KLX Energy Services Q3 2023: Revenue $221M, net income $8M, adjusted EBITDA $37M

KLX Energy Services Holdings, Inc.

2023-Q3 EPS reported $1.82 revenue$694,200,000

Revenue $221M; net income $8M ($0.47 diluted EPS); adjusted EPS $0.51.
Cash balance $90M, up $8M sequentially; liquidity $155M; net debt $194M (1.3x leverage).
Adjusted EBITDA $37M, margin 17%; operating cash flow strong despite 10% sequential rig count decline.
Integrated Greene's acquisition, realized $3M annual cost synergies; executed 12-month frac contract.
Launched latest generation downhole tools; diversification driving stable margins.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.8

KLX Energy Services Holdings, Inc. reported financial results for third quarter ended September 30, 2023.

Period: third quarter ended September 30, 2023
Result: reported results

Exact text from the filing

On November 6, 2023, KLX Energy Services Holdings, Inc. (“KLXE” or the “Company”) issued a press release (the “Press Release”) to report its financial results for the third quarter ended September 30, 2023.

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KLX Energy Services Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001738827-23-000073

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