KLX Energy Services Q2 2022 Earnings Report
Key Takeaways
KLX Energy Services Holdings, Inc. reported a revenue of $184.4 million for the second quarter of 2022, representing a 21% sequential increase. The company's net loss improved by 62% sequentially to $7.5 million, and Adjusted EBITDA increased by 255% sequentially to $17.4 million. The company anticipates sequential revenue growth of 9% to 13% and an Adjusted EBITDA margin of 10% to 12% for the third quarter.
Revenue of $184.4 million, increased 21% sequentially.
Net loss of $7.5 million, a 62% improvement sequentially.
Adjusted EBITDA of $17.4 million, increased 255% sequentially.
Available liquidity at June 30, 2022 increased $2.0 million, or 4%, sequentially.
KLX Energy Services
KLX Energy Services
KLX Energy Services Revenue by Segment
Forward Guidance
KLXE expects third quarter sequential revenue growth of 9% to 13% and third quarter Adjusted EBITDA margin of 10% to 12%. Full year 2022 revenue guidance to a range of $730.0 million to $750.0 million.
Positive Outlook
- Third quarter sequential revenue growth of 9% to 13%.
- Third quarter Adjusted EBITDA margin of 10% to 12%.
- Full year 2022 revenue guidance to a range of $730.0 million to $750.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income