KLX Energy Services Holdings Inc (NASDAQ:KLXE) Q2 2020 Earnings Conference Call - Final Transcript

Sep 03, 2020 • 10:00 am ET


KLX Energy Services Holdings Inc (NASDAQ:KLXE) Q2 2020 Earnings Conference Call - Final Transcript


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Greetings, and welcome to the KLX Energy Services Fiscal 2020 Second Quarter Earnings Conference Call. [Operator Instructions]

It is now my pleasure to introduce your host, Ken Dennard with Dennard Lascar. Thank you, Mr. Dennard, you may begin.

Ken Dennard

Thank you, operator, and good morning everyone. We appreciate you joining us for the KLX Energy Services conference call and webcast to review fiscal second quarter 2020 results.

With me today are Chris Baker, KLX's President and Chief Executive Officer; and Keefer Lehner, Chief Financial Officer and Executive Vice President. Following my remarks, Management will provide a commentary on the recent completion of the KLXE-Quintana merger, the financial details of the second quarter and their integration and operational plans and outlook before opening the call to Q&A. There will be a replay of today's call and it will be available by webcast on the Company's website at klxenergy.com. There will also be a recorded replay available until September 10, 2020 more information on how to access that replay feature was included in yesterday's earnings release.

Please note that information reported on this call speaks only as of today, September 3rd, 2020 and therefore you are advised that time sensitive information may no longer be accurate as of the time of any replay listening or transcript reading. In addition, Management's comments may contain forward-looking statements within the meaning of the United States Federal Securities laws. These forward-looking statements reflect the current views of KLX's management. However various risks, uncertainties and contingencies could cause actual results, performance or achievements to differ materially from those expressed in the statements made by Management. The listener is encouraged to read the report -- Annual Report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K to understand certain of those risks, uncertainties and contingencies.

The comments today may also include certain non-GAAP financial measures. Additional details and reconciliation to the most directly comparable GAAP financial measures are included in the quarterly press release, which can be found on the KLX Energy website.

And now, finally, I'd like to turn the call over to KLX Energy Services, President and CEO, Mr. Chris Baker. Chris?

Christopher J. Baker

Thank you, Ken, and good morning everyone. Thank you for joining us today for KLX Energy Services fiscal second quarter 2020 conference call. This is an exciting time for all of us, as it represents the inaugural post merger call for the new KLX, which brings together the outstanding personnel, comprehensive asset and customer bases and extensive industry expertise of two leading oilfield services companies, KLZ Energy Services and Quintana Energy Services.

Since the closing of this merger, on July 28, I have formally taken on the role of President and Chief Executive Officer of KLX. And Keefer Lehner, has likewise assumed the role of Executive Vice President and Chief Financial Officer of the Company. Together, with the rest of our leadership team, we see the tremendous potential of this merger and look forward to the successful integration and bright future