DXP Enterprises Issues Announcement Regarding Hurricane Harvey
August 31 2017 - 5:10PM
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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version on businesswire.com: http://www.businesswire.com/news/home/20170831006403/en/
DXP Enterprises, Inc.Kent Yee, 713-996-4700Senior Vice
President CFOwww.dxpe.com
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