- KLX Energy Services (KLXE +18.7%) reports Q3 sales increase 38.1% Y/Y to $123.2M, driven by higher activity levels throughout all operating segments
- Sales by segment: Rocky Mountains: $48.1M (+34.4%); Northeast/Mid-Con: $36.9M (+66.2%); Southwest: $38.2M (+22.4%)
- On product line basis, completion revenues was up 52.2%, production revenues grew 42.8% and intervention revenues +10.9%.
- Adjusted operating margin expands 1,265bps to 10.6%; Adjusted EBITDA margin improves from 10.3% to 21.6%.
- Issues increased FY18 guidance and expects FY18 revenues to increase by ~62% to ~$520M; Q4 organic revenue growth is expected to be high single digit percentage increase, as compared to Q3
- ROIC is expected to be ~18%
- For FY19 sales are anticipated to be ~$750M (+45%); adjusted EBITDA of $190M (+65%), with margin of ~25%; adjusted net earnings & diluted EPS to be ~$97M & ~$4.50, respectively
- Previously: KLX Energy Services Holdings reports Q3 results (Dec. 5)
- Now read: KLX Energy Services Holdings, Inc. 2018 Q3 - Results - Earnings Call Slides
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