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KLX Energy Services Holdings Inc (KLXE)
NASDAQ:KLXE
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.8Last Year’s EPS
-$0.54Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 1.13%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
KLX Energy demonstrated strong financial performance in Q3 with growth in revenue and EBITDA, driven by effective management across geographical and product segments. However, challenges in certain regions, anticipated seasonal declines in Q4, and the need to address maturing debt obligations introduce some uncertainty. The positive outlook for 2025 with expected revenue growth and market opportunities balances these challenges.Company Guidance
During the KLX Energy Services Q3 2024 earnings call, the company reported robust financial performance, achieving $189 million in revenue and $28 million in adjusted EBITDA, with an adjusted EBITDA margin of 15%. Despite challenges such as a 3% sequential decline in average quarterly operated U.S. land rigs and a 7% decline in active U.S. frac spreads, KLX managed to generate approximately $334,000 per average operated U.S. land rig. The geographic revenue distribution saw the Southwest, Northeast/Mid-Con, and Rockies contributing 36%, 28%, and 36%, respectively. Completion-focused activities accounted for 54% of revenue, showing an increase from 51% in Q2. The company also recorded total SG&A expenses of $21.2 million, with adjusted SG&A expenses at $18.6 million, representing 9.9% of quarterly revenue. KLX's balance sheet remained strong with a cash balance of $83 million and liquidity of $126 million. Looking forward, the company anticipates a sequential revenue decline of 10% to 14% in Q4 due to seasonal factors but remains optimistic about 2025, projecting revenue growth of at least 5% to 10% and maintaining normalized margins.Strong Q3 Financial Performance
KLX Energy reported $189 million in revenue, representing a 5% sequential increase from Q2. Adjusted EBITDA was $28 million with a margin of 15%.
Geographical and Product Line Strength
The Southwest, Northeast/Mid-Con, and Rockies segments showed strong revenue contributions. Completion-focused activities drove 54% of Q3 revenue, up from 51% in Q2.
Safety and Operational Excellence
KLX reported industry-leading safety records and continued positive momentum with their downhole technology offerings and fleet of rental assets.
Financial Strategy and CapEx Management
KLX ended the quarter with a cash balance of $83 million and liquidity of $126 million. They expect full year 2024 CapEx to be between $55 million to $60 million.
Optimistic Outlook for 2025
KLX anticipates revenue growth of 5% to 10% in 2025 driven by customer wins and a constructive market environment.
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KLXE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KLXE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $4.42 | $4.25 | -3.85% |
| Aug 07, 2024 | $5.76 | $6.08 | +5.56% |
| May 07, 2024 | $6.63 | $6.06 | -8.60% |
| Mar 06, 2024 | $7.71 | $7.51 | -2.59% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does KLX Energy Services Holdings Inc (KLXE) report earnings?
KLX Energy Services Holdings Inc (KLXE) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is KLX Energy Services Holdings Inc (KLXE) earnings time?
KLX Energy Services Holdings Inc (KLXE) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KLXE EPS forecast?
KLXE EPS forecast for the fiscal quarter 2024 (Q4) is -$0.8.
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