KLX Energy Services Financial Results for Third Quarter Ended October 31, 2019; Implements Major Cost Reduction Program; Strong Third Quarter Cash Flow

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Go back to KLX Energy Services Financial Results for Third Quarter Ended October 31, 2019; Implements Major Cost Reduction Program; Strong Third Quarter Cash Flow

KLX Energy Services Holdings Inc. (KLXE) Misses Q3 EPS by 28c, Revenues Miss

December 5, 2019 6:02 AM EST

KLX Energy Services Holdings Inc. (NASDAQ: KLXE) reported Q3 EPS of ($0.22), $0.28 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $134.5 million versus the consensus estimate of $161.2 million.

THIRD QUARTER HIGHLIGHTS

Revenues were $134.5 million, a decrease of 18.4 percent as compared to the second quarter of 2019Adjusted operating loss was $(4.0) million, as compared to second quarter Adjusted operating earnings of $11.9 million1Adjusted EBITDA was $17.4 million, or 12.9 percent of revenues, as compared to second quarter Adjusted EBITDA and Adjusted EBITDA margin of $33.0 million and 20.0 percent,... More