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    Zach Marriott • Stephens Inc.

    Zach Marriott's questions to DXP Enterprises Inc (DXPE) leadership

    Zach Marriott's questions to DXP Enterprises Inc (DXPE) leadership • Q2 2025

    Question

    Zach Marriott of Stephens Inc. inquired about monthly daily sales trends for the second quarter and July, the potential for margin shifts in the third quarter, and whether management is observing any customer spending hesitation due to macroeconomic or tariff uncertainty.

    Answer

    SVP & CFO Kent Yee provided specific daily sales figures, noting $7.81M for April, $7.55M for May, $8.37M for June, and an estimated $7.25M for July. He also stated that margins should continue to benefit from accretive acquisitions. Chairman & CEO David Little added that the company is not seeing a slowdown in customer spending, highlighting a record-high backlog and a bookings-to-billings ratio greater than one.

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    Zach Marriott's questions to DXP Enterprises Inc (DXPE) leadership • Q2 2025

    Question

    Zach Marriott of Stephens Inc. inquired about recent daily sales trends, the outlook for Q3 margins, and any signs of customer spending hesitation due to macro or tariff uncertainty.

    Answer

    CFO Kent Yee provided specific daily sales figures for Q2 and a flash for July, noting a typical month-end push in June. He also explained that margins should continue to benefit from accretive, higher-margin acquisitions. CEO David Little added that the company is not seeing a slowdown, citing a record backlog and a bookings-to-billings ratio greater than one as evidence of continued customer demand.

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    Zach Marriott's questions to Distribution Solutions Group Inc (DSGR) leadership

    Zach Marriott's questions to Distribution Solutions Group Inc (DSGR) leadership • Q4 2024

    Question

    Zach Marriott of KeyBanc Capital Markets inquired about the sequential trend in consolidated margins for Q1 versus Q4 and any significant factors in March that could alter that trend.

    Answer

    Executive Ronald Knutson stated that January's margin profile was consistent with Q4 and that he expects margins to lift as 2025 progresses, driven by synergies from 2024 acquisitions, with benefits from Source Atlantic being more second-half weighted. Executive John King added that while the first two months felt good, March is a critical month that will ultimately determine the quarter's final margin performance, noting that most end markets outside of military and C&I are trending positively.

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