HOUSTON--(BUSINESS WIRE)--
DXP Enterprises, Inc. (NASDAQ: DXPE) today issued an announcement regarding the impact of Hurricane Harvey.
DXP’s thoughts and prayers are with those that have been and continue to be affected by Hurricane Harvey and the devastating flooding in Houston and surrounding communities. We would like to thank everyone for the outpouring of concern directed towards DXP and our employees. We have received countless calls, emails and texts from our fellow employees, business associates, customers and vendors. It has been truly touching to see the outpouring of support to ensure of the safety and care of our DXPeople. A majority of all of our employees have been accounted for and are safe. A number of employees have suffered significant material losses but nothing that cannot ultimately be replaced. Our corporate office is working with everyone to ensure that anything that can be done to help our employees and customers is being provided and getting done in a timely matter.
Our facilities have been extremely fortunate as we did not have any material flooding or damage. We are open for business! While there will be some minor logistical delays navigating inside and outside of Houston and the Gulf Coast region, our supply chain remains intact. For our customers, we will be notifying them if there will be any impact to their specific projects. We are currently projecting no significant delays. Our capacity has not been compromised and DXP will proceed with business as usual.
Thank you again for all your support. The Gulf Coast is resilient, DXPeople are resilient and we will come through this together. It will take all businesses, government agencies and volunteers working together to rebuild our Gulf Coast communities. If you have any questions, please do not hesitate to call your DXP contact.
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 the United States, Canada, Mexico and Dubai. 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.
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