KLX Inc. (“KLX”) (NASDAQ:KLXI), the world’s leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products for the oil and gas industry, announced that the Company expects to recognize a non-cash, after-tax asset impairment charge of approximately $435 million related to its Energy Services Group (“ESG”). The impairment charge is subject to the finalization of the Company’s interim goodwill impairment analysis, and reflects a decline in the imputed valuation of the Company’s ESG assets.
via KLX Inc. Reports Non-Cash Asset Impairment Charge, Schedules Third Quarter 2015 Earnings.