KLX Energy Services Announces Share Repurchase Authorization
KLX Energy Services Holdings, Inc. (KLXE)
Last klx energy services holdings, inc. earnings: 3/9 06:00 am
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Source: GlobeNewswire
WELLINGTON, Fla., Aug. 12, 2019 (GLOBE NEWSWIRE) -- KLX Energy Services Holdings, Inc. (the “Company”) (NASDAQ:KLXE) announced today that its Board of Directors has authorized a share repurchase program. The program authorization is for a maximum of $50 million. The Company expects to complete the intensive capital investment phase of its strategy by the end of fiscal year 2019 and is therefore expecting strong free cash flow in fiscal year 2020. The Company’s strategy to roll out large diameter coiled tubing spreads to all its Geographical Segments and to pull through its broad range of asset light services in conjunction with the coiled tubing roll out has been working successfully. The Company, which currently has 8 large diameter coiled tubing spreads in operation, expects to take delivery of 5 additional large diameter coiled tubing spreads by the end of fiscal year 2019. The Company may repurchase shares on the open market or through privately negotiated transactions at
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- 11/14/24 - Form 8-K
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- 10/31/24 - Form 10-Q
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