secwatch.observer — SEC 8-K summary
======================================

Issuer:     KLX Energy Services Holdings, Inc. (KLXE)
CIK:        0001738827
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0001738827-23-000073
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738827/000173882723000073/0001738827-23-000073-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738827/000173882723000073/klxe-20231106.htm
  HTML page:      https://secwatch.observer/filing/0001738827-23-000073

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