NASDAQ$KLXE
KLX Energy Services Holdings Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Reported record results driven by price and utilization improvements and prudent cost management.
KLX Energy Services Holdings, Inc. reported a revenue of $223.3 million and net income of $13.2 million for Q4 2022. The company's strategy of analyzing key performance indicators to improve price and asset utilization led to materially improved results. KLX anticipates Q1 2023 revenue to be between $225.0 million to $230.0 million and Adjusted EBITDA to be in the range of $30.0 million to $35.0 million.
- Revenue for the fourth quarter of 2022 totaled $223.3 million.
- Net income for the fourth quarter of 2022 was $13.2 million.
- Adjusted EBITDA for the fourth quarter of 2022 was $37.3 million.
- The company ended the quarter with $57.4 million of cash.
Headline financials
Revenue & EPS history
KLX Energy Services · Revenue · Quarterly
$223M
Revenue by segment
KLX Energy Services · $223M total across 3 segments · Q4 2022
- Northeast/Mid-Con$82.4M+125.1%36.9%
- Southwest$74.8M+120.0%33.5%
- Rocky Mountains$66.1M+177.7%29.6%
Forward guidance
KLX Energy Services expects first quarter revenue to be between $225.0 million to $230.0 million and first quarter Adjusted EBITDA to be in the range of $30.0 million to $35.0 million. For the full year, the company expects 2023 revenue and Adjusted EBITDA margin to be in the range of $925.0 million to $975.0 million and 16.0% to 18.0%, respectively. Full year 2023 capital spending is expected to range between $55.0 and $65.0 million.
Tailwinds
- First quarter 2023 revenue guidance ranges of $225.0 million to $230.0 million.
- First quarter 2023 Adjusted EBITDA guidance ranges of $30.0 million to $35.0 million.
- Full year 2023 revenue guidance ranges of $925.0 million to $975.0 million.
- Full year 2023 Adjusted EBITDA margin guidance ranges of 16.0% to 18.0%.
- Full year 2023 capital spending between $55.0 and $65.0 million.
Headwinds
- Q1 is perennially impacted by weather.
- Q1 is impacted by customer budget finalization timing.
- Q1 is impacted by elevated personnel costs due to payroll and unemployment taxes.
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 Q4 2022
-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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