Welcome to our dedicated page for KLX Energy Services Holdings news (Ticker: $KLXE), a resource for investors and traders seeking the latest updates and insights on KLX Energy Services Holdings stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect KLX Energy Services Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of KLX Energy Services Holdings's position in the market.
KLX Energy Services Holdings, Inc. reported financial results for the first quarter of 2024, with revenue of $175 million, a net loss of $(22) million, and adjusted EBITDA of $12 million. The company set a new US coiled tubing depth record and aims to improve margins through cost-cutting measures. Despite revenue and net loss declines compared to the previous quarter, KLX sees positive momentum in the second quarter and expects revenue of $180-$200 million with an adjusted EBITDA margin of 9-11%.