KLX Energy Services Holdings shares are trading lower after the company reported worse-than-expected Q2 sales results and approved a $125 million backstopped rights offering.

KLX Energy Services Holdings, Inc.

KLX Energy Services Holdings, Inc.

KLXE

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KLX Energy Services Holdings shares are trading lower after the company reported worse-than-expected Q2 sales results and approved a $125 million backstopped rights offering.