24/7 Market News Snapshot 08 May, 2025 – KLX Energy Services Holdings, Inc. Common Stock (NASDAQ:KLXE)

May 8, 2025

DENVER, Colo., 08 May, 2025 (www.247marketnews.com) – (Nasdaq:KLXE) are discussed in this article.
KLX Energy Services Holdings, Inc. (Nasdaq:KLXE) opened today’s trading at $1.98 and is currently experiencing bearish momentum, with its stock trading at $1.965, reflecting a slight decrease of approximately 0.25%. The trading volume stands at 622.76K, indicating significant market activity. This downward trajectory may mirror broader market trends or specific sector conditions, warranting a careful observation of support levels near $1.95 and resistance around $2.00 for potential trading signals. Traders are advised to remain vigilant for any volume spikes that could signal either a reversal in the current trend or a confirmation of the existing bearish sentiment surrounding KLXE’s stock performance.

In addition to these trading activities, KLX recently disclosed its financial results for the first quarter ended March 31, 2025. The company reported revenues of $154 million, marking a 6.9% decrease from the previous quarter, largely due to seasonal market fluctuations and a reduction in completion activities. In contrast, KLX achieved an adjusted EBITDA of $14 million, reflecting a robust increase of 15% year-over-year. The adjusted EBITDA margin improved to 9%, a notable rise of 30% compared to the same quarter last year, signaling operational resilience amid industry uncertainties.

CEO Chris Baker highlighted the company’s focus on cost controls, which have helped maintain competitive margins despite lower activity levels, expressing cautious optimism for a recovery in revenues. With total liquidity reaching $58 million, including $15 million in cash and borrowing capacity of $43 million, KLX remains well-positioned for strategic initiatives, including share repurchases and enhanced financial flexibility following a refinancing completed in March. This solid performance underscores KLX Energy Services’ adaptability and commitment to driving shareholder value in a challenging energy landscape.

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