NASDAQ$KLXE
KLX Energy Services Holdings Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
KLX Energy Services reported second quarter results, driven by regional and product service line diversification, resulting in higher adjusted EBITDA, adjusted EBITDA margin, and free cash flow.
KLX Energy Services Holdings, Inc. reported a revenue of $234.0 million. Net income was $11.4 million, with adjusted EBITDA reaching $39.7 million. The company generated $47.3 million in levered free cash flow and reduced net debt sequentially by 17%.
- Revenue of $234.0 million.
- Net income of $11.4 million, net income margin of 4.9%, diluted earnings per share of $0.71.
- Adjusted EBITDA of $39.7 million, increased 4% sequentially.
- Cash balance of $82.1 million, increased $42.5 million sequentially and $50.6 million compared to Q2 2022.
Headline financials
Revenue & EPS history
KLX Energy Services · Revenue · Quarterly
$234M
Revenue by segment
KLX Energy Services · $234M total across 3 segments · Q2 2023
- Southwest$86.3M+43.8%36.9%
- Northeast/Mid-Con$81.3M+14.0%34.7%
- Rocky Mountains$66.4M+25.0%28.4%
Forward guidance
The Company is deferring capital projects and lowering full year capital spending guidance to approximately $45 to $55 million from $60 to $70 million. The below summary of Company guidance is current as of the time provided and subject to change.
Tailwinds
- Third quarter 2023 revenue of $215 million to $230 million
- Third quarter 2023 adjusted EBITDA margin of 14% to 16%
- Full year 2023 revenue range of $900 million to $950 million
- Full year 2023 adjusted EBITDA margin of 15% to 17%
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 Q2 2023
-2.4%
Avg return
Earnings day
-4.2%
Avg return
5 days after
-7.6%
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% | -26.4% | |
| 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% |
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