KLX completes Wolf Pack asset purchase for $16.9M; pro forma net loss widens

KLX Energy Services Holdings, Inc.

Acquired Wolf Pack Rentals assets for $16.9M: $14.1M cash paid, $2.7M NPV deferred (two $1.5M payments in cash or stock).
Pro forma 6M-2026 net loss $40.7M vs KLX-only $32.4M; diluted EPS $2.04 vs $1.62.
Wolf Pack contributed $17.0M revenue for five months ended May 31, 2026; pro forma revenue $329.0M.
Recorded bargain purchase gain of $6.5M; eliminated in pro forma as if deal closed Jan 1, 2025.
Pro forma adjustments add $0.4M interest expense and $1.8M tax effect at 26% rate.

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