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Sep 30, 2023
KLX Energy Services Q3 2023 Earnings Report
KLX Energy Services reported flat sequential margins and strong operating cash flow, despite a decline in rig count.
Key Takeaways
KLX Energy Services Holdings, Inc. reported third quarter 2023 financial results with revenue of $221 million and net income of $8 million. The company's adjusted EBITDA was $37 million, and it ended the quarter with a cash balance of $90 million.
Revenue of $221 million.
Net income of $8 million, net income margin of 3%, diluted earnings per share of $0.47.
Adjusted EBITDA of $37 million.
Cash balance of $90 million, increased $8 million sequentially and $49 million compared to Q3 2022.
Revenue by Segment
Forward Guidance
The company anticipates fourth quarter margins will hold up well despite weaker seasonal activity and operator budget exhaustion typical of the fourth quarter. As a result, they expect strong full year 2023 adjusted EBITDA between $140 million to $150 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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