KLX Energy Services Q3 revenue beats estimates

Reuters
Nov 06
KLX Energy Services Q3 revenue beats estimates

Overview

  • KLX Energy Services Q3 revenue grows 5%, beating analyst expectations

  • Adjusted EBITDA for Q3 rises 14%, beating analyst estimates

Outlook

  • Company expects mid-single-digit revenue decline in Q4 due to seasonality

  • KLX anticipates stable Adjusted EBITDA margins in Q4

Result Drivers

  • STRATEGIC ASSET ALLOCATION - Co attributes revenue growth to strategic asset allocation and improved utilization in key regions

  • MID-CON/NORTHEAST CONTRIBUTION - Completion-oriented product lines in Mid-Con/Northeast region contributed significantly to revenue growth

  • MARKET HEADWINDS - Co overcame market headwinds including commodity price volatility and weaker OFS demand

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Revenue

Beat

$166.70 mln

$164.60 mln (1 Analyst)

Q3 Adjusted Net Income

Slight Miss*

-$14 mln

-$13.90 mln (1 Analyst)

Q3 Net Income

-$14.30 mln

Q3 Adjusted EBITDA

Beat

$21.10 mln

$19.40 mln (1 Analyst)

Q3 Adjusted EBITDA Margin

13.00%

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

Press Release: ID:nPncd2sXqa

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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