KLX Energy Q3 revenue $221.6M (+20% seq), net income $11.1M; CEO Baker appointed to board

KLX Energy Services Holdings, Inc.

2022-Q3 EPS reported -$1.49 revenue$558,300,000

Revenue $221.6M, up 20% sequentially; net income $11.1M ($0.96 EPS), a $18.6M sequential improvement.
Adjusted EBITDA $37.1M (margin 16.7%), up 113% sequentially; operating cash flow $18.5M.
Cash ended at $41.4M, available liquidity $86.4M, up 53% sequentially; ABL facility amended on improved terms.
Post-quarter exchanged $4.0M of 2025 Senior Secured Notes for 235,281 shares of common stock.
CEO Christopher Baker appointed as a Class I Director of the Board effective November 8, 2022.

item 2.02 item 5.02 item 7.01 item 9.01

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Appointed

Christopher Baker

Class I Director

KLXE · KLX Energy Services Holdings, Inc.

Effective: 2022-11-08
Filed: November 9, 2022, 6:59 PM ET

On November 8, 2022, the Board of Directors appointed our President and Chief Executive Officer, Christopher Baker, as a Class I Director of the Board, effective immediately.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KLX Energy Services Holdings, Inc. reported third quarter ended September 30, 2022 results: revenue $221.6 million, net income $11.1 million, EPS $0.96/share.

Period: third quarter ended September 30, 2022
Revenue: $221.6 million
Net income: $11.1 million
EPS: $0.96/share
Result: reported results

Exact text from the filing

We also make reference to the three months ended September 30, 2021 (“Pro Forma Prior Year Third Quarter”). Third Quarter 2022 Financial and Operational Highlights • Revenue of $221.6 million, increased 20% sequentially • Generated net income of $11.1 million, a $18.6 million sequential increase, and EPS of $0.96/share • Adjusted EBITDA of $37.1 million, a 113%

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Executive change SEC 8-K Item 5.02 confidence 0.95

Christopher Baker was appointed as Class I Director at KLX Energy Services Holdings, Inc..

Action: appointed
Role: Class I Director

Exact text from the filing

On November 8, 2022, the Board of Directors appointed our President and Chief Executive Officer, Christopher Baker, as a Class I Director of the Board, effective immediately.

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

KLX Energy Services Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001738827-22-000035

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