ChampionX

ChampionX Corp. engages in the provision of chemistry programs and services for global upstream oil and natural gas industry. It operates under the following segments: Production Chemical Technologies, Production and Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies. The Production Chemical Technologies segment offers products and services that cover a broad range of onshore and offshore chemical solutions in production and midstream operations. The Production and Automation Technologies focuses on offering products, technologies, and services that facilitate the safe, efficient, and cost-effective extraction of oil and gas through artificial lift and digital automation applications. The Drilling Technologies provides polycrystalline diamond cutter (“PDC”) inserts, bearings, valves, and mining tools. The Reservoir Chemical Technologies consists of the provision of chemistry-oriented solutions and technologies. The company was founded in 1928 and is headquartered in The Woodlands, TX.

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ChampionX excels in 2022, eyes growth through innovation in 2023

ChampionX had a strong year with notable achievements and solid financial performance. While facing challenges in certain segments, the company is well-positioned to capitalize on growth opportunities in Production Chemicals and emerging trends in the industry. By emphasizing innovation and efficiency, ChampionX aims to drive continued success in 2023.

ChampionX excels in Q1 2023, poised for profitability growth

ChampionX's Q1 2023 performance was robust, marked by revenue growth, margin improvement, and strong cash flow generation.
The company's strategic focus on shareholder value, productivity enhancements, and margin expansion positions it well for future growth.
Opportunities lie in achieving higher profitability, driving efficiency gains, and capitalizing on digital revenue growth.
Overall, ChampionX's performance and outlook reflect a positive trajectory and strategic resilience in a competitive market.

ChampionX excels in Q2 with strong financials and operational focus

ChampionX demonstrated strong financial performance, customer focus, and operational improvements in Q2. The company faces challenges from revenue impacts and restructuring efforts but sees opportunities in margin expansion and pricing momentum.

ChampionX reports solid Q3 performance, eyes margin expansion in 2024

ChampionX demonstrated resilience in Q3 amidst challenges, showing strength in digital solutions and international growth. While facing hurdles in the U.S. land businesses, the company remains optimistic about future growth opportunities and margin expansion in 2024. Maintaining a competitive edge in the artificial lift market is a key focus.

ChampionX reports strong 2023 performance, eyes margin expansion in 2024

ChampionX delivered strong financial performance in 2023, with expectations for continued growth in 2024. The company revised its adjusted EBITDA definition for better comparability and increased its share repurchase program. Challenges include margin expansion efforts amidst stable costs, while opportunities exist in the Bearings business and productivity initiatives.

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ChampionX Corp. engages in the provision of chemistry solutions, artificial lift systems, and engineered equipment and technologies. It operates through the following segments: Production Chemical Technologies, Production and Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies. The Production Chemical Technologies segment offers products and services that cover a broad range of onshore and offshore chemical solutions in production and midstream operations. The Production and Automation Technologies focuses on offering products, technologies, and services that facilitate the safe, efficient, and cost-effective extraction of oil and gas through artificial lift and digital automation applications. The Drilling Technologies provides polycrystalline diamond cutter inserts, bearings, valves, and mining tools. The Reservoir Chemical Technologies relates to chemistry-oriented solutions and technologies. The company was founded in 1882 and is headquartered in The Woodlands, TX.

THE WOODLANDS, Texas, Oct. 23, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced third quarter of 2024 results. Revenue was $906.5 million, net income attributable to ChampionX was $72.0 million, and adjusted EBITDA was $197.5 million. Income before income taxes margin was 11.2% and adjusted EBITDA margin was 21.8%. Cash from operating activities was $141.3 million and free cash flow was $108.1 million.

ChampionX Reports Third Quarter 2024 Results

THE WOODLANDS, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) announces the release of its 2023 corporate sustainability report.

ChampionX Publishes 2023 Sustainability Report

THE WOODLANDS, Texas, Aug. 16, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) announced today its Board of Directors has declared a regular quarterly dividend of $0.095 per share on the company's common stock, par value $0.01 per share, to be paid on October 25, 2024 to shareholders of record on October 4, 2024.

ChampionX Declares Quarterly Dividend

The headline numbers for ChampionX (CHX) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About ChampionX (CHX) Q2 Earnings

ChampionX (CHX) came out with quarterly earnings of $0.37 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.49 per share a year ago.

ChampionX (CHX) Misses Q2 Earnings and Revenue Estimates

THE WOODLANDS, Texas, July 24, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced second quarter of 2024 results. Revenue was $893.3 million, net income attributable to ChampionX was $52.6 million, and adjusted EBITDA was $183.2 million. Income before income taxes margin was 9.3% and adjusted EBITDA margin was 20.5%. Cash from operating activities was $67.6 million and free cash flow was $38.3 million.

ChampionX Reports Second Quarter 2024 Results

ChampionX (CHX) acquires RMSpumptools, enhancing technology and expanding global reach.

ChampionX (CHX) Buys RMSpumptools, Fortifies Oilfield Technology

THE WOODLANDS, Texas, July 09, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX), a global leader in oilfield technology, announced today it has completed the acquisition of RMSpumptools Limited, a designer and manufacturer of highly engineered mechanical and electrical solutions for complex artificial lift applications.

ChampionX Acquires RMSpumptools, Expanding Global Presence in Offshore Production Technologies Markets

Schlumberger

Oilfield services company SLB said on Tuesday it has received a second request for additional information from the United States Department of Justice in connection with its $7.75 billion acquisition deal for smaller rival ChampionX.

SLB, ChampionX get second request from DoJ for proposed $8 bln deal details

HOUSTON--(BUSINESS WIRE)--Regulatory News: SLB (NYSE: SLB) today announced that, as expected, it and ChampionX (NASDAQ: CHX) have each received a request for additional information (second request) from the United States Department of Justice (DoJ) in connection with the DoJ's review of SLB's previously announced planned acquisition of ChampionX. SLB currently expects the transaction to close in the fourth quarter of 2024 or the first quarter of 2025, pending regulatory approvals and other cust.

SLB Provides Update on Planned Acquisition of ChampionX

DULUTH, Ga.--(BUSINESS WIRE)--DLA today announced that it received notification that NYSE Regulation has initiated proceedings to delist the Company's common stock . . .

Delta Apparel Announces Delisting From NYSE American

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of ChampionX Corporation (NasdaqGS: CHX) to Schlumberger Limited (NYSE: SLB). Under the terms of the proposed transaction, shareholders of ChampionX will receive 0.735 shares of SLB for each share of ChampionX that they own. KSF is seeking to determine whether this consideration and the process that led to it are.

CHAMPIONX INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of ChampionX Corporation - CHX

Although the revenue and EPS for ChampionX (CHX) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

ChampionX (CHX) Reports Q1 Earnings: What Key Metrics Have to Say

THE WOODLANDS, Texas, April 24, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced first quarter of 2024 results. Revenue was $922.1 million, net income attributable to ChampionX was $112.9 million, and adjusted EBITDA was $191.7 million. Income before income taxes margin was 15.2% and adjusted EBITDA margin was 20.8%. Cash from operating activities was $173.5 million and free cash flow was $144.0 million.

ChampionX Reports First Quarter 2024 Results

Schlumberger announced their acquisition of ChampionX on April 1, 2024, adding significant upside potential to both firms by bringing production chemicals to the international market. Management increased their shareholder benefits from $2.5b to $3b for 2024 and $4b in 2025. International well development and domestic enhanced oil recovery and CCUS will drive growth for Schlumberger in 2024-2025.

Schlumberger Has Significant Upside Potential With ChampionX

NEW YORK , April 9, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and is investigating ChampionX Corp. (Nasdaq: CHX), relating to its proposed sale to Schlumberger Ltd.

INVESTIGATION: The M&A Class Action Firm Announces an Investigation of ChampionX Corp. - CHX

THE WOODLANDS, Texas, April 09, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its first quarter 2024 operating results on Wednesday, April 24, 2024, after the market closes.

ChampionX Announces First Quarter 2024 Earnings Release Date

Investors interested in Engineering - R and D Services stocks are likely familiar with ChampionX (CHX) and Alfa Laval AB Unsponsored ADR (ALFVY). But which of these two stocks offers value investors a better bang for their buck right now?

CHX or ALFVY: Which Is the Better Value Stock Right Now?

Cal-Maine Foods

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Five stocks in focus with recent dividend hike are: OZK, TJX, CALM, CHX, PSX.

5 Stocks to Watch on Their Recent Dividend Hike

SLB and ChampionX team up to reshape the oil industry, aiming to lead with integrated solutions and enhanced efficiency.

SLB Eyes ChampionX Acquisition in a $7.8B All-Stock Deal

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Investors looking to secure their portfolios may keep a track on dividend-yielding stocks ChampionX Corporation (CHX), Sapiens International Corporation N.V. (SPNS) and NewtekOne, Inc. (NEWT).

3 Stocks to Watch That Recently Announced Dividend Hikes

ChampionX (CHX) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Strength Seen in ChampionX (CHX): Can Its 10.4% Jump Turn into More Strength?

Shares of ChampionX (CHX) jumped Tuesday after SLB (SLB) agreed to buy the rival oilfield services provider in an all-stock transaction valued at about $7.8 billion.

SLB Buys ChampionX for $7.8 Billion To Expand Its Oilfield Services Offerings

ChampionX (NASDAQ: CHX ) stock is a hot topic among traders on Tuesday after the oil and gas technology company announced that it is being acquired by SLB (NYSE: SLB )! A press release reveals that investors in ChampionX will receive 0.735 shares of SLB stock for each share of CHX stock that they own.

CHX Stock: ChampionX Pops on News of Schlumberger Acquisition

MILWAUKEE , April 2, 2024 /PRNewswire/ -- Ademi LLP is investigating ChampionX (Nasdaq: CHX) for possible breaches of fiduciary duty and other violations of law in its transaction with SLB. Click here to learn how to join the https://www.ademilaw.com/case/championx-corporation or call Guri Ademi toll-free at 866-264-3995.

News for ChampionX Stock (CHX)