KLX Energy Services Q2 2024: Revenue $180M, net loss $8M ($0.49 diluted), adj. EBITDA $27M

KLX Energy Services Holdings, Inc.

2024-Q2 EPS reported -$1.86 revenue$354,900,000

Revenue $180M, net loss $8M ($0.49 diluted EPS), adjusted EBITDA $27M (15% margin).
Enacted ~$16M annualized cost reductions in Q2 from operational streamlining and insurance/professional fees.
Cash $87M, up $2M sequentially; liquidity $121M ($87M cash + $34M ABL availability).
Net cash from ops $22M, levered free cash flow $10M.
Total debt $285M, net debt $198M.

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