Why KLX Inc. Stock Dropped 15% Today [The Motley Fool]
KLX INC COMMON (KLXI)
Last klx inc common earnings: 3/6 02:00 am
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Source: The Motley Fool
Don't worry, this is good news. Rich Smith ( TMFDitty ) Sep 17, 2018 at 5:31PM What happened KLX Inc. ( NASDAQ:KLXI ) stock closed 15.2% lower on Monday. That sounds like bad news, but really isn't. Here's why. So what KLX is a strange beast, as it comprises two main business units. The Aerospace Solutions Group distributes small airplane components such as bolts, clips, hinges, and screws. With $1.4 billion in annual sales, this is KLX's largest business unit -- and it's selling out to Boeing in a $4.25 billion deal initially expected to close sometime in this current third quarter of 2018 -- later postponed to Q4. A smaller business unit, the Energy Services Group, sells various goods and services related to the oil extraction and fracking industry. That unit is obviously of less interest to Boeing, and so the goal was to divest it bef
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