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KLX ENERGY SERVICES HOLDINGS, INC. REPORTS FIRST QUARTER 2025 RESULTS
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, 2025.
About this update from Klx Energy Services Holdings, Inc.
[{"type":"text","content":"HOUSTON, May 8, 2025 /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, 2025.","length":267,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Financial and Operational Highlights","length":60,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Revenue of $154 million","length":23,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss of $(28) million and diluted loss per share of $(1.62)","length":63,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA of $14 million, a 15% increase over first quarter 2024","length":70,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss margin of (18)%","length":24,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA margin of 9%, a 30% increase over first quarter 2024","length":68,"tagName":"p"}]},{"val":[{"type":"text","content":"Total liquidity of $58 million, consisting of approximately $15 million of cash and cash equivalents, and approximately $43 million of available borrowing capacity under the March 2025 asset-based revolving credit facility (the "ABL Facility") borrowing base certificate, inclusive of the undrawn first-in-last-out ("FILO") capacity","length":352,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":600,"olType":false},{"type":"text","content":"See "Non-GAAP Financial Measures" at the end of this release for a discussion of Adjusted EBITDA, Adjusted EBITDA margin, Adjusted Net Loss, Adjusted Diluted Loss per share, Unlevered and Levered Free Cash Flow, Net Working Capital, Net Debt and their reconciliations to the most directly comparable financial measure calculated and presented in accordance with U.S. generally accepted accounting principles ("GAAP"). We have not provided reconciliations of our future expectations as to Adjusted EBITDA or Adjusted EBITDA margin as such reconciliations are not available without unreasonable efforts.","length":626,"tagName":"p"},{"type":"text","content":"Chris Baker, KLX President and Chief Executive Officer, stated, "First quarter results came in basically as expected. Our company-wide focus on cost controls enabled...