secwatch.observer — SEC 8-K summary
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Issuer:     KLX Energy Services Holdings, Inc. (KLXE)
CIK:        0001738827
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0001738827-22-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738827/000173882722000035/0001738827-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738827/000173882722000035/klxe-20221109.htm
  HTML page:      https://secwatch.observer/filing/0001738827-22-000035

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer