KLX Energy Services Holdings, Inc. (KLXE)

[USAMade]

THIRD QUARTER HIGHLIGHTS

Revenues were $134.5 million, a decrease of 18.4 percent as compared to the second quarter of 2019
Adjusted operating loss was $(4.0) million, as compared to second quarter Adjusted operating earnings of $11.9 million1
Adjusted EBITDA was $17.4 million, or 12.9 percent of revenues, as compared to second quarter Adjusted EBITDA and Adjusted EBITDA margin of $33.0 million and 20.0 percent, respectively2
Adjusted Net Loss and Adjusted Net Loss per diluted share were $(5.0) million and $(0.22) per diluted share, respectively, as compared to second quarter Adjusted Net Earnings and Adjusted Net Earnings per diluted share of $10.1 million and $0.45 per diluted share, respectively3
1 Excludes Costs as Defined
2 Excludes Costs as Defined and non-cash compensation expense
3 Excludes Costs as Defined, amortization and non-cash compensation expense