KLXE FY 2023 Earnings Report — KLX Energy Services Holdings, Inc. Revenue & Financial Results | Market Cap Arena

KLX Energy Services Holdings, Inc.KLXE

FY 2023 Earnings

Reported March 8, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$888M	—	$782M	—	13.7%
Op. Income	$57M	—	$33M	—	75.1%
Gross Margin	24.3%	—	20.5%	—	3.8pp
Net Margin	2.2%	—	-0.4%	—	2.6pp
EPS (Diluted)	$1.22	—	$-0.27	—	551.9%
Free Cash Flow	$59M	—	-$20M	—	394.0%

Revenue Flow

Item	Amount
REVENUE	$888M
Cost of Revenue	$673M
GROSS PROFIT	$216M
R&D Expenses	$1M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$87M
Other Expenses	$71M
Operating Expenses	$159M
Cost & Expenses	$832M
OPERATING INCOME	$57M
Interest Income	$2M
Interest Expense	$37M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$22M
Income Tax Expense	$3M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$73M
EBIT	$59M
EBITDA	$132M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$888M
Cost of Revenue	$673M
GROSS PROFIT	$216M
R&D Expenses	$1M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$87M
Other Expenses	$71M
Operating Expenses	$159M
Cost & Expenses	$832M
OPERATING INCOME	$57M
Interest Income	$2M
Interest Expense	$37M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$22M
Income Tax Expense	$3M
Net Income from Continuing Ops	$19M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$19M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$19M
D&A	$73M
EBIT	$59M
EBITDA	$132M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$19M
Depreciation & Amortization	$73M
Stock-Based Compensation	$3M
Deferred Income Tax	$0
Other Non-Cash Items	-$11M
Change in Working Capital	$31M
OPERATING CASH FLOW	$116M
Capital Expenditure	-$57M
Acquisitions (Net)	$1M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$16M
NET CASH FROM INVESTING	-$40M
Net Debt Issuance	-$15M
Common Stock Repurchased	-$400.0K
Common Dividends Paid	$0
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$21M
FREE CASH FLOW	$59M
Net Change in Cash	$55M

Balance Sheet

Item	Amount
Cash & Equivalents	$113M
Short-Term Investments	$0
Net Receivables	$127M
Inventory	$34M
Other Current Assets	$17M
TOTAL CURRENT ASSETS	$290M
PP&E (Net)	$243M
Goodwill	$0
Intangible Assets	$2M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$250M
TOTAL ASSETS	$540M
Account Payables	$88M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$18M
TOTAL CURRENT LIABILITIES	$164M
Long-Term Debt	$284M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$400.0K
TOTAL NON-CURRENT LIABILITIES	$337M
TOTAL LIABILITIES	$501M
Common Stock	$100.0K
Additional Paid-In Capital	$553M
Retained Earnings	-$509M
Treasury Stock	-$5M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$39M
Minority Interest	$0
TOTAL EQUITY	$39M
TOTAL LIABILITIES & EQUITY	$540M
Total Debt	$365M
Net Debt	$253M