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

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

KLX Inc. Reports Strong First Quarter Financial Results

May 21, 2018 2:00 AM EDT

WELLINGTON, Fla., May 21, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (the Company) (NASDAQ: KLXI), a leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products to the oil and gas exploration and production industry, today reported its first fiscal quarter ended April 30, 2018 financial results.

On a GAAP basis, for the three-month period ended April 30, 2018, as compared to the same period of the prior year, revenues increased 21.3 percent to $499.1 million, while operating earnings increased 25.9 percent to $61.2 million. GAAP net earnings of $31.7 million and net earnings per diluted share of $0.62, increased... More