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

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

KLX Inc. Reports Strong Second Quarter Financial Results; Confirms September 14th Spin-Off Date for KLX Energy Services (“KLXE”); Separately Announces KLXE Spin-Off Trading Information

August 28, 2018 2:00 AM EDT

WELLINGTON, Fla., Aug. 28, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (KLX or 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 second fiscal quarter ended July 31, 2018 financial results.

On a GAAP basis, for the three-month period ended July 31, 2018, as compared to the same period of the prior year, revenues increased 22.4 percent to $527.2 million, while operating earnings increased 22.4 percent to $64.0 million. GAAP net earnings of $34.8 million and net earnings per diluted share of... More