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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

ChampionX (CHX) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Strength Seen in ChampionX (CHX): Can Its 9.6% Jump Turn into More Strength?

THE WOODLANDS, Texas, March 07, 2022 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced that its Board of Directors has approved a new $250 million share repurchase program (“2022 Share Repurchase Program”). Under the 2022 Share Repurchase Program, shares of the Company's common stock may be repurchased periodically, including in the open market or privately negotiated transactions. The actual timing, manner, number, and value of shares repurchased under the program will depend on a number of factors, including the availability of excess free cash, the market price of the Company's common stock, general market and economic conditions, applicable requirements, and other business considerations.

ChampionX Announces $250 Million Share Repurchase Authorization as Part of Comprehensive Capital Allocation Framework

The stock price of ChampionX Corporation (NASDAQ: CHX) increased by over 2% pre-market today. This is why.

ChampionX (CHX) Stock: Why It Increased Today

ChampionX Corporation (CHX) CEO Soma Somasundaram on Q4 2021 Results - Earnings Call Transcript

THE WOODLANDS, Texas, Feb. 09, 2022 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced fourth quarter of 2021 and full year 2021 results. For the fourth quarter of 2021, revenue was $822.1 million, net income attributable to ChampionX was $43.4 million, and adjusted EBITDA was $133.1 million. Income before income taxes margin was 6.1%, and adjusted EBITDA margin was 16.2%. Cash provided by operating activities was $88.4 million, and free cash flow was $71.0 million.

ChampionX Reports Fourth Quarter and Full Year 2021 Results

THE WOODLANDS, Texas, Jan. 27, 2022 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that UNBRIDLED® ESP Systems has introduced the HIGH RISE™ series pump line, which is engineered to significantly improve electrical submersible pumping (ESP) system performance and longevity while also meaningfully reducing the carbon footprint of ESP operations.

ChampionX's Next Generation ESP Pump Line Offers Greater Efficiency and Lower Carbon Footprint in Unconventional Wells

THE WOODLANDS, Texas, Jan. 14, 2022 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its fourth quarter and full year 2021 operating results on Wednesday, February 9, 2022, after the market closes. The Company has scheduled a conference call for Thursday, February 10, 2022, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss the results.

ChampionX Announces Fourth Quarter and Full Year 2021 Earnings Release and Conference Call Schedule

THE WOODLANDS, Texas, Dec. 08, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it has acquired Tomson Technologies LLC and Group 2 Technologies LLC, leaders in nano technology platforms with proven commercial applications helping energy companies lower the carbon footprint and operating expenses of their oil and gas production operations.

ChampionX Expands Decarbonization Portfolio - Announces Acquisition of Tomson Technologies LLC and Group 2 Technologies LLC

ChampionX Corporation (CHX) CEO Soma Somasundaram on Q3 2021 Results - Earnings Call Transcript

ChampionX (CHX) delivered earnings and revenue surprises of -11.76% and 1.74%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?

ChampionX (CHX) Misses Q3 Earnings Estimates

THE WOODLANDS, Texas, Oct. 27, 2021 (GLOBE NEWSWIRE) --  ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced third quarter of 2021 results. Revenue was $818.8 million, net income attributable to ChampionX was $56.8 million, and adjusted EBITDA was $123.6 million. Income before income taxes margin was 10.3%, and adjusted EBITDA margin was 15.1%. Cash provided by operating activities was $88.7 million, and free cash flow was $67.3 million.

ChampionX Reports Third Quarter 2021 Results

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THE WOODLANDS, Texas, Oct. 05, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its third quarter 2021 operating results on Wednesday, October 27, 2021, after the market closes. The Company has scheduled a conference call for Thursday, October 28, 2021, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss the results.

ChampionX Announces Third Quarter 2021 Earnings Release and Conference Call Schedule

THE WOODLANDS, Texas, Sept. 22, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today the completion of an investment in PingThings, Inc., which has developed an advanced sensor AI platform that enables its customers to manage tremendous volumes of time series data at scale, helping achieve their system reliability, decarbonization and capital efficiency goals.

ChampionX Announces Investment in PingThings, Inc.

With a robust artificial lift and chemical product line in the inventory since the Ecolab merger, CHX plans to tap new international territories. Expect CHX's operating margin to improve in Q3, led by higher volumes and the impact of the price increases.

ChampionX Corporation: International Markets To Rev Up Growth Engine

THE WOODLANDS, Texas, Sept. 08, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) (the “Company”) has informed Wells Fargo, National Association, the trustee of the Company's 6.375% Senior Notes due 2026 (the “Notes”), of its intent to redeem $90 million of the Notes this month. Notice is expected to be provided to the holders of the Notes on or about September 13, 2021, with redemption ten days following Notice. The Notes will be redeemed pursuant to Section 11.01 of the Indenture and paragraph 5 of the Notes (the “Redemption”) at 104.781% of the principal amount thereof, plus accrued and unpaid interest, if any, to, but excluding, the redemption date. ChampionX plans to use proceeds from the sale of its Corsicana, Texas, chemical manufacturing plant, and cash on hand to fund the redemption of the Notes.

ChampionX Announces Plan to Redeem $90 Million of 6.375% Senior Notes Due 2026

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MEDINA, Ohio--(BUSINESS WIRE)--RPM Purchases Texas Manufacturing Plant to Meet Customer Demand and Enhance Operational Efficiencies

RPM Purchases Texas Manufacturing Plant to Meet Customer Demand and Enhance Operational Efficiencies

THE WOODLANDS, Texas, Sept. 07, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced the sale of its Corsicana, Texas, chemical manufacturing plant to RPM International Inc., a global leader in specialty coatings, sealants, building materials and related services.

ChampionX Announces Sale of Corsicana, Texas, Chemical Manufacturing Plant

ChampionX Corp. (CHX) CEO Soma Somasundaram on Q2 2021 Results - Earnings Call Transcript

ChampionX (CHX) delivered earnings and revenue surprises of 10.00% and 3.38%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

ChampionX (CHX) Beats Q2 Earnings and Revenue Estimates

THE WOODLANDS, Texas, July 28, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced second quarter of 2021 results. Revenue was $749.2 million, net income attributable to ChampionX was $7.3 million, and adjusted EBITDA was $105.4 million. Income before income taxes margin was 1.5%, and adjusted EBITDA margin was 14.1%. Cash provided by operating activities was $60.9 million, and free cash flow was $40.8 million.

ChampionX Reports Second Quarter 2021 Results

THE WOODLANDS, Texas, July 05, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today the completion of its acquisition of Scientific Aviation, Inc., a market leader in site-specific and regional methane emissions monitoring solutions for continuous and periodic monitoring applications.

ChampionX Announces Acquisition of Scientific Aviation, Inc.

THE WOODLANDS, Texas, June 24, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its second quarter 2021 operating results on Wednesday, July 28, 2021, after the market closes. The Company has scheduled a conference call for Thursday, July 29, 2021, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss the results.

ChampionX Announces Second Quarter 2021 Earnings Release and Conference Call Schedule

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ChampionX Corp. (CHX) CEO Soma Somasundaram on Q1 2021 Results - Earnings Call Transcript

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