EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2025

Basic earnings per share is computed based on weighted average shares outstanding and excludes dilutive securities. Diluted earnings per share is computed including the impacts of all potentially dilutive securities.

The following table sets forth the computation of basic and diluted earnings per share for the periods indicated (in thousands, except per share data):


	Three Months Ended March 31,
	2025		2024
Basic earnings per share:
Weighted average shares outstanding	15,698		16,128
Net income attributable to DXP Enterprises, Inc.	$	20,589	$	11,332
Convertible preferred stock dividend	23		23
Net income attributable to common shareholders	$	20,566	$	11,309
Per share amount	$	1.31	$	0.70

Diluted earnings per share:
Weighted average shares outstanding	15,698		16,128
Assumed conversion of convertible preferred stock	840		840
Total dilutive shares	16,538		16,968
Net income attributable to common shareholders	$	20,566	$	11,309
Convertible preferred stock dividend	23		23
Net income attributable to DXP Enterprises, Inc.	$	20,589	$	11,332
Per share amount	$	1.25	$	0.67

As of March 31, 2025 and 2024, the weighted average of the unvested restricted stock awards ("RSAs") were 302,647 and 296,425 shares, respectively. The preferred stock is convertible into 840,000 shares of common stock.