NASDAQ$KLXE
KLX Energy Services Holdings Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Reported record results, overcoming seasonal pressures and exceeding expectations and guidance across all metrics.
KLX Energy Services Holdings, Inc. reported a record first quarter in 2023. Revenue reached $239.6 million, a 7% sequential increase. Net income was $9.4 million, with a diluted EPS of $0.65. Adjusted EBITDA stood at $38.2 million, a 2% sequential increase. The company also completed the acquisition of Greene’s Energy Group, LLC on March 8, 2023.
- Revenue of $239.6 million, increased 7% sequentially.
- Net income of $9.4 million, net income margin of 3.9% and diluted earnings per share of $0.65.
- Adjusted EBITDA of $38.2 million, increased 2% sequentially.
- Ended the quarter with $84.0 million of available liquidity, consisting of $39.6 million of cash.
Headline financials
Revenue & EPS history
KLX Energy Services · Revenue · Quarterly
$240M
Revenue by segment
KLX Energy Services · $240M total across 3 segments · Q1 2023
- Northeast/Mid-Con$98.3M—41.0%
- Southwest$73.4M—30.6%
- Rocky Mountains$67.9M—28.3%
Forward guidance
The Company reaffirms full year 2023 guidance.
Tailwinds
- Second quarter 2023 revenue of $240 to $250 million
- Second quarter 2023 Adjusted EBITDA margin of 16% to 17%
- Full year 2023 revenue range of $975 million to $1.04 billion
- Full year 2023 Adjusted EBITDA margin of 17% to 19%
- Full year 2023 capital spending of $60 to $70 million
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 2023
-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
| Quarter | Report date | Reaction (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