KLX, Inc. (KLXI) Tops Q4 EPS by 26c, Revenue Comes in Light

KLX, Inc. (NASDAQ: KLXI) reported Q4 EPS of $0.53, $0.26 better than the analyst estimate of $0.27. Revenue for the quarter came in at $382 million versus the consensus estimate of $393.66 million.

OUTLOOK The Company is increasing its 2017 guidance to reflect strong 2016 bookings and market share gains within its ASG segment, and other positive trends at KLX.

2017 guidance is as follows:

• 2017 revenues are expected to increase approximately 10 percent
• Operating earnings are expected to increase approximately 45 percent
• 2017 earnings, before income taxes, are expected to more than double
• Adjusted Net Earnings are expected to increase approximately 40 percent
• Free cash flow conversion ratio is expected to be approximately 230 percent of net earnings and 125 percent of Adjusted Net Earnings
• ASG revenues are expected to increase by a mid-single digit percentage, reflecting slower growth in the first half of the year, followed by an acceleration in growth in the second half of the year, as new programs and market share gains begin to materially contribute to ASG’s growth rate
• ESG revenues are expected to increase approximately 30 percent

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

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