NASDAQ$KLXE

KLX Energy Services Holdings Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

KLX Energy Services reported mixed results for Q1 2022, with revenue increasing but earnings declining due to various factors including weather and supply chain constraints.

KLX Energy Services reported revenue of $186.5 million for Q1 2022, an increase compared to the previous year. However, the company experienced a net loss of $1.7 million, or $(0.15) per share, and an adjusted EBITDA of $17.4 million, impacted by weather and supply chain issues.

  • Revenue for the first quarter of 2022 was $186.5 million.
  • Net loss for the quarter was $1.7 million, or $(0.15) per share.
  • Adjusted EBITDA was $17.4 million.
  • The company faced challenges related to weather and supply chain constraints during the quarter.

Headline financials

Total Revenue

$152M

Previous: $90.8M+67.7%
EPS (adj)

-$1.98

Previous: -$4.02+50.7%
Adjusted EBITDA

$17.4M

No prior period
Capital Expenditures

-$5.8M

Previous: -$2.2M-163.6%
Free Cash Flow

-$25.7M

Previous: -$39M+34.1%
Net Income

-$19.9M

Previous: -$36.8M+45.9%
Operating Income

-$11.5M

Previous: -$28.9M+60.2%
Gross Profit

$17.3M

Previous: $2.1M+723.8%
Cash & Equivalents

$19.4M

Previous: $37.9M-48.8%
Total Assets

$380M

Previous: $337M+12.6%
Stock-Based Comp

$700K

Previous: $800K-12.5%

Revenue & EPS history

KLX Energy Services · Revenue · Quarterly

$152M

Q1 2022+67.7%vs Q1 2021
Beat estimate in 6 of 14 quarters(43%)
ActualEstimate

Revenue by segment

KLX Energy Services · $221M total across 3 segments · Q3 2023

  • Southwest
    $77.8M+13.6%
  • Rocky Mountains
    $77M+15.8%
  • Northeast/Mid-Con
    $65.8M-24.0%

Forward guidance

KLX Energy Services expects continued growth and improved performance in the coming quarters, driven by increased activity and strategic initiatives.

Tailwinds

  • Anticipated increase in activity levels.
  • Expected benefits from strategic initiatives.
  • Potential for improved operational efficiency.
  • Favorable market conditions in key regions.
  • Strong customer relationships.

Headwinds

  • Potential for adverse weather conditions.
  • Ongoing supply chain disruptions.
  • Fluctuations in commodity prices.
  • Increased competition in certain markets.
  • Uncertainty in the overall economic outlook.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-2.4%

Avg return

Earnings day

-4.2%

Avg return

5 days after

-7.0%

Avg return

30 days after

39%

13 / 33 earnings

Positive

+28.4%

Q1 2020

Best reaction

-27.4%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+10.4%-2.3%
Q4 2025-9.2%-12.0%+35.6%
Q3 2025-8.3%-11.7%-15.7%
Q1 2025-15.0%-4.3%-14.6%
Q4 2024-6.0%-7.8%-54.2%
Q3 2024-5.8%-2.4%+33.7%
Q2 2024+5.6%+5.6%+8.0%
Q1 2024-9.7%-16.5%-29.5%
Q4 2023-1.7%-8.9%-19.8%
Q3 2023-6.6%-6.1%-12.3%
Q2 2023+7.5%+2.3%+1.0%
Q1 2023+12.0%+8.5%-4.9%
Q4 2022+7.6%-6.6%-15.1%
Q3 2022-5.3%-3.1%-23.9%
Q2 2022+15.0%+10.8%+16.1%
Q1 2022-5.3%-23.1%+25.0%
Q4 2021-8.7%-25.8%-45.2%
Q3 2021-11.4%-22.8%+6.9%
Q2 2021+0.5%-11.6%-22.0%
Q1 2021-22.0%-28.9%-34.7%
Q4 2020-26.2%-43.0%-13.9%
Q3 2020+6.5%-4.0%-6.5%
Q2 2020-14.8%-15.2%-47.2%
Q1 2020+28.4%+66.7%+3.4%
Q4 2019-27.4%-19.0%-37.4%
Q3 2019+4.7%+31.8%+4.2%
Q2 2019-10.3%-6.3%-12.0%
Q1 2019-9.2%-9.2%-16.5%
Q1 2017-5.3%-2.0%+5.6%
Q4 2017-5.3%-2.0%+5.6%
Q4 2018+4.4%-0.6%+14.0%
Q3 2018+27.4%+26.0%+22.9%
Q2 2018+5.4%+5.6%+18.2%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro