KLX Energy (KLXE) Q1 2026 Earnings Transcript

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DATE

Wednesday, May 13, 2026 astatine 10 a.m. ET

CALL PARTICIPANTS

• President and Chief Executive Officer — Christopher J. Baker

• Interim Chief Financial Officer — Geoffrey C. Stanford

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Full Conference Call Transcript

Ken Dennard: Thank you, operator, and bully morning, everyone. We admit you joining america for the KLX Energy Services league telephone and webcast to reappraisal archetypal 4th 26 results. With maine contiguous are Christopher J. Baker, President and Chief Executive Officer and Jeff Stanford, interim main fiscal officer. Following my remarks, absorption volition supply commentary connected its quarterly fiscal results and outlook earlier opening the telephone for your questions. There volition beryllium a replay of today's telephone that volition beryllium disposable by webcast connected the website astatine www.klx.com. And determination volition besides beryllium a telephonic recorded replay disposable until 05/27/2026. More accusation connected however to entree these replay features was included successful yesterday's net release.

Please enactment that the accusation reported connected this telephone speaks lone arsenic of today, 05/13/2026 and therefore, you are advised that clip delicate accusation whitethorn nary longer beryllium close arsenic of the clip of immoderate replay listening oregon transcript reading. Also, comments connected this telephone volition incorporate guardant looking statements wrong the meaning of the United States Federal securities laws. These guardant looking statements bespeak the existent views of KLX management. However, assorted risks and uncertainties and contingencies could origin existent results performance, oregon achievements to disagree materially from those expressed successful the statements made by management.

The listener oregon scholar is encouraged to work the yearly study connected Form 10 k, quarterly reports connected Form 10 Q, and existent reports connected Form 8-K to recognize those definite risks, uncertainties, and contingencies. The comments contiguous volition besides see definite non GAAP fiscal measures, Additional details and reconciliations to the astir straight comparable GAAP fiscal measures are included successful the quarterly property merchandise which tin beryllium recovered connected the KLX website. And present with that down me, I would similar to crook the telephone implicit to Christopher J. Baker. Christopher?

Christopher J. Baker: Thank you, Ken, and bully morning, everyone. I volition commencement with a little overview of our archetypal 4th results and caller trends crossed the portfolio, Then aboriginal successful the call, I volition sermon the existent marketplace backdrop, and however we are reasoning astir the remainder of 2026. Before getting into the numbers, I privation to again admit men and women of the US subject who stay deployed successful The Middle East. While the concern has evolved since our past call, it is acold from resolved and galore work members and their families are inactive surviving with important uncertainty. Nearly 100 KLX employees are veterans, and galore much crossed our manufacture stock that connection.