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Stock impact report

KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FOURTH QUARTER 2023 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
Company generates record annual revenue, Adjusted EBITDA and free cash flowHOUSTON, March 6, 2024  KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial results for the fourth quarter ended December 31, 2023.Full Year 2023 Financial HighlightsRevenue of $888 million, an increase of 14% compared to prior year despite a 20% decline in rig count over the same periodNet income of $19 million, an increase of 719% compared to prior year, and diluted income per share of $1.22Net income margin of 2%, a 645% increase from prior yearAdjusted EBITDA of $138 million, an increase of 42% compared to prior yearAdjusted EBITDA margin of 16% compared to 2022 Adjusted EBITDA margin of 12%Cash balance of $113 million, increased 96% compared to prior yearTotal debt of $284 million, consistent with prior yearNet Debt of $172 million, a $54 million or 24% reduction compared to prior yearLiquidity of $154 million, consisting of approximately $ Show less Read more
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