KLX Energy Services Holdings Inc 2024年度报告

FORM 10-K (Mark One) ☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 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 Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file suchreports) and (2) has been subject to such filing requirements for the past 90 days.Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe 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 smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(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 theeffectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) bythe 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 theregistrant included in the filing reflect the correction 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-basedcompensation received by any of the registrant’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 held by executive officers and directors have been excluded since such persons may be deemedaffiliates. This determination of affiliate status is not a determination for any other purpose. The registrant has one class of commonstock, $0.01 par value, of which 17,403,369 shares were outstanding as of February 28, 2025. DOCUMENTS INCORPORATED BY REFERENCE: Portions of the Registrant’s proxy statement for its annual meeting of stockholders to be held on May 7, 2025, which will be filed withthe Securities and Exchange Commission within 120 days of December 31, 2024, are incorporated by reference in Part III. KLX Energy Services Holdings, Inc.Table of Contents PART I Item 1. BusinessItem 1A. Risk FactorsItem 1B. Unresolved Staff CommentsItem 1C. CybersecurityItem 2. PropertiesItem 3. Legal ProceedingsItem 4. Mine Safety Disclosures PART IIItem 5. Market for Registrant's Common Equity, Related Shareholder Matters and IssuerPurchases of Equity Securities51Item 6. Reserved51Item 7. Management's Discussion and Analysis of Financial Condition and Results ofOperations53Item 7A. Quantitative and Qualitative Disclosures About Market Risk67 Item 8. Financial Statements68Item 9. Changes in and Disagreements with Accountants on Accounting and FinancialDisclosure94Item 9A. Controls and Procedures94Item 9B. Other Information97Item 9C. Disclosure Regarding Foreign Jurisdictions That Prevent Inspection97PART IIIItem 10. Directors, Executive Officers and Corporate Governance97Item 11. Executive Compensation101Item 12. Security Ownership of Certain Beneficial Owners and Management and RelatedShareholder Matters101Item 13. Certain Relationships and Related Transactions, and Director Independence101Item 14. Principal Accounting Fees and Services101PART IVItem 15. Exhibits101Item 16. Form 10-K Summary106Signatures107 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS ThePrivate Securities Litigation Reform Act of 1995 provides a“saf