earnings
confidence high
sentiment positive
materiality 0.75
KLX Energy Services Q2 2022 revenue $184.4M, net loss narrows to $7.5M, guides FY revenue $730-750M
KLX Energy Services Holdings, Inc.
2022-Q2 EPS reported
-$2.58
revenue$336,700,000
- Revenue $184.4M, up 21% sequentially; net loss $7.5M improved 62% from Q1 loss of $19.9M.
- Adjusted EBITDA $17.4M, up 255% sequentially from $4.9M; margin 9.4%.
- Q3 2022 guidance: revenue growth 9-13%, Adj. EBITDA margin 10-12%; FY revenue raised to $730-750M.
- All three segments (Rocky Mountains, Southwest, Northeast/Mid-Con) turned operating profit; combined segment Adjusted EBITDA $26.8M.
- Liquidity $56.6M at June 30; company discusses refinancing options, expects positive free cash flow in H2 2022.