KLX, Inc. (KLXI) Tops Q1 EPS by 6c

KLX, Inc. (NASDAQ: KLXI) reported Q1 EPS of $1.12, $0.06 better than the analyst estimate of $1.06. Revenue for the quarter came in at $499.1 million versus the consensus estimate of $472.3 million.

OUTLOOK

As a result of the pending sale of the Aerospace Solutions Group (ASG) to Boeing, the Company will no longer be providing ASG segment level guidance.

The Company increased its 2018 ESG guidance for revenues, Adjusted operating earnings and Adjusted EBITDA. The Company’s Fiscal 2018 ESG outlook excludes costs related to the strategic alternatives review, including spin-off related expenses.

• 2018 revenues are expected to increase by approximately 55 percent to approximately $500 million
• Adjusted operating earnings are expected to increase approximately $84 million to approximately $65 million
• Adjusted EBITDA is expected to increase approximately 300 percent to approximately $110 million, or 22 percent of revenues
• The Company expects continued strong organic growth in revenues and earnings in 2019

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

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