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2018 Press Releases

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10/09/18KLX Inc. Announces Notice of Redemption For All of Its 5.875% Senior Notes Due 2022
WELLINGTON, Fla., Oct. 09, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (“KLX” or the “Company”) announced today that, in connection with the acquisition of KLX by The Boeing Company (“Boeing”) that was completed today, KLX satisfied and discharged the Indenture, dated as of December 8, 2014, as amended, governing the Company’s 5.875% Senior Notes due 2022 (the “Notes”) and called for redemption $1,200,000,000 aggregate principal amount of the Notes (which constitutes all outstanding Notes).  The Notes w... 
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09/17/18KLX Inc. Completes Spin-Off of KLX Energy Services Holdings, Inc.
WELLINGTON, Fla., Sept. 17, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (“KLX” or the “Company”) (NASDAQ: KLXI) announced today that it has completed the previously announced spin-off of KLX Energy Services Holdings, Inc. (“KLX Energy Services”) (NASDAQ: KLXE) from KLX. At 11:59 p.m. Eastern time on September 14, 2018, KLX distributed all outstanding shares of KLX Energy Services common stock to KLX shareholders at a distribution ratio of 0.4 shares of KLX Energy Services common stock for every one shar... 
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08/28/18KLX Announces Spin-Off Trading Information
WELLINGTON, Fla., Aug. 28, 2018 (GLOBE NEWSWIRE) -- In connection with its previously announced spin-off of KLX Energy Services Holdings, Inc. (“KLX Energy Services”), KLX Inc. (“KLX” or the “Company”) (NASDAQ: KLXI) today announced that it has been informed by NASDAQ about certain key dates relating to trading in common stock of KLX Energy Services and KLX in connection with the spin-off. As previously announced, the record date for the distribution of KLX Energy Services common stock to KLX ... 
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08/28/18KLX Inc. Reports Strong Second Quarter Financial Results; Confirms September 14th Spin-Off Date for KLX Energy Services (“KLXE”); Separately Announces KLXE Spin-Off Trading Information
WELLINGTON, Fla., Aug. 28, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (“KLX” or the “Company”) (NASDAQ: KLXI), a leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products to the oil and gas exploration and production industry, today reported its second fiscal quarter ended July 31, 2018 financial results. On a GAAP basis, for the three-month period ended July 31, 2018, as compared to the same period of the prior year, revenue... 
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08/24/18KLX Stockholders Approve Merger With The Boeing Company; KLX Inc. Board of Directors Approves Spin-Off of KLX Energy Services Holdings, Inc. to Occur on September 14, 2018
WELLINGTON, Fla., Aug. 24, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (“KLX” or the “Company”) (NASDAQ: KLXI) announced today that KLX stockholders voted in favor of the proposal to adopt the previously announced Agreement and Plan of Merger, dated as of April 30, 2018 (the “Merger Agreement”), by and among KLX, The Boeing Company (“Boeing”) and a wholly owned subsidiary of Boeing, as amended by Amendment No. 1 thereto, dated as of June 1, 2018, at a special meeting of stockholders held today at the Bo... 
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07/17/18KLX Inc. Announces Expiration of Hart-Scott-Rodino Waiting Period for Proposed Merger
WELLINGTON, Fla., July 17, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (“KLX” or the “Company”) (Nasdaq:KLXI) announced today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended (the “HSR Act”), in connection with its previously announced merger with a wholly owned subsidiary of The Boeing Company (“Boeing”), expired at 11:59 p.m., Eastern time, on July 16, 2018. The expiration of the waiting period under the HSR Act satisfies one of the conditions to th... 
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07/16/18KLX Aerospace Solutions Acquires John Hassall, LLC’s Laboratory Operations
WELLINGTON, Fla.--(BUSINESS WIRE)--Jul. 16, 2018-- KLX Inc. (“KLX” or the “Company”) (NASDAQ: KLXI), a leading distributor and value-added service provider of aerospace fasteners and consumables, has announced that it is acquiring the assets of John Hassall, LLC’s laboratory operations. John Hassall is a wholly owned division of Novaria Group. Specifically, KLX will be acquiring the Laboratory Controlled at Source (LCS) lab assets and expe... 
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07/12/18KLX Inc. Announces Major New Business Award and Market Share Gain
WELLINGTON, Fla., July 12, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (“KLX” or the “Company”) (NASDAQ:KLXI), a leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products to the oil and gas exploration and production industry, announces a major new business award for its Aerospace Solutions Group (“ASG”) business. This major new program award with Bell Helicopter, a Textron Inc. (NYSE: TXT) company, represents a significant marke... 
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06/08/18KLX Inc. Announces Results of Consent Solicitation to Amend Its 5.875% Senior Notes Due 2022
WELLINGTON, Fla., June 08, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (“KLX” or the “Company”) (NASDAQ:KLXI) announced today that it has received the requisite consents to amend (the “Amendments”) the indenture (the “Indenture”) governing the Company’s 5.875% Senior Notes due 2022 (the “Notes”). The consent solicitation expired at 5:00 p.m., New York City time, on June 8, 2018 (the “Expiration Date”). The Company will pay a consent payment (the “Consent Payment”) in the aggregate amount of $4,500,00... 
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06/05/18KLX Inc. Announces Increase in Consent Payment and Extends Expiration Date With Respect to Its Previously Announced Consent Solicitation to Amend Its 5.875% Senior Notes Due 2022
WELLINGTON, Fla., June 05, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (“KLX” or the “Company”) (NASDAQ:KLXI), announced today that it has (i) increased the Consent Payment (as defined below) with respect to the previously announced solicitation of consents (the “Consent Solicitation”) to amend (the “Proposed Amendments”) the indenture (the “Indenture”) governing the Company’s 5.875% Senior Notes due 2022 (the “Notes”) and (ii) extended the Expiration Date (as defined below) with respect to the Consent ... 
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06/04/18KLX Inc. Announces Increase in Consent Payment With Respect to Its Previously Announced Consent Solicitation to Amend Its 5.875% Senior Notes due 2022
WELLINGTON, Fla., June 04, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (“KLX” or the “Company”) (NASDAQ:KLXI),  announced today that it has increased the Consent Payment (as defined below) with respect to the previously announced solicitation of consents (the “Consent Solicitation”) to amend (the “Proposed Amendments”) the indenture (the “Indenture”) governing the Company’s 5.875% Senior Notes due 2022 (the “Notes”).  The Consent Solicitation is being made in accordance with the terms and subject to the... 
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05/30/18KLX Inc. Commences Consent Solicitation to Amend 5.875% Senior Notes Due 2022
WELLINGTON, Fla., May 30, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (“KLX” or the “Company”) (NASDAQ:KLXI),  announced today that it has commenced the solicitation of consents (the “Consent Solicitation”) to amend (the “Proposed Amendments”) the indenture (the “Indenture”) governing the Company’s 5.875% Senior Notes due 2022 (the “Notes”).  The Consent Solicitation is being made in accordance with the terms and subject to the conditions stated in a Consent Solicitation Statement, dated May 30, 2018 (t... 
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05/21/18KLX Inc. Reports Strong First Quarter Financial Results
WELLINGTON, Fla., May 21, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (the “Company”) (NASDAQ:KLXI), a leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products to the oil and gas exploration and production industry, today reported its first fiscal quarter ended April 30, 2018 financial results. On a GAAP basis, for the three-month period ended April 30, 2018, as compared to the same period of the prior year, revenues increased ... 
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05/01/18KLX Agrees to Sell Its ASG Business to Boeing in an All Cash Transaction and to Spin-Off Its ESG Business to KLX Shareholders
WELLINGTON, FLA., May 01, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (“KLX” or the “Company”) (NASDAQ:KLXI), a leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products to the oil and gas exploration and production industry, today announced its intention to sell its Aerospace Solutions Group business to The Boeing Company and to spin-off to KLX shareholders its Energy Services Group business. KLX announced today that the Comp... 
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03/06/18KLX Inc. Reports Financial Results for Fourth Quarter and Full Year Ended January 31, 2018; Recognizes $43 Million Non-Cash Tax Charge Associated With Recently Enacted Tax Legislation; Raises 2018 Guidance
WELLINGTON, Fla., March 06, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (the “Company”) (NASDAQ:KLXI), a leading distributor and value added service provider of aerospace fasteners and consumables, and a provider of services and products to the oil and gas exploration and production industry, today reported its fourth fiscal quarter and full fiscal year ended January 31, 2018 financial results. On a GAAP basis, for the three-month period ended January 31, 2018, as compared to the three-month period e... 
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02/23/18KLX Inc. Schedules 2017 Fourth Quarter Earnings Release and Conference Call for March 6, 2018
WELLINGTON, Fla., Feb. 23, 2018 (GLOBE NEWSWIRE) -- KLX Inc. (NASDAQ:KLXI) will issue its financial results for the quarter ended January 31, 2018 prior to the opening of the NASDAQ Stock Market on Tuesday, March 6, 2018, and will hold a conference call to discuss the results at 9:00 a.m. Eastern Time on Tuesday, March 6, 2018.  A live audio broadcast of the conference call, along with a supplemental presentation, will be available on the investor relations page of the KLX website at www.klx.c... 
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