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KLX's (KLXI) CEO, Amin Khoury on Q4 2017 Results - Earnings Call Transcript

Mar. 06, 2018 12:33 PM ETKLX Inc. (KLXI)
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KLX Inc. (NASDAQ:KLXI) Q4 2017 Earnings Conference Call March 6, 2018 9:00 AM ET


Amin Khoury - Chief Executive Officer

Mike Senft - Vice President, Chief Financial Officer

Michael Perlman - Director of Investor Relations


Sheila Kahyoaglu - Jefferies

Gautam Khanna - Cowen & Co.

Les Sulewski - SunTrust


Good morning, my name is Candace Scriven and I will be your conference facilitator today. At this time, I would like to welcome everyone to the KLX fourth quarter and full year 2017 earnings call. All audience lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question and answer period. If you would like to ask a question during that time, simply press the star or asterisk key followed by the number one on your telephone keypad. Should anyone require assistance at any time during this conference, please press star then zero and an operator will assist you.

As a reminder, ladies and gentlemen, this conference is being recorded on this day, March 6, 2018. Thank you.

I would now like to introduce KLX’s Director of Investor Relations, Michael Perlman. Mr. Perlman, you may begin your conference.

Michael Perlman

Thank you, Candace. Good morning and thank you for joining us. Today we’re here to discuss our financial results for the fourth quarter and full year ended January 31, 2018. The company’s earnings news release, which was issued earlier this morning, presents our fourth quarter and full year 2017 results. If you haven’t received this, you’ll find a copy on our website. For comparison purposes, we presented our financial results adjusted to exclude the one-time non-cash charge of approximately $43 million associated with the revaluation of the company’s deferred tax assets as a result of recent tax legislation and approximately $6.2 million of one-time costs associated with the previously disclosed strategic alternatives

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