Overview

* KLX Energy Services ( KLXE ) Q3 revenue grows 5%, beating analyst expectations

* Adjusted EBITDA for Q3 rises 14%, beating analyst estimates

Outlook

* Company expects mid-single-digit revenue decline in Q4 due to seasonality

* KLX anticipates stable Adjusted EBITDA margins in Q4

Result Drivers

* STRATEGIC ASSET ALLOCATION - Co attributes revenue growth to strategic asset allocation and improved utilization in key regions

* MID-CON/NORTHEAST CONTRIBUTION - Completion-oriented product lines in Mid-Con/Northeast region contributed significantly to revenue growth

* MARKET HEADWINDS - Co overcame market headwinds including commodity price volatility and weaker OFS demand

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $166.70 $164.60

Revenue mln mln (1

Analyst)

Q3 Slight -$14 mln -$13.90

Adjusted Miss* mln (1

Net Analyst)

Income

Q3 Net -$14.30

Income mln

Q3 Beat $21.10 $19.40

Adjusted mln mln (1

EBITDA Analyst)

Q3 13.00%

Adjusted

EBITDA

Margin

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* Wall Street's median 12-month price target for KLX Energy Services Holdings Inc ( KLXE ) is $4.00, about 56.3% above its November 4 closing price of $1.75

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)