KLXE Q2 2019 Earnings Report — KLX Energy Services Holdings, Inc. Revenue & Financial Results | Market Cap Arena

KLX Energy Services Holdings, Inc.KLXE

Q2 2019 Earnings

Reported August 22, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	Q2 2019	Q1 2019	Q2 2018	QoQ Change	YoY Change
Revenue	$165M	$146M	$118M	13.1%	39.9%
Op. Income	$11M	$2M	$14M	358.3%	-19.7%
Gross Margin	21.5%	18.4%	27.3%	3.1pp	-5.8pp
Net Margin	2.1%	-3.4%	11.5%	5.6pp	-9.4pp
EPS (Diluted)	$0.78	$-1.18	$3.35	166.1%	-76.7%
Free Cash Flow	-$20M	-$25M	$8M	23.2%	-340.7%

Revenue Flow

Item	Amount
REVENUE	$165M
Cost of Revenue	$129M
GROSS PROFIT	$36M
R&D Expenses	$800.0K
Selling & Marketing	$0
General & Administrative	$24M
SG&A Expenses	$24M
Other Expenses	$0
Operating Expenses	$25M
Cost & Expenses	$154M
OPERATING INCOME	$11M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$4M
Income Tax Expense	$100.0K
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$17M
EBIT	$11M
EBITDA	$28M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$165M
Cost of Revenue	$129M
GROSS PROFIT	$36M
R&D Expenses	$800.0K
Selling & Marketing	$0
General & Administrative	$24M
SG&A Expenses	$24M
Other Expenses	$0
Operating Expenses	$25M
Cost & Expenses	$154M
OPERATING INCOME	$11M
Interest Income	$0
Interest Expense	$7M
Other Income/Expenses	-$7M
INCOME BEFORE TAX	$4M
Income Tax Expense	$100.0K
Net Income from Continuing Ops	$4M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4M
D&A	$17M
EBIT	$11M
EBITDA	$28M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$4M
Depreciation & Amortization	$17M
Stock-Based Compensation	$5M
Deferred Income Tax	$2M
Other Non-Cash Items	$200.0K
Change in Working Capital	-$19M
OPERATING CASH FLOW	$8M
Capital Expenditure	-$27M
Acquisitions (Net)	$300.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$200.0K
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	$0
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$0
NET CASH FROM FINANCING	$800.0K
FREE CASH FLOW	-$20M
Net Change in Cash	-$18M

Balance Sheet

Item	Amount
Cash & Equivalents	$92M
Short-Term Investments	$0
Net Receivables	$153M
Inventory	$16M
Other Current Assets	$8M
TOTAL CURRENT ASSETS	$270M
PP&E (Net)	$330M
Goodwill	$70M
Intangible Assets	$48M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$16M
TOTAL NON-CURRENT ASSETS	$464M
TOTAL ASSETS	$733M
Account Payables	$49M
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$0
TOTAL CURRENT LIABILITIES	$82M
Long-Term Debt	$243M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$7M
Other Non-Current Liabilities	$6M
TOTAL NON-CURRENT LIABILITIES	$255M
TOTAL LIABILITIES	$337M
Common Stock	$200.0K
Additional Paid-In Capital	$403M
Retained Earnings	-$6M
Treasury Stock	-$1M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$396M
Minority Interest	$0
TOTAL EQUITY	$396M
TOTAL LIABILITIES & EQUITY	$733M
Total Debt	$243M
Net Debt	$150M