KLX Energy Services Holdings Cuts FY23 Capital Spending From $60M-$70M To $45M-$55M
Portfolio Pulse from Benzinga Newsdesk
KLX Energy Services Holdings has announced a reduction in its FY23 capital spending from $60M-$70M to $45M-$55M.
August 09, 2023 | 8:54 pm
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KLX Energy Services Holdings has reduced its FY23 capital spending, which could potentially impact the company's growth and stock price.
KLX Energy Services Holdings' decision to reduce its capital spending could indicate a potential slowdown in its growth, which could negatively impact its stock price. Investors may see this as a sign of financial caution or potential difficulties, leading to a potential decrease in the stock's value.
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IMPORTANCE 80
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