secwatch.observer — SEC 8-K summary
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Issuer:     KLX Energy Services Holdings, Inc. (KLXE)
CIK:        0001738827
Form:       8-K
Filed at:   2026-08-21T20:02:26+00:00
Accession:  0001738827-26-000039
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1738827/000173882726000039/0001738827-26-000039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1738827/000173882726000039/klxe-20260821.htm
  HTML page:      https://secwatch.observer/filing/0001738827-26-000039

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