UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

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Registrant's telephone number, including area code:

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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 (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

On October 28, 2004 the registrant issued a press release announcing financial results for the quarter ended September 30, 2004. A copy is provided as Exhibit 99.1 to this report.

Item 9.01. Financial Statements and Exhibits

1. Exhibits (numbered in accordance with Item 601 of Regulation S-K)

Exhibit No. Document Description

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.

October 28, 2004

DXP ENTERPRISES, INC.

By: /s/ Mac McConnell

Mac McConnell

Senior Vice President and

Chief Financial Officer

Exhibit 99.1

Houston, TX -- October 27, 2004 -- DXP Enterprises, Inc. (NASDAQ: DXPE) today announced net income of $743,000 for the third quarter ending September 30, 2004, with diluted earnings per share of $.13 compared to net income of $652,000 and diluted earnings per share of $.13 for the third quarter of 2003. Sales increased 6.2% to $42.9 million from $40.4 million for the third quarter of last year. Increased shipments to the oil and gas industries account for the increase in sales. Gross profit was negatively impacted by pipe supplier problems and the timing of passing on vendor price increases to our customers.

Year-to-date earnings as of September 30, 2004 were $2.1 million, or $0.39 per diluted share, compared to $1.6 million, or $0.33 per diluted share for the first nine months of 2003. Sales increased 6.3% to $122.8 million from $115.6 million for the first nine months of 2003.

David R. Little, Chairman and Chief Executive Officer said, "Even though our financial results were good, they would have been better if gross profit had not been negatively impacted by pipe failures and vendor price increases. We look forward to increased margins and continue to believe we are ideally positioned for stronger growth."

"We continue to believe that our commitment to customer service and our cost saving initiatives for industrial customers make DXP a valued and reliable resource for innovative pumping solutions, SmartSource^SM, and maintenance, repair, operations and production (MROP) products and services," said Little.

DXP Enterprises, Inc., based in Houston, Texas, is a leading distributor of products and services for capital equipment projects and industrial MROP customers. Value added services include integrated supply solutions through the Company's SmartSource^SM program, engineering expertise, fabrication, repair, consignments, vendor managed inventory (VMI), and logistics capabilities for industrial customers. SmartSource allows a customer to choose from a complete continuum of supply options, ranging from traditional distribution to integrated supply. This program offers a customer a more effective way to manage his MROP supply needs and to realize documented cost savings by outsourcing supply room purchasing, supply room accounting, and supply room management to DXP. DXP also provides fluid handling equipment, bearings, power transmission equipment, general mill supplies, safety supplies and electrical products to customers in the general manufacturing, energy, petrochemical, service and repair, and wood products industries.

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