QUARTERLY FINANCIAL INFORMATION (unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

QUARTERLY FINANCIAL INFORMATION (unaudited)

QUARTERLY FINANCIAL INFORMATION (unaudited)

Summarized quarterly financial information for the years ended December 31, 2019, 2018 and 2017 is as follows (in millions, except per share data):

	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
2019
Sales	$	311.2	$	333.3	$	327.2	$	295.5
Gross profit	84.2		92.0		92.7		78.3
Net income	7.3		13.4		13.2		2.1
Net income attributable to DXP Enterprises, Inc.	7.3		13.4		13.1		2.2
Earnings per share - basic	0.41		0.76		0.74		0.12
Earnings per share - diluted	$	0.40	$	0.73	$	0.71	$	0.12
2018
Sales	$	285.9	$	311.2	$	308.0	$	311.0
Gross profit	76.4		85.1		84.1		86.6
Net income	4.5		11.6		8.4		11.1
Net income attributable to DXP Enterprises, Inc.	4.6		11.6		8.4		11.1
Earnings per share - basic	0.26		0.66		0.48		0.63
Earnings per share - diluted	$	0.25	$	0.63	$	0.46	$	0.60
2017
Sales	$	238.5	$	250.7	$	251.9	$	265.7
Gross profit	64.5		68.9		67.0		71.2
Net income	3.1		4.1		3.0		6.6
Net income attributable to DXP Enterprises, Inc.	3.0		4.0		2.9		6.6
Earnings per share - basic	0.18		0.24		0.17		0.38
Earnings per share - diluted	$	0.17	$	0.23	$	0.16	$	0.37

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.