earnings
confidence high
sentiment positive
materiality 0.65
KLX Energy preliminary Q2: Rev up 3% seq, Adj EBITDA up 100-125%, net loss narrows
KLX Energy Services Holdings, Inc.
2024-Q2 EPS reported
-$1.86
revenue$354,900,000
- Estimated revenue $178-182M, up ~3% sequentially despite 7% US rig count decline.
- Estimated Adjusted EBITDA $24-27M (14-15% margin), improved 100-125% sequentially.
- Estimated net loss $7-11M, narrowing from prior quarter.
- Enacted ~$16M annualized cost reductions in Q2 from operational streamlining.
- Cash from operations $18-22M; levered FCF $5-11M; cash $87M (+$2M seq).