KLX Energy Services Holdings Inc. (KLXE) Misses Q3 EPS by 28c, Revenues Miss
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KLX Energy Services Financial Results for Third Quarter Ended October 31, 2019; Implements Major Cost Reduction Program; Strong Third Quarter Cash Flow
December 5, 2019 6:01 AM ESTWELLINGTON, Fla., Dec. 05, 2019 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (KLX Energy Services or the Company) (NASDAQ: KLXE), a leading U.S. onshore provider of mission critical, asset light oilfield services, today reported its third fiscal quarter ended October 31, 2019 financial results.
The oilfield services industry experienced an abrupt deterioration in demand during the three-month period ended October 31, 2019. As previously reported, the Company responded to the decline in demand, which accelerated through the end of our third quarter, with contemporaneous cost reductions in all aspects of the Companys business.... More
