secwatch.observer — SEC 8-K summary
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Issuer:     KLX Energy Services Holdings, Inc. (KLXE)
CIK:        0001738827
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001738827-24-000064
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738827/000173882724000064/0001738827-24-000064-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738827/000173882724000064/klxe-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001738827-24-000064

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