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Stock impact report

KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FIRST QUARTER 2024 RESULTS

KLX Energy Services Holdings, Inc. (KLXE) 
Last klx energy services holdings, inc. earnings: 3/9 06:00 am Check Earnings Report
Company Research Source: PR Newswire
HOUSTON, May 7, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial results for the first quarter ended March 31, 2024.First Quarter 2024 Financial HighlightsRevenue of $175 millionNet loss of $(22) million and diluted loss per share of $(1.38)Adjusted EBITDA of $12 millionNet loss margin of (13)%Adjusted EBITDA margin of 7%Liquidity of $128 million, consisting of approximately $85 million of cash and approximately $43 million of available borrowing capacity under the March 2024 asset-based revolving credit facility (the "ABL Facility") borrowing base certificateSet what we believe to be a new US coiled tubing depth record of 28,915 feetSee "Non-GAAP Financial Measures" at the end of this release for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net (Loss) Income, Adjusted Diluted (Loss) Earnings per share, Unlevered and Levered Free Cash Flow, Net Working Capital, Net Debt, Net Show less Read more
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