HOUSTON--(BUSINESS WIRE)--
DXP Enterprises, Inc. (NASDAQ: DXPE) today issued an announcement
regarding the impact of Hurricane Harvey.
DXP’s thoughts and prayers are with those that have been and continue to
be affected by Hurricane Harvey and the devastating flooding in Houston
and surrounding communities. We would like to thank everyone for the
outpouring of concern directed towards DXP and our employees. We have
received countless calls, emails and texts from our fellow employees,
business associates, customers and vendors. It has been truly touching
to see the outpouring of support to ensure of the safety and care of our
DXPeople. A majority of all of our employees have been accounted for and
are safe. A number of employees have suffered significant material
losses but nothing that cannot ultimately be replaced. Our corporate
office is working with everyone to ensure that anything that can be done
to help our employees and customers is being provided and getting done
in a timely matter.
Our facilities have been extremely fortunate as we did not have any
material flooding or damage. We are open for business! While
there will be some minor logistical delays navigating inside and outside
of Houston and the Gulf Coast region, our supply chain remains intact.
For our customers, we will be notifying them if there will be any impact
to their specific projects. We are currently projecting no significant
delays. Our capacity has not been compromised and DXP will proceed with
business as usual.
Thank you again for all your support. The Gulf Coast is resilient,
DXPeople are resilient and we will come through this together. It will
take all businesses, government agencies and volunteers working together
to rebuild our Gulf Coast communities. If you have any questions, please
do not hesitate to call your DXP contact.
About DXP Enterprises, Inc.
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 ("MROP") services that emphasize and
utilize DXP’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’s business segments include Service Centers, Innovative Pumping
Solutions and Supply Chain Services. For more information, go to www.dxpe.com.
The Private Securities Litigation Reform Act of 1995 provides a
“safe-harbor” 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. In some cases, you can identify
forward-looking statements by terminology such as, but not limited to,
“may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,”
“believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or
the negative of such terms or other comparable terminology. For more
information, review the Company’s filings with the Securities and
Exchange Commission.
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Source: DXP Enterprises, Inc.