QUARTERLY FINANCIAL INFORMATION (Unaudited)

12 Months Ended

Dec. 31, 2017

QUARTERLY FINANCIAL INFORMATION (Unaudited) [Abstract]

QUARTERLY FINANCIAL INFORMATION (Unaudited)

NOTE 19 - QUARTERLY FINANCIAL INFORMATION (unaudited)

Summarized quarterly financial information for the years ended December 31, 2017, 2016 and 2015 is as follows (in millions, except per share data):

	First Quarter			Second Quarter		Third Quarter			Fourth Quarter
2017
Sales	$	238.5		$	250.7	$	251.9		$	265.7
Gross profit		64.5			68.9		67.0			71.2
Net income (loss)		3.1			4.1		3.0			6.6
Net income (loss) attributable to DXP Enterprises, Inc.		3.0			4.0		2.9			6.6
Earnings (loss) per share - basic	$	0.18		$	0.24	$	0.17		$	0.38
Earnings (loss) per share - diluted	$	0.17		$	0.23	$	0.16		$	0.37
2016
Sales	$	253.6		$	256.2	$	230.0		$	222.3
Gross profit		68.8			71.6		63.8			60.6
Net income (loss)		(5.2	)		5.1		0.1			7.1
Net income (loss) attributable to DXP Enterprises, Inc.		(5.1	)		5.1		0.2			7.4
Earnings (loss) per share - basic	$	(0.36	)	$	0.36	$	0.02		$	0.44
Earnings (loss) per share - diluted	$	(0.36	)	$	0.34	$	0.02		$	0.42
2015
Sales	$	341.6		$	323.7	$	303.1		$	278.6
Gross profit		98.1			91.3		85.7			76.9
Impairment expense		-			-		58.9			9.8
Net income (loss)		9.7			7.2		(52.7	)		(3.2	)
Net income (loss) attributable to DXP Enterprises, Inc.		9.7			7.2		(52.4	)		(3.0	)
Earnings (loss) per share - basic	$	0.67		$	0.50	$	(3.64	)	$	(0.20	)

The sum of the individual quarterly earnings per share amounts may not agree with year-to-date earnings per share as each quarter’s computation is based on the weighted average number of shares outstanding during the quarter, the weighted average stock price during the quarter and the dilutive effects of the stock options and restricted stock in each quarter.