HOUSTON--(BUSINESS WIRE)--
DXP Enterprises, Inc. (NASDAQ: DXPE) today announces DXP’s Board
of Directors authorized the repurchase of up to 400,000 shares of DXP’s
common stock. Under the authorization, the Company from time to time,
over the next 24 months, would repurchase shares in the open market or
through privately negotiated transactions depending on market conditions
and other relevant factors. The primary purpose of the share repurchase
plan is to offset potential dilution from shares issued under DXP’s
Restricted Stock Plan. The repurchase plan which was authorized in May,
2014 has been completed.
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 and Mexico. 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, 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.For more information, review
the Company’s filings with the Securities and Exchange Commission.
DXP Enterprises, Inc.
Mac McConnell, 713-996-4700
Senior Vice
President, Finance & CFO
www.dxpe.com
Source: DXP Enterprises, Inc.