KLX Energy Services Holdings, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
March 06, 2024 at 04:20 pm EST
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KLX Energy Services Holdings, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 194.2 million compared to USD 223.3 million a year ago. Net loss was USD 9.2 million compared to net income of USD 13.2 million a year ago. Basic loss per share from continuing operations was USD 0.58 compared to basic earnings per share from continuing operations of USD 1.07 a year ago. Diluted loss per share from continuing operations was USD 0.58 compared to diluted earnings per share from continuing operations of USD 1.06 a year ago.
For the full year, sales was USD 888.4 million compared to USD 781.6 million a year ago. Net income was USD 19.2 million compared to net loss of USD 3.1 million a year ago. Basic earnings per share from continuing operations was USD 1.23 compared to basic loss per share from continuing operations of USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 1.22 compared to diluted loss per share from continuing operations of USD 0.27 a year ago.
KLX Energy Services Holdings, Inc. is a provider of diversified oilfield services to onshore oil and natural gas exploration and production companies operating in both conventional and unconventional plays in all of the active basins throughout the United States. It operates in three segments: the Southwest Region (the Permian Basin and Eagle Ford Shale), the Rocky Mountains Region (the Bakken, Williston, DJ, Uinta, Powder River, Piceance, and Niobrara basins) and the Northeast/Mid-Con Region (the Marcellus and Utica Shale as well as the Mid-Continent STACK and SCOOP and Haynesville). Its primary services include directional drilling, coiled tubing, hydraulic frac rentals, fishing, pressure control, wireline, rig-assisted snubbing, fluid pumping, flowback, testing, pressure pumping, and well control services. Its primary rentals and products include hydraulic fracturing stacks, blow out preventers, tubulars, downhole tools, dissolvable plugs, composite plugs, and accommodation units.
KLX ENERGY SERVICES HOLDINGS, INC. 
