DXP Enterprises authorizes up to $150M buyback
The authorization gives management up to 24 months to make discretionary purchases through open-market or privately negotiated transactions.
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Form Type
8-K
Rhea-AI Filing Summary
DXP Enterprises, Inc. (DXPE) announced that its board authorized a new share repurchase program allowing the company to acquire up to $150.0 million or 1.0 million shares of its outstanding common stock over the next 24 months, at management’s discretion. Purchases may occur from time to time at prevailing market prices through open-market or privately negotiated transactions, depending on market conditions. DXP said there is no guarantee as to the exact number of shares it will repurchase and that management may discontinue the program when it determines additional purchases are not warranted.
The previous program, which authorized repurchases of up to $85.0 million or 2.5 million shares, concluded in August 2026. DXP reported approximately 16.4 million diluted weighted average shares outstanding as of June 30, 2026. The company described repurchases as one part of its capital allocation alongside investment in organic growth, strategic acquisitions, and maintaining a prudent capital structure. Chief Financial Officer Kent Yee said DXP will evaluate repurchases against other investment opportunities and act when market conditions and expected returns make them an attractive use of capital.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
New program dollar limit: Up to $150.0 million
New program share limit: Up to 1.0 million shares
New program period: 24 months
+3 more
6 metrics
New program dollar limit
Up to $150.0 million
Authorized share repurchase program
New program share limit
Up to 1.0 million shares
Authorized share repurchase program
New program period
24 months
Program announced October 28, 2026
Previous program dollar limit
Up to $85.0 million
Previous program concluded in August 2026
Previous program share limit
Up to 2.5 million shares
Previous program concluded in August 2026
Diluted weighted average shares outstanding
Approximately 16.4 million shares
As of June 30, 2026
Key Terms
diluted weighted average shares outstanding, prevailing market prices, privately negotiated transactions
3 terms
prevailing market prices financial
"at prevailing market prices"
The current prices at which a security or asset is being actively bought and sold in the open market, reflecting real‑time supply and demand—like the price you’d pay for an item in a busy marketplace. Investors care because these prices determine what they can actually sell or buy, set the value of holdings for accounting and lending, and influence decisions about timing trades and measuring gains or losses.
privately negotiated transactions financial
"open-market or privately negotiated transactions"
Privately negotiated transactions are deals made directly between parties without involving a public marketplace or open auction. They are like private sales between two individuals rather than items sold at a busy marketplace open to everyone. For investors, these transactions can offer more tailored terms and privacy, but they may also carry different risks and less transparency compared to public exchanges.
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (date of earliest event reported): October 28, 2026
Commission file number 0-21513
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) | ||||
| | |||||||||||||||||
| (Address of principal executive offices) | (Registrant’s telephone number, including area code) | ||||||||||||||||
_________________________
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Exchange Act:
| Title of Each Class | Trading Symbol | Name of Exchange on which Registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ⃞
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
On October 28, 2026, DXP Enterprises, Inc. issued a press release announcing the Company’s plan to repurchase up to $150.0 million or 1.0 million shares of DXP outstanding common stock. Such exhibit (i) is furnished pursuant to Item 8.01 of Form 8-K, (ii) is not to be considered “filed” under the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and (iii) shall not be incorporated by reference into any previous or future filings made by or to be made by the Company with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
| Exhibit No. | Description | ||||||||||
| 99.1 | Press Release dated October 28, 2026 regarding the Company's plan to repurchase up to $150.0M or 1.0 million shares of DXP Enterprises, Inc. common stock. | ||||||||||
| 104 | Cover Page Interactive Data File – The cover page iXBRL tags from this Current Report on Form 8-K are embedded within the iXBRL document. | ||||||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DXP ENTERPRISES, INC.
By: /s/ Kent Yee | |||||
Kent Yee | |||||
Senior Vice President/Finance and Chief Financial Officer | |||||
By: /s/ David Molero Santos | |||||
| David Molero Santos | |||||
| Vice President/Finance and Chief Accounting Officer | |||||
 | NEWS RELEASE October 28, 2026 CONTACT: Kent Yee Senior Vice President, CFO 713-996-4700 www.dxpe.com THE INDUSTRIAL DISTRIBUTION EXPERTS | |||||||
DXP ENTERPRISES, INC. ANNOUNCES NEW SHARE REPURCHASE PROGRAM
Houston, TX, -- October 28, 2026 – DXP Enterprises, Inc. (NASDAQ: DXPE) today announced that its Board of Directors authorized a new stock repurchase program under which up to $150.0 million or 1.0 million shares of its outstanding common stock may be acquired in the open market over the next 24 months at the discretion of management (collectively, the “Repurchase Plan”). The previous stock repurchase program, which authorized the repurchase of up to $85.0 million or 2.5 million shares of common stock, concluded in August 2026.
The shares under the new Repurchase Plan may be purchased from time to time at prevailing market prices, through open market or privately negotiated transactions, depending upon market conditions. There is no guarantee as to the exact number of shares that will be repurchased, and DXP may discontinue the Repurchase Plan at any time management determines additional purchases are not warranted. As of June 30, 2026, DXP Enterprises, Inc. had approximately 16.4 million diluted weighted average shares outstanding.
David R. Little, Chairman and Chief Executive Officer commented, "DXP’s strong momentum reflects the progress we have made in building a more diversified, resilient, and higher-performing business. Our balanced end markets, organic growth, successful acquisitions, and consistent execution give us confidence in DXP’s long-term outlook. The Board’s authorization of this new share repurchase program reflects that confidence and provides another opportunity to create value for our shareholders. We will remain disciplined and opportunistic, investing in our people and businesses, pursuing strategic acquisitions, and repurchasing shares when we believe doing so represents an attractive use of capital."
Kent Yee, Chief Financial Officer commented, "Our share repurchase program demonstrates the confidence we have in our future and as an explicit part of our capital allocation and price versus value creation. This new share repurchase program preserves the flexibility that is central to our disciplined capital-allocation strategy. DXP’s earnings growth, cash-generation capabilities, and strong liquidity position allow us to invest in organic growth, execute strategic acquisitions, maintain a prudent capital structure, and return capital to shareholders. We will evaluate repurchases against our other investment opportunities and act when market conditions and the expected return make them an attractive use of capital. The program underscores our confidence in DXP’s outlook while maintaining the financial capacity to support continued growth."
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 North America. 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, metal working, 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. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission.