KLX, Inc. (KLXI) Tops Q2 EPS by 21c

KLX, Inc. (NASDAQ: KLXI) reported Q2 EPS of $1.31, $0.21 better than the analyst estimate of $1.10. Revenue for the quarter came in at $527.2 million versus the consensus estimate of $496.3 million.

PENDING BOEING TRANSACTION AND ESG SPIN-OFF UPDATE

A special meeting of stockholders to vote on the merger was held on August 24, 2018 at the Boston Harbor Hotel, Boston, Massachusetts at 10:30 AM (Eastern time), wherein the merger of KLX Inc into The Boeing Company was approved by shareholders of KLX Inc.

On August 24th, the Securities and Exchange Commission (‘SEC”) declared the KLX Energy Services Form 10 registration statement effective. As previously reported, the distribution of the KLXE shares will occur on September 14, 2018.

Beginning on Wednesday, August 29, 2018, there will be a when-issued market for KLX Energy Services common stock under the ticker symbol “KLXEV.” The when-issued market will continue until regular-way trading in KLX Energy Services common stock begins under the ticker symbol “KLXE” on September 17, 2018, the first trading day after the distribution date.

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

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