KLX Energy Services Announces Additional Cost Reduction Measures in Response to Current Depressed Market Conditions
KLX Energy Services Holdings, Inc. (KLXE)
Last klx energy services holdings, inc. earnings: 3/9 06:00 am
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Source: GlobeNewswire
WELLINGTON, Fla., April 08, 2020 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (“KLX Energy Services” or the “Company”) (NASDAQ: KLXE) announced today several additional cost reduction measures being taken in response to rapidly deteriorating market conditions as a result of the unprecedented demand destruction being caused by the Covid-19 pandemic in addition to the Saudi Arabia/Russia oil market share price war. On March 9, 2020, the Company announced that it had initiated a cost rationalization program in which it implemented an approximately 360 person, or 22%, reduction in force. The Company is announcing today an additional reduction in its workforce of approximately 170 employees, which it expects to complete by April 10, 2020. In addition, the Company has instituted a widespread wage reduction program. The aggregate impact of the reduction in force plus the wage reduction program being announced today, together with certain other cost reductions, is an approxima
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KLXE
News
- KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- KLX Energy Services Holdings First Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FIRST QUARTER 2024 RESULTS [Yahoo! Finance]Yahoo! Finance
- KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FIRST QUARTER 2024 RESULTSPR Newswire
- Institutions own 34% of KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) shares but retail investors control 36% of the company [Yahoo! Finance]Yahoo! Finance
KLXE
Earnings
- 5/7/24 - Miss
KLXE
Sec Filings
- 5/14/24 - Form 8-K
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 8-K
- KLXE's page on the SEC website