KLX Q2 Meets on Earnings and Beats on Revenues

KLX Q2 Meets on Earnings and Beats on Revenues

KLX reported Wednesday adjusted diluted EPS of $0.73 for Q2, up from last year’s $0.45 and in line with Street view. Revenues grew 13.6% to $430.6 million, exceeding the average analyst estimate of $425.2 million, driven by organic revenue growth in the aerospace solutions segment. For 2017, the company still expects revenues to increase 17% to approximately $1.75 billion, with adjusted diluted EPS of $3.

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