KLX, Inc. (KLXI) Reports Q1 EPS of $0.42

KLX, Inc. (NASDAQ: KLXI) reported Q1 EPS of $0.42, versus $0.65 reported last year. Revenue for the quarter came in at $368.2 million, versus $431.5 million reported last year.

As of April 30, 2016, cash was $449 million. Total long-term debt of $1.2 billion less cash, resulted in net debt of $751 million, and the Company’s net debt to net capital ratio was 25.2 percent. Capital expenditures were $19.2 million for the first quarter ended April 30, 2016. For the three month period ended April 30, 2016, cash flows provided by operating activities were $41.4 million, free cash flow was $22.2 million and the free cash flow conversion ratio was 101 percent of adjusted net earnings. At April 30, 2016, there were no borrowings outstanding under the Company’s $750.0 million credit facility. On May 17, 2016, the Company used approximately $210 million of cash to acquire Herndon.

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

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