Yahoo Finance KLX Energy Services Holdings Full Year 2023 Earnings: EPS Misses Expectations
KLX Energy Services Holdings (NASDAQ:KLXE) Full Year 2023 Results
Key Financial Results
Revenue: US$888.4m (up 14% from FY 2022).
Net income: US$19.2m (up from US$3.10m loss in FY 2022).
Profit margin: 2.2% (up from net loss in FY 2022). The move to profitability was driven by higher revenue.
EPS: US$1.23 (up from US$0.27 loss in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
KLX Energy Services Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 25%.
The primary driver behind last 12 months revenue was the Northeast/Mid-Con segment contributing a total revenue of US$312.2m (35% of total revenue). Notably, cost of sales worth US$672.5m amounted to 76% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$86.7m (44% of total expenses). Explore how KLXE's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 1.7% p.a. on average during the next 2 years, compared to a 7.7% growth forecast for the Energy Services industry in the US.
Performance of the American Energy Services industry.
The company's shares are down 11% from a week ago.
Risk Analysis
You should always think about risks. Case in point, we've spotted 1 warning sign for KLX Energy Services Holdings you should be aware of.
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