Information
HOUSTON , Oct. 31, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", th...
Original sourceAI Summary
KLXE reported third-quarter revenue of $188.9 million, up 4.8% sequentially. The company faced an $8.2 million net loss, maintaining a net loss margin of (4.3)%. Adjusted EBITDA was $27.8 million, reflecting strong operational performance despite headwinds. Fourth quarter expected revenue decline of 10% to 14% due to seasonal factors. Constructive discussions with customers suggest positive momentum for 2025 drilling programs.
Sentiment Rationale
Increasing loss and anticipated revenue decline may pressure KLXE's stock price.
Trading Thesis
Immediate impacts from quarterly results and seasonal expectations are more relevant now.
Market-Moving
- KLXE reported third-quarter revenue of $188.9 million, up 4.8% sequentially.
- The company faced an $8.2 million net loss, maintaining a net loss margin of (4.3)%.
- Adjusted EBITDA was $27.8 million, reflecting strong operational performance despite headwinds.
Key Facts
- KLXE reported third-quarter revenue of $188.9 million, up 4.8% sequentially.
- The company faced an $8.2 million net loss, maintaining a net loss margin of (4.3)%.
- Adjusted EBITDA was $27.8 million, reflecting strong operational performance despite headwinds.
- Fourth quarter expected revenue decline of 10% to 14% due to seasonal factors.
- Constructive discussions with customers suggest positive momentum for 2025 drilling programs.
Companies Mentioned
- CLB (CLB)
- BKR (BKR)
- SLB (SLB)
Earnings
Financial performance affects investor sentiment and market positioning directly.