KLX Energy Services Tightens Q3 Revenue Guidance Range

MT Newswires Live09-26

KLX Energy Services (KLXE) said Friday it has tightened its Q3 revenue guidance range to $180 million to $185 million, compared with the previous outlook of $176 million to $188 million.

One analyst polled by FactSet expects $181.3 million.

The company said it expects Q3 adjusted earnings before interest, taxes, depreciation and amortization margin of 13% to 14%. Also, it anticipates adjusted EBITDA to grow by about 30% at the midpoint of the guidance range.

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