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Stock impact report

KLX Energy Services Holdings, Inc. Reports Fiscal First Quarter 2021 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, June 9, 2021 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLXE" or the "Company") today reported its financial results for the fiscal first quarter ended April 30, 2021.Fiscal First Quarter 2021 HighlightsFiscal first quarter 2021 revenue of $90.8 million increased $4.0 million, or 4.6%, sequentially from the fiscal fourth quarter 2020 Fiscal first quarter 2021 net loss was $36.8 million compared to $30.5 million for the fiscal fourth quarter 2020 Fiscal first quarter 2021 net loss and Adjusted EBITDA loss were primarily driven by "white space" on the calendar resulting from Winter Storm Uri and customer scheduling issues Ended fiscal first quarter 2021 with $37.9 million in cash and a liquidity position of $79.3 millionFiscal Second Quarter 2021 Outlook ImprovingDrilling, Completion and Production activity continued to increase throughout fiscal first quarter 2021 and this trend is expected to accelerate in fiscal second quarter 2021, driving an antici Show less Read more
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