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KLX Energy Services Holdings Inc (KLXE)

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6.77 +0.20 +3.04%

03/05 - Closed. Currency in USD ( Disclaimer )

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6.78

+0.01

+0.15%

21:09:20 - Real-time Data

Volume: 133,647
Bid/Ask: 0.00 / 0.00
Day's Range: 6.53 - 6.90

Type: Equity

Market: United States

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NASDAQ:KLXE Financials

This summary provides an overview of the most significant critical numbers from each of the KLX Energy Services Holdings Inc financial reports, including theKLX Energy Services Holdings Inc income statement, balance sheet, and cash flow statement. Additionally, it features several financial ratios that provide insight into the company's financial health.

Investors can select to view data from four periods of either annual or quarterly information, allowing them to track the NASDAQ:KLXE financials over time via breakdowns of their annual reports.

KLX Energy Services Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 194.2 million compared to USD 223.3 million a year ago. Net loss was USD 9.2 million compared to net income of USD 13.2 million a year ago. Basic loss per share from continuing operations was USD 0.58 compared to basic earnings per share from continuing operations of USD 1.07 a year ago. Diluted loss per share from continuing operations was USD 0.58 compared to diluted earnings per share from continuing operations of USD 1.06 a year ago.For the full year, sales was USD 888.4 million compared to USD 781.6 million a year ago. Net income was USD 19.2 million compared to net loss of USD 3.1 million a year ago. Basic earnings per share from continuing operations was USD 1.23 compared to basic loss per share from continuing operations of USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 1.22 compared to diluted loss per share from continuing operations of USD 0.27 a year ago.

Annual Quarterly

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Advanced Financial Summary

TTM = Trailing Twelve Months

MRQ = Most Recent Quarter

KLXE Income Statement & Profits

Gross margin TTM 24.3%

Operating margin TTM 6.19%

Net Profit margin TTM 2.16%

Return on Investment TTM 0%

Total Revenue Net Income

Period Ending:	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023
Total Revenue	194.2	220.6	234	239.6
Gross Profit	42.1	54.4	60.7	58.7
Operating Income	2	16.5	20.8	15.7
Net Income	-9.2	7.6	11.4	9.4

KLXE Balance Sheet

Quick Ratio MRQ 1.46

Current Ratio MRQ 1.77

LT Debt to Equity MRQ 732.73%

Total Debt to Equity MRQ 941.75%

Total Assets Total Liabilities

Period Ending:	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023
Total Assets	539.8	524.3	526.5	515.9
Total Liabilities	501	476.5	486.8	488.4
Total Equity	38.8	47.8	39.7	27.5

%ENGLISH_NAME% Latest Cash Flow Statement

Cash Flow/Share TTM 7.05

Revenue/Share TTM 54.15

Operating Cash Flow 23.52%

Cash Net Change in Cash

Period Ending:	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023
Period Length:	0 Months	0 Months	0 Months	0 Months
Cash From Operating Activities	38.6	25.6	60	-8.6
Cash From Investing Activities	-9.8	-13	-13.3	-3.6
Cash From Financing Activities	-6.7	-4.3	-4.2	-5.6
Net Change in Cash	22.1	8.3	42.5	-17.8

* In Millions of USD (except for per share items)

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View advanced insights on financial statements, including growth rates and metrics that provide an in-depth view of the company's historical and forecasted financial performance.

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KLXE Price Commentary

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Pete Floyd Mar 11, 2022 18:22

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Earnings guidance 2022: ~40% increase in revenue. In CC management feel "bullish". Baker Hughes rig count: +13 today. Biden team exhorting shale drillers to up rig count. Increased oil price (post Russia/Ukraine conflict), clearly not even factored in yet (but will be by next earnings). Costs should come down as maintenance (getting equipment out of storage duration of covid lock downs) costs level off. The West and East are de-coupling. USA energy independence is getting rightful place back: front and center. If USA is to lead the way in LNG, then "drill baby drill" is back. DUC counts have been depleted. New wells are required in addition to DUC replacements. KLX Eenergy are a solid company with expert management and top line crews. KLX Energy are, in the current context, an essential component of US national security in terms of energy independence. Currently way undervalued -valued as if oil is $45 and going out of fashion. The opposite is the case. Bullish.

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Pete Floyd Feb 14, 2022 21:11

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Directional drilling, measurement while drilling and well planning seem to distinguish KLX Energy from its competitors.The merger with QES has resulted in a new consolidated KLXE with the power to provide greater than the sum of its parts.Short interest is quite high, possibly due to lack of drilling practice knowledge.Let's see how KLX Energy performs in the new shale patch boom.Earnings going up.Next earnings, 10th March '22, will be interesting; and the CCall following day.

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Pete Floyd Nov 06, 2021 11:51

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"We are effectively are sold out of these rigs in the Permian basin," Hendricks said. "It's been a few years since we had this level of utilization and leading edge rates" for rigs. "We've seen leading edge day rates move up in the last month and I expect that trend to continue." https://www.spglobal.com/platts/en/market-insights/latest-news/oil/110421-us-oil-gas-rig-count-climbs-15-to-674-as-oil-drilling-activity-accelerates-enverus

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Pete Floyd Oct 26, 2021 17:11

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Larry Fink re-thinks:https://www.zerohedge.com/energy/fink-flip-flops-fears-social-unrest-short-termist-anti-fossil-fuel-furore

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Pete Floyd Oct 26, 2021 8:43

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"Global annual upstream spending needs to increase by as much as 54% to $542 billion if the oil market is to avert the next supply shortage shock, Moody’s said earlier this month."

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