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KLX Inc. (NASDAQ:KLXI), Wellington, FL, reported sales for 2016 of $1.5 billion, a decrease of 2.3 percent from the previous year. The company reported a profit of $54.6 million, compared with a loss of $385.8 million in 2015.
Sales for the fourth quarter were $382 million, a 6.6 percent increase over the same period a year ago. The company reported a fourth-quarter profit of $19 million, compared with a loss of $10.3 million the same quarter a year ago.