NEWS RELEASE Contacts: KLX Energy Services Holdings, Inc. Keefer M. Lehner, EVP & CFO 832-930-8066 IR@klx.com Dennard Lascar Investor Relations Ken Dennard / Natalie Hairston 713-529-6600 KLXE@dennardlascar.com KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FIRST QUARTER 2024 RESULTS HOUSTON, TX - May 7, 2024 - KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Hig ...

HOUSTON, May 7, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial results for the first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Revenue of $175 million Net loss of $(22) million and diluted loss per share of $(1.38) Adjusted EBITDA of $12 million Net loss margin of (13)% Adjusted EBITDA margin of 7% Liquidity of $128 million, consisting of approximately $85 million of cash and approximate ...

HOUSTON, April 17, 2024 /PRNewswire/ -- KLX Energy Services Holdings, Inc. ("KLX" or the "Company") (NASDAQ: KLXE) announced today that it will report its 2024 first quarter financial results prior to the Company's live conference call, which can be accessed via dial-in or webcast, on Wednesday, May 8, 2024 at 10:00 a.m. Eastern Time (9:00 a.m. Central Time). What: KLX Energy Services 2024 First Quarter Earnings Conference Call When: Wednesday, May 8, 2024 at 10:00 a.m. Eastern Time / 9:00 a.m. Cent ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 01-38609 KLX Energy Services Holdings, Inc. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Delaware 36-4904146 (State of incorporation) (I.R.S. Employer Identification No.) 3040 Post ...

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Q4 2023 Earnings Conference Call March 7, 2024 10:00 AM ET Company Participants Ken Dennard - Dennard Lascar IR Christopher Baker - President and CEO Keefer Lehner - EVP and CFO Conference Call Participants Luke Lemoine - Piper Sandler Steve Ferazani - Sidoti & Company John Daniel - Daniel Energy Partners Operator Greetings. Welcome to KLX Energy Services Full Year 2023 and Fourth Quarter Earnings Conference Call. [Operator Instructions] As a reminder, this c ...

Dennard Lascar Investor Relations Ken Dennard / Natalie Hairston 713-529-6600 KLXE@dennardlascar.com NEWS RELEASE Contacts: KLX Energy Services Holdings, Inc. Keefer M. Lehner, EVP & CFO 832-930-8066 IR@klx.com KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FOURTH QUARTER 2023 RESULTS Company generates record annual revenue, Adjusted EBITDA and free cash flow HOUSTON, TX - March 6, 2024 - KLX Energy Services Holdings, Inc. (Nasdaq: KLXE) ("KLX", the "Company", "we", "us" or "our") today reported financial resul ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 3040 Post Oak Boulevard, 15th Floor Houston, TX 77056 (832) 844-1015 (Address, including zip code, and telephone number, including area code, of principal executive offices of registrant) Securities registered pursuant to Section 12(b) of the Act: For The Quarterly Period Ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO ...

KLX Energy Services Holdings, Inc. (NASDAQ:KLXE) Q2 2023 Earnings Conference Call August 10, 2023 10:00 AM ET Company Participants Zach Vaughan - Dennard Lascar, Investor Relations Christopher Baker - President & Chief Executive Officer Keefer Lehner - Executive Vice President and Chief Financial Officer Conference Call Participants David Marsh - Singular Research Luke Lemoine - Piper Sandler Operator Greetings, and welcome to the KLX Energy Services Second Quarter 2023 Earnings Conference Call. At this tim ...

Revenue and Financial Performance - For the three months ended June 30, 2023, total revenue was $234.0 million, an increase of $49.6 million or 26.9% compared to the same period in 2022[99]. - Revenue from the Southwest segment increased by $26.3 million or 43.8%, driven by a 52% contribution from increased weighted average price and 48% from increased weighted average volume[99]. - For the six months ended June 30, 2023, total revenue was $473.6 million, an increase of 40.7% from $336.7 million in the prior year period, reflecting recovery in economic activity and increased demand[108]. - Total operating income for the quarter ended June 30, 2023, was $19.6 million, a significant increase of 1300.0% from $1.4 million in the prior year period, driven by improvements in activity and pricing[103]. - Total operating income for the six months ended June 30, 2023, was $38.5 million, compared to an operating loss of $10.1 million in the prior year period, reflecting significant improvements across all segments[112]. - Net income for the quarter ended June 30, 2023, was $11.4 million, compared to a net loss of $7.5 million in the prior year period, primarily due to improved operating income[106]. Costs and Expenses - Cost of sales for the quarter was $173.3 million, representing 74.1% of sales, a decrease from 81.8% in the prior year, primarily due to improved pricing[100]. - Cost of sales for the six months ended June 30, 2023, was $354.2 million, or 74.8% of sales, down from 84.9% in the prior year period, due to improved pricing[109]. - For the quarter ended June 30, 2023, SG&A expenses were $22.0 million, or 9.4% of revenues, compared to $18.0 million, or 9.8% of revenues in the prior year period[101]. - Labor costs per employee increased by 12.3% compared to the same quarter in 2022, despite the overall decrease in cost of sales as a percentage of revenues[100]. Liquidity and Debt - As of June 30, 2023, the company had $82.1 million in cash and cash equivalents and $61.6 million available on the ABL Facility, resulting in total available liquidity of $143.7 million[116]. - The company had total outstanding long-term indebtedness of $283.8 million as of June 30, 2023, which includes borrowings under the ABL Facility and Senior Secured Notes[119]. - The ABL Facility was amended to increase the revolving credit commitment from $100.0 million to $120.0 million and extend the maturity date to September 2025[126]. - The company expects that its liquidity will improve based on current forecasts and operational results, although it cannot guarantee this increase[118]. - The company issued $250.0 million principal amount of 11.5% senior secured notes due 2025, with total debt related to these notes at $233.8 million as of June 30, 2023[129]. Capital Expenditures and Cash Flow - Capital expenditures for the six months ended June 30, 2023, were $26.5 million, up from $13.6 million in the same period of 2022, with expectations of total capital expenditures between $45.0 million and $55.0 million for the year ending December 31, 2023[134]. - Cash flows provided by operating activities for the six months ended June 30, 2023, were approximately $51.4 million, compared to cash used in operating activities of approximately $14.6 million for the same period in 2022[141]. - Net cash used in investing activities was $16.9 million for the six months ended June 30, 2023, compared to $7.1 million for the same period in 2022[146]. - The company incurred $9.8 million in net cash used in financing activities for the six months ended June 30, 2023, compared to $25.2 million provided in the same period of 2022[147]. Strategic Initiatives and Acquisitions - The company expects to continue pursuing strategic acquisitions to strengthen its competitive positioning and drive long-term stockholder value[80]. - The company completed the acquisition of Greene's on March 8, 2023, with its results included in the financial results post-acquisition[149]. - The estimated fair value of the assets acquired in the Greene's acquisition exceeded the purchase consideration, resulting in a bargain purchase gain[150]. - The company plans to use net proceeds from the ATM Offering for general corporate purposes, including refinancing outstanding indebtedness and funding acquisitions[139]. Operational Insights - The U.S. rig count as of June 30, 2023, was 674, a decrease of 13.0% since December 31, 2022, indicating a moderation in drilling activity[91]. - The company has seen increased demand for its services, allowing for price increases across all regions to offset higher costs[93]. - The ongoing conflict in Ukraine has contributed to a resurgence in crude oil prices, impacting demand for drilling and completion activities[90]. - The company operates over 60 service facilities across major shale basins, providing a broad portfolio of services to large independent and major oil and gas companies[82]. - The company holds 35 patents and 6 pending patent applications, reflecting its commitment to innovation and technical differentiation in the oilfield services market[85]. Internal Controls and Compliance - The company has established disclosure controls and procedures to ensure timely and accurate reporting as required by the SEC[157]. - As of June 30, 2023, the Chief Executive Officer and Chief Financial Officer concluded that the company's disclosure controls and procedures were effective[158]. - The company implemented a new enterprise resource planning (ERP) system during the second quarter of 2023, updating internal controls over financial reporting[160]. - The transition to the new ERP system is not expected to adversely affect internal control over financial reporting[160]. - The company is involved in various legal actions, but management believes these will not materially affect financial condition or results of operations[161].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-38609 KLX Energy Services Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 36-4904146 (State of Incorpor ...