Aerospace fastener supplier KLX Inc. reported the company’s operations were “modestly” impacted by Hurricanes Harvey and Irma that hit Texas and Florida.
The Aerospace Solutions Group Segment’s Miami headquarters and distribution facility sustained “minimal damage” and resumed normal operations on September 18 after having been shut down on September 8.
Operations at the company’s Energy Services Group Segment, which is headquartered in Houston, were also down for about one week.
“While it is too early to estimate the financial impact these storms may have had on our business, we do not expect it to have a material impact on our financial results for the third quarter,” stated CEO Amin Khoury.
KLX is expected to release third quarter financial results in October. Web: klx.com
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