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          133,574
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          157,254
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Operating income (loss)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          8,849
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          13,995
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,847
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          32,094
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Other expense (income), net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          9
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (145
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (146
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (394
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Interest expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          3,951
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          2,592
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          7,360
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          5,275
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Income (loss) before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          4,889
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          11,548
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (367
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          27,213
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Provision (benefit) for income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (197
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          4,381
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (205
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          10,395
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net income (loss)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          5,086
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          7,167
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (162
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          16,818
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Less: Net income (loss) attributable to non-controlling interest
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (84
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (220
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          -
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Net income (loss) attributable to DXP Enterprises, Inc.
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          5,170
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          7,167
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          58
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          16,818
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Preferred stock dividend
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          22
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          22
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          45
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          45
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="bottom">
          Net income (loss) attributable to common shareholders
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            5,148
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            7,145
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            13
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            $
          </p>
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            16,773
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Diluted earnings (loss) per share attributable to DXP Enterprises,
            Inc.
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          0.34
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          0.47
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          0.00
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          1.11
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            Weighted average common shares and common equivalent shares
            outstanding
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            15,343
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            15,208
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            15,334
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          <p style="margin-bottom: 0px; margin-top: 0px">
            &#160;
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            15,220
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="7">

        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="18">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>SEGMENT DATA</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            <i>($ thousands, unaudited)</i>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="6">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="6">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Sales</b><br><b>by Segment</b><br><b>Three Months Ended</b><br><b>June
            30,</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Operating Income</b><br><b>by Segment</b><br><b>Three Months
            Ended</b><br><b>June 30,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2016</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2015</b>
          </p>
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2016</b>
          </p>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2015</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Service Centers
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          161,832
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          214,116
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          12,597
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          21,119
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Innovative Pumping Solutions
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          54,353
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          66,905
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          5,487
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          5,912
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Supply Chain Services
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          40,030
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          42,667
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          4,202
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          3,736
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          Total
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          256,215
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          323,688
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          22,286
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          30,767
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="6">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="6">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Sales</b><br><b>by Segment</b><br><b>Six Months Ended</b><br><b>June
            30,</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Operating Income</b><br><b>by Segment</b><br><b>Six Months Ended</b><br><b>June
            30,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2016</b>
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2015</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2016</b>
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2015</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Service Centers
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          329,334
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          439,907
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          22,134
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          43,985
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Innovative Pumping Solutions
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          101,784
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          141,169
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          5,793
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          14,539
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Supply Chain Services
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          78,658
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          84,206
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          7,682
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          7,014
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          Total
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          509,776
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          665,282
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          35,609
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          65,538
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="6">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td colspan="18">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="18">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Reconciliation of Operating Income for Reportable Segments</b>
          </p>
          <p style="margin-bottom: 0px; margin-top: 0px">
            ($ thousands, unaudited)
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="6">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="7">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="6">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Three Months Ended</b><br><b>June 30,</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="top" colspan="7">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Six Months Ended</b><br><b>June 30,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2016</b>
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2015</b>
          </p>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2016</b>
          </p>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>2015</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Operating income for reportable segments
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          22,286
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          30,767
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          35,609
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          65,538
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          <i>Adjustment for:</i>
        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px" valign="top">
          Amortization of intangibles
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          4,510
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          5,309
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          9,038
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          10,667
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 10.0px; padding-bottom: 2.0px" valign="top">
          Corporate expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          8,927
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          11,463
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          19,724
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          22,777
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Total operating income (loss)
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          8,849
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          13,995
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          6,847
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          32,094
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Interest expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          3,951
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          2,592
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          7,360
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          5,275
        </td>
        <td>

        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Other expense (income), net
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          9
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (145
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (146
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          (394
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: left; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          )
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 4.0px" valign="top">
          Income (loss) before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          4,889
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          11,548
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          (367
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: left; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 2.25pt; text-align: right; padding-left: 0.0px; border-bottom-style: double" valign="bottom">
          27,213
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 2.25pt; border-bottom-style: double">
          &#160;
        </td>
      </tr>
    </table>
    </div>
    <div style="margin-right: 0pt; margin-bottom: 10pt; margin-left: 0pt; width: 100%; text-indent: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
<div style="text-align:left">
    <table style="font-size: 8pt; margin-bottom: 10.0px; font-family: Times New Roman; width: 100%" cellspacing="0">
      <tr>
        <td colspan="15">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: center; padding-left: 0.0px" valign="top" colspan="15">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Unaudited Reconciliation of Non-GAAP Financial Information</b>
          </p>
        </td>
      </tr>
      <tr>
        <td colspan="15">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="15">
          <p style="margin-bottom: 0px; margin-top: 0px">
            The following table is a reconciliation of EBITDA and Adjusted
            EBITDA**, non-GAAP financial measures, to income before income
            taxes, calculated and reported in accordance with U.S. GAAP <i>($
            thousands)</i>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>
          &#160;
        </td>
        <td>
          &#160;
        </td>
        <td colspan="5">

        </td>
        <td>
          &#160;
        </td>
        <td colspan="6">

        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="top" colspan="5">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Three Months Ended</b><br><b>June 30,</b>
          </p>
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="top" colspan="6">
          <p style="margin-bottom: 0px; margin-top: 0px">
            <b>Six Months Ended</b><br><b>June 30,</b>
          </p>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>2016</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>2015</b>
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="3">
          <b>2016</b>
        </td>
        <td>
          &#160;
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: center; padding-left: 0.0px; border-bottom-style: solid" valign="bottom" colspan="2">
          <b>2015</b>
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Income (loss) before income taxes
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          4,889
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          11,548
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          (367
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: left; padding-left: 0.0px" valign="bottom">
          )
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          27,213
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Plus: interest expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          3,951
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          2,592
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          7,360
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          5,275
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Plus: depreciation and amortization
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          7,489
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          8,327
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          15,035
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          16,586
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          EBITDA
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          16,329
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          22,467
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          22,028
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          49,074
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Plus: NCI loss before tax
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          133
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          345
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          -
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top">
          Plus: Stock compensation expense
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          487
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          723
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,253
        </td>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; text-align: right; padding-left: 0.0px" valign="bottom">
          1,557
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="3">
          &#160;
        </td>
        <td>

        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          Adjusted EBITDA
        </td>
        <td>

        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          16,949
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          23,190
        </td>
        <td>

        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          23,626
        </td>
        <td style="border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid">
          &#160;
        </td>
        <td>

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        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          $
        </td>
        <td style="white-space: nowrap; padding-right: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; text-align: right; padding-left: 0.0px; border-bottom-style: solid" valign="bottom">
          50,631
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

        </td>
        <td>

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        <td>

        </td>
        <td colspan="2">

        </td>
        <td>

        </td>
        <td colspan="2">

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        <td>

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        <td colspan="3">

        </td>
        <td>

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        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td>

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        <td>

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        <td>

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        <td colspan="2">

        </td>
        <td>

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        <td colspan="2">

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        <td>

        </td>
        <td colspan="3">

        </td>
        <td>

        </td>
        <td colspan="2">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="15">
          **EBITDA &#8211; earnings before impairments, interest, taxes,
          depreciation and amortization
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
    <p>
      CONTACT:<br>DXP Enterprises, Inc.<br>Mac McConnell, 713-996-4700<br>Senior
      Vice President, Finance &amp; CFO<br><u>www.dxpe.com</u>
    </p>
    <p style="text-align: right">

    </p>
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</DOCUMENT>
</SEC-DOCUMENT>
