$KLXI (KLX Inc.)

$KLXI {{ '2016-05-23T12:52:43+0000' | timeago}} • Webcast

Michael Ciarmoli from KeyBanc Capital asks on ESG, if there is any change to the company's CapEx plans. $KLXI said its CapEx in 1Q16 was $19MM and it does not expect to spend more than $40MM for FY16, which includes Herndon. So the CapEx spending is coming down substantially.

$KLXI {{ '2017-12-06T12:49:27+0000' | timeago}} • Announcement

$KLXI raised its FY17 adjusted net EPS guidance by $0.10 to approx $3.10 per share. The company anticipates revenues to increase about 17% to approx $1.75Bil and operating earnings to grow around 72% to approx $222MM during this period.

$KLXI {{ '2017-12-06T12:37:33+0000' | timeago}} • Announcement

$KLXI revenues rose 17.4% to $456.7MM in 3Q17, driven by a 5.4% increase in Aerospace Solutions Group segment revenues. Net income rose to $25.8MM, or $0.51 per share compared to $19.8MM, or $0.38 per share in the year-over period. On an adjusted basis, earnings improved 60% to $0.88 per share.

$KLXI {{ '2017-05-24T19:30:10+0000' | timeago}} • Webcast

$KLXI expects a larger increase in working capital as compared to its earlier expectations more or less in line with the accelerating revenue growth at the back-end of 2017. The company expects to invest more in capital expenditures this year than earlier expected. $KLXI expects a pretty growth particularly in 4Q17.

$KLXI {{ '2017-05-24T19:27:27+0000' | timeago}} • Webcast

$KLXI expects market share gains that it achieved in 2016 and new business awards at that time to begin to materially impact its revenues this year. $KLXI still expects a very significant increase in organic revenue growth in the back half of 2017 as a result of the gains, which the company made last year.

$KLXI {{ '2017-05-24T19:22:58+0000' | timeago}} • Webcast

$KLXI expects that the portion of its business that supports commercial aerospace manufacturing customers will grow at a faster rate than current market trend, particularly in the back half of 2017, driven by new program wins and market share gains that it announced last year.

$KLXI {{ '2017-05-24T19:22:47+0000' | timeago}} • Webcast

With respect to commercial aerospace manufacturing activity, $KLXI expects market conditions to remain muted in 2017 as commercial aircraft production and delivery rates appear to be about flat.

$KLXI {{ '2017-05-24T11:38:48+0000' | timeago}} • Announcement

$KLXI expects 2017 Energy Services Group revenues to increase more than 70%. Energy Services Group operating earnings are expected to reach breakeven on a quarterly basis in 3Q17 or 4Q17.

$KLXI {{ '2017-05-24T11:38:34+0000' | timeago}} • Announcement

$KLXI expects 2017 Aerospace Solutions Group revenues to increase by a high-single digit percentage, reflecting slower organic growth in 1H17, followed by an acceleration in growth in 2H17, as new programs and market share gains begin to materially contribute to Aerospace Solutions Group's growth rate.

$KLXI {{ '2017-05-24T11:38:09+0000' | timeago}} • Announcement

$KLXI expects 2017 revenue to increase about 17% to $1.75Bil and operating earnings to increase about 72% to $222MM. The company sees adjusted earnings to increase about 68% to $157MM and adjusted EPS to rise about 68% to $3.00.

$KLXI {{ '2017-05-24T11:37:54+0000' | timeago}} • Announcement

$KLXI reported a jump in 1Q17 earnings driven by a 10% rise in Aerospace Solutions Group revenue and a 72.4% jump in Energy Services Group revenue. Net income rose to $18.4MM or $0.36 per share from $2.5MM or $0.05 per share last year. Revenue grew to $411.3MM from $352.8MM. Adjusted EPS increased to $0.67 from $0.26.

$KLXI {{ '2017-04-17T14:11:18+0000' | timeago}} • Announcement

$KLXI expects FY17 revenue of about $1.75Bil, operating earnings of about $222MM, adjusted earnings of about $157MM and adjusted EPS of about $3.00. This assumes recognition in FY17 of prior deferred revenues and earnings from 2016, and about 2% ruse in revenues and a 3.5% rise in adjusted earnings and adjusted EPS from prior FY17 estimate.

$KLXI {{ '2017-03-13T13:31:18+0000' | timeago}} • Announcement

$KLXI BoD authorized an increase in its share repurchase authorization from $100MM to $200MM. The company has repurchased approx. $60MM of shares to date under the original authorization. This increased authorization allows for an additional $140MM of future share repurchases.

$KLXI {{ '2017-03-07T14:36:35+0000' | timeago}} • Webcast

$KLXI's business that supports commercial aerospace manufacturing customers is expected to deliver solid growth in 2017. The company said the growth will be primarily driven by 2016 new program wins and market share gains, beginning particularly in 2H17.

$KLXI {{ '2017-03-07T14:34:36+0000' | timeago}} • Webcast

$KLXI said it is optimistic about the outlook for its Energy Services Group business as U.S. onshore production activity continues to improve. The company expects to be able to report strong quarterly earnings comparisons to prior year results beginning in 1Q17 and throughout the calendar year.

$KLXI {{ '2017-03-07T13:53:50+0000' | timeago}} • Announcement

$KLXI now expects 2017 revenue growth of about 10% compared to prior estimate of 8-10%. $KLXI lifted operating earnings growth outlook to about 45% from 40% and adjusted earnings growth guidance to about 40% from 33%. $KLXI now predicts 2017 earnings, before income taxes, of more than double.

$KLXI {{ '2017-03-07T13:48:26+0000' | timeago}} • Announcement

$KLXI swung to a 4Q16 profit from a loss last year, driven by lower selling, general and administrative expenses. Net income was $19MM or $0.36 per share compared to a loss of $10.3MM or $0.20 per share last year. Revenue grew to $382MM from $358.2MM. Adjusted EPS was $0.53 compared to a loss of $0.09 a year ago.

$KLXI {{ '2017-01-11T14:17:36+0000' | timeago}} • Announcement

$KLXI announced major new business awards for its Aerospace Solutions Group business. These new program awards represent significant market share gains and are initially valued at about $300MM in the aggregate.

$KLXI {{ '2016-12-08T15:01:50+0000' | timeago}} • Webcast

$KLXI stated that the business jet and legacy military businesses in aggregate form less than 10% of its overall business. Although the company had a negative impact from this business during the past quarter, it was able to show 4.5% organic revenue growth. The lackluster performance of these industries was not a drag on the business growth.

$KLXI {{ '2016-12-08T14:43:40+0000' | timeago}} • Webcast

$KLXI said the strength in aftermarket was primarily driven by maintenance, repair and overhaul (MRO) which was specifically related to a pickup in aircraft maintenance activity. The company believes this pickup is due to a large number of airplanes going through heavy maintenance for the first time.

$KLXI {{ '2016-12-08T14:33:09+0000' | timeago}} • Webcast

During 3Q16, $KLXI repurchased approx. $5MM of common shares at an average price of $33.39 per share. Total share repurchases for YTD 2016 have been approximately $10.5MM at an average price of $31.63. There were no borrowings outstanding under the company’s $750MM credit facility.

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