KLX Energy Services Holdings Inc 2024年度报告

FORM10-K (Mark One) ☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year endedDecember31, 2024 OR ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number:01-38609KLX Energy Services Holdings, Inc. (Exact name of registrant as specified in its charter) Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes☐No☒ Indicate by check mark if the Registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes☐No☒ Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the Registrant was required to file such reports) and (2)has been subject to such filing requirements for the past 90days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T(§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of theExchange Act. Non-accelerated filer If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section13(a)of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect thecorrection of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of theregistrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☒ As of June 30, 2024, the aggregate market value of the registrant’s common stock held by non‑affiliates was approximately $72.4million. Shares of common stock heldby executive officers and directors have been excluded since such persons may be deemed affiliates. This determination of affiliate status is not a determination for anyother purpose. The registrant has one class of common stock, $0.01 par value, of which17,403,369shares were outstanding as of February28, 2025. DOCUMENTS INCORPORATED BY REFERENCE: Portions of the Registrant’s proxy statement for its annual meeting of stockholders to be held on May7, 2025, which will be filed with the Securities and ExchangeCommission within 120 days of December31, 2024, are incorporated by reference in Part III. KLX Energy Services Holdings, Inc.Table of Contents PART I Item1. Business7Item 1A. Risk Factors23Item 1B. Unresolved Staff Comments47Item 1C. Cybersecurity47Item 2. Properties50Item 3. Legal Proceedings50Item 4. Mine Safety Disclosures50PARTIIItem 5. Market for Registrant's Common Equity, Related Shareholder Matters and Issuer Purchases of EquitySecurities51Item 6. Reserved51Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations53Item 7A. Quantitative and Qualitative Disclosures About Market Risk67Item 8. Financial Statements68Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure94Item 9A. Controls and Procedures94Item 9B. Other Information97Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspection97PARTIIIItem 10. Directors, Executive Officers and Corporate Governance97Item 11. Executive Compensation101Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters101Item 13. Certain Relationships and Related Transactions, and Director Independence101Item 14. Principal Accounting Fees and Services101PARTIVItem 15. Exhibits101Item 16. Form 10-K Summary106Signatures107 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS The Private Securities Litigation Reform Ac