KLX, Inc. (KLXI) Reports In-Line Q2 EPS

KLX, Inc. (NASDAQ: KLXI) reported Q2 EPS of $0.73, in-line with the analyst estimate of $0.73. Revenue for the quarter came in at $430.6 million versus the consensus estimate of $425.22 million.

GUIDANCE:

• KLX, Inc. sees FY2017 EPS of ~$3.00, versus the consensus of $3.08.
• 2017 revenues are expected to increase approximately 17 percent to approximately $1.75 billion
• Operating earnings are expected to increase approximately 72 percent to approximately $222 million
• Adjusted Net Earnings are expected to increase approximately 68 percent to approximately $157 million
• Adjusted Net Earnings per diluted share is expected to increase approximately 68 percent to approximately $3.00 per diluted share
• ASG revenues are expected to increase by a high-single digit percentage, reflecting an acceleration in growth in the second half of the year, as 2016 new programs and market share gains begin to materially contribute to ASG’s growth rate
• ESG revenues are expected to increase by more than 70 percent
• ESG operating earnings are expected to reach breakeven on a quarterly basis in the third or fourth quarter of 2017

For earnings history and earnings-related data on KLX, Inc. (KLXI) click here.

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