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Mar 31, 2024
KLX Energy Services Q1 2024 Earnings Report
Reported first quarter 2024 results, facing challenges from weather and operator delays but exited the quarter with a stronger Adjusted EBITDA run-rate.
Key Takeaways
KLX Energy Services Holdings, Inc. reported a revenue of $175 million for the first quarter of 2024. The company experienced a net loss of $(22) million, with an adjusted EBITDA of $12 million. The results were impacted by weather conditions and operator-initiated safety standdowns.
Revenue for the first quarter of 2024 totaled $175 million.
Net loss for the first quarter of 2024 was $(22) million.
Adjusted EBITDA for the first quarter of 2024 was $12 million.
The company set a new US coiled tubing depth record of 28,915 feet.
KLX Energy Services
KLX Energy Services
KLX Energy Services Revenue by Segment
Forward Guidance
KLX expects second quarter 2024 revenue to be between $180 million and $200 million, with an adjusted EBITDA margin between 9% and 11%.
Revenue & Expenses
Visualization of income flow from segment revenue to net income