KLX Energy Services Holdings Reports Preliminary Q4 Revenue of $193M-$195M Vs $218.13M Est, Adj EBITDA of $22M-$25M
Portfolio Pulse from Benzinga Newsdesk
KLX Energy Services Holdings reported its preliminary Q4 revenue to be between $193M-$195M, which is below the estimated $218.13M. The company also expects a net loss of $10M-$8M and an adjusted EBITDA of $22M-$25M for the same period.

February 26, 2024 | 11:14 am
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KLX Energy Services Holdings reported lower-than-expected preliminary Q4 revenue and a net loss, but provided an adjusted EBITDA forecast.
The reported preliminary revenue for KLX Energy Services Holdings is significantly below the estimated figures, indicating a potential negative impact on investor sentiment and stock price in the short term. The net loss further compounds this outlook, although the adjusted EBITDA provides a slight mitigating factor. However, the overall negative revenue and loss figures are likely to dominate investor reactions.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100