KLX Energy Services Holdings Inc
NASDAQ:KLXE

  • LAST PRICE
    6.3200
  • TODAY'S CHANGE (%)
    0.2000 (3.2680%)
  • Bid / Lots
    6.2700/ 1
  • Ask / Lots
    6.3700/ 1
  • Open / Previous Close
    6.1650 / 6.1200
  • Day Range
    6.1103
    6.5700
  • 52 Week Range
    4.1800
    12.1250
  • Volume
    110,209

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  • Oct 31, 2024

      Show headlines and story abstract

    • 4:28PM ET on Thursday Oct 31, 2024 by MT Newswires
      Companies Mentioned: KLXE
      04:28 PM EDT, 10/31/2024 (MT Newswires) -- ...

    • 4:26PM ET on Thursday Oct 31, 2024 by MT Newswires
      Companies Mentioned: KLXE
      04:26 PM EDT, 10/31/2024 (MT Newswires) -- ...

    • 4:15PM ET on Thursday Oct 31, 2024 by PR Newswire
      Companies Mentioned: KLXE

      KLX Energy Services Holdings, Inc. (Nasdaq: KLXE)("KLX", the "Company", "we", "us" or "our") today reported financial results for the third quarter ended September30, 2024.

      ThirdQuarter 2024 Financial Highlights

    • 4:15PM ET on Thursday Oct 31, 2024 by Dow Jones
      Companies Mentioned: KLXE

    • 4:15PM ET on Thursday Oct 31, 2024 by Dow Jones
      Companies Mentioned: KLXE
      Three Months Ended ------------------------------------------------------ September June 30, September 30, 2024 2024 30, 2023 ----------------- ----------------- ---------------- Consolidated net (loss) income $ (8.2) $ (8.0) $ 7.6 Bargain purchase gain -- -- 0.1 Impairment and other charges -- 0.1 -- One-time costs(1) 1.8 1.4 0.5 ----------------- ----------------- ---------------- Adjusted Net (Loss) Income $ (6.4) $ (6.5) $ 8.2 Diluted weighted average common shares 16.2 16.2 16.1 ----------------- ----------------- ---------------- Adjusted Diluted (Loss) Earnings per share(2) $ (0.40) $ (0.40) $ 0.51 * Previously announced quarterly numbers may not sum to the year-end total due to rounding. (1) The one-time costs during the third quarter of 2024 relate to professional services and other charges. (2) Adjusted Diluted (Loss) Earnings per share is defined as the quotient of Adjusted Net (Loss) Income and diluted weighted average common shares. KLX Energy Services Holdings, Inc. Reconciliation of Net Cash Flow Provided by Operating Activities to Free Cash Flow (In millions of U.S. dollars) (Unaudited) Three Months Ended ----------------------------------------------------------- September June 30, September 30, 2024 2024 30, 2023 ------------------- ------------------ ------------------ Net cash flow provided by operating activities $ 16.8 $ 22.2 $ 25.6 Capital expenditures (21.0) (15.3) (17.8) Proceeds from sale of property and equipment 2.6 3.3 4.8 ------------------- ------------------ ------------------ Levered Free Cash Flow (1.6) 10.2 12.6 Add: Interest expense, net 9.1 9.2 8.5 ------------------- ------------------ ------------------ Unlevered Free Cash Flow $ 7.5 $ 19.4 $ 21.1 =================== ================== ================== KLX Energy Services Holdings, Inc. Reconciliation of Current Assets and Current Liabilities to Net Working Capital (In millions of U.S. dollars) (Unaudited) As of ------------------------------------------------------------------------------------------------------------- September June 30, December 30, 2024 2024 31, 2023 ----------------------------------- ----------------------------------- ----------------------------------- Current assets $ 254.8 $ 251.3 $ 290.3 Less: Cash 82.7 86.9 112.5 ----------------------------------- ----------------------------------- ----------------------------------- Net current assets 172.1 164.4 177.8 ----------------------------------- ----------------------------------- ----------------------------------- Current liabilities 205.1 151.7 164.1 Less: Current portion of long-term debt 50.0 -- -- Less: Accrued interest 11.4 4.6 4.6 Less: Operating lease obligations 6.7 7.0 6.9 Less: Finance lease obligations 15.9 17.9 22.0 ----------------------------------- ----------------------------------- ----------------------------------- Net current liabilities 121.1 122.2 130.6 ----------------------------------- ----------------------------------- ----------------------------------- Net Working Capital $ 51.0 $ 42.2 $ 47.2 =================================== =================================== =================================== KLX Energy Services Holdings, Inc. Reconciliation of Net Debt(1) (In millions of U.S. dollars) (Unaudited) As of ---------------------------------------------------------------------------------------------------------- September June 30, December 30, 2024 2024 31, 2023 ---------------------------------- ---------------------------------- ---------------------------------- Total Debt $ 285.2 $ 284.9 $ 284.3 Cash 82.7 86.9 112.5 ---------------------------------- ---------------------------------- ---------------------------------- Net Debt $ 202.5 $ 198.0 $ 171.8 ================================== ================================== ================================== (1) Net Debt is defined as total debt less cash and cash equivalents. KLX Energy Services Holdings, Inc. Reconciliation of Net Leverage Ratio(1) (In millions of U.S. dollars) (Unaudited) As of September June 30, December 30, 2024 2024 31, 2023 ----------------------------------- ----------------------------------- ----------------------------------- Adjusted EBITDA $ 27.8 $ 27.0 $ 23.0 Multiply by four quarters 4 4 4 Annualized Adjusted EBITDA 111.2 108.0 92.0 Net Debt 202.5 198.0 171.8 ----------------------------------- ----------------------------------- ----------------------------------- Net Leverage Ratio 1.8 1.8 1.9 (1) Net Leverage Ratio is defined as Net Debt divided by Annualized Adjusted EBITDA.

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