Brief: Klx Energy Services Reports Q1 Adjusted Loss Per Share $0.87

KLX Energy Services Holdings

04/06/2020 09:17

June 4 (Reuters) - KLX Energy Services Holdings Inc
 KLXE.O :
    * KLX ENERGY SERVICES REPORTS FINANCIAL RESULTS FOR FIRST
QUARTER
ENDED APRIL 30, 2020; COMMENTS ON PENDING MERGER WITH QUINTANA
ENERGY SERVICES, INC. AND ONGOING COST REDUCTION INITIATIVES
    * Q1 REVENUE FELL 16 PERCENT TO $83 MILLION
    * Q1 ADJUSTED LOSS PER SHARE $0.87
    * KLX ENERGY SERVICES REPORTS FINANCIAL RESULTS FOR FIRST
QUARTER
ENDED APRIL 30, 2020; COMMENTS ON PENDING MERGER WITH QUINTANA
ENERGY SERVICES, INC. AND ONGOING COST REDUCTION INITIATIVES
    * WORKFORCE  AT ABOUT 1,646 EMPLOYEES  ON JULY 31, 2019 & 
ABOUT
790 EMPLOYEES ON MAY 31, 2020, A REDUCTION OF 52 %

Source text for Eikon:  ID:nGNX5DX5qd 
Further company coverage:  KLXE.O 

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