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

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Earnings data Q3 2022

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Earnings data Q1 2023

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Earnings data Q3 2023

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Earnings data Q1 2024

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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) delivered earnings and revenue surprises of 60.00% and 1.31%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

ChampionX (CHX) Q1 Earnings and Revenues Beat Estimates

THE WOODLANDS, Texas, April 28, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX”) (NASDAQ: CHX) (“the Company”) today announced first quarter of 2021 results. Revenue was $684.9 million, net income attributable to ChampionX was $5.8 million, and adjusted EBITDA was $94.2 million. Income before income taxes margin was 1.0%, and adjusted EBITDA margin was 13.8%. Cash provided by operating activities was $90.2 million, and free cash flow was $64.6 million.

ChampionX Reports First Quarter 2021 Results

THE WOODLANDS, Texas, April 22, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) has again earned the top overall ranking for total customer satisfaction and was ranked first in eight additional categories in the 2021 Oilfield Products Survey conducted by EnergyPoint Research. This independent annual survey is the industry benchmark for measuring customer satisfaction across the global oilfield and is comprised of thousands of in-depth evaluations. Final results in this survey reflect opinions from more than 3,300 customer evaluations concerning major suppliers of oilfield products.

ChampionX No. 1 in Total Satisfaction in Leading Independent Customer Survey, Led by Strong Scores in Artificial Lift, Production Chemicals and Digital Oilfield Offerings

THE WOODLANDS, Texas, April 19, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today the completion of an investment in QLM Technology Ltd, which has developed a revolutionary quantum gas camera with a unique ability to detect, visualize and quantify emissions of methane, helping organizations to achieve net zero through mitigation of emission sources.

ChampionX Announces Investment in QLM Technology Ltd

THE WOODLANDS, Texas, April 05, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its first quarter 2021 operating results on Wednesday, April 28, 2021, after the market closes. The Company has scheduled a conference call for Thursday, April 29, 2021, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss the results.

ChampionX Announces First Quarter 2021 Earnings Release and Conference Call Schedule

ChampionX (CHX) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

How ChampionX (CHX) Stock Stands Out in a Strong Industry

ChampionX (CHX) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Strength Seen in ChampionX (CHX): Can Its 8.1% Jump Turn into More Strength?

ChampionX's (CHX) CEO Soma Somasundaram on Q4 2020 Results - Earnings Call Transcript

ChampionX (CHX) delivered earnings and revenue surprises of 75.00% and 9.03%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

ChampionX (CHX) Q4 Earnings and Revenues Surpass Estimates

THE WOODLANDS, Texas, Feb. 23, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX”) (NASDAQ: CHX) (“the Company”) today announced fourth quarter of 2020 results, our second full quarter following the June 3, 2020 combination of the Company with the legacy ChampionX business, and our full year 2020 results.

ChampionX Reports Fourth Quarter and Full Year 2020 Results

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THE WOODLANDS, Texas, Jan. 19, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (the “Company” or “ChampionX”) today announced that after a 35-year career in financial leadership roles, Jay A. Nutt is retiring from his position as Senior Vice President and Chief Financial Officer of the Company. Jay will transition from his role as CFO effective February 1, 2021, but will remain with the Company as an advisor through the second quarter of this year to ensure a smooth transition. The Company has appointed Kenneth M. Fisher as Executive Vice President and CFO effective February 1, 2021.

ChampionX Announces CFO Leadership Transition

THE WOODLANDS, Texas, Jan. 15, 2021 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its fourth quarter and full year 2020 operating results on Tuesday, February 23, 2021, after the market closes. The Company has scheduled a conference call for Wednesday, February 24, 2021, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time) to discuss the results.

ChampionX Announces Fourth Quarter and Full Year 2020 Earnings Release and Conference Call Schedule

As of late, it has definitely been a great time to be an investor of ChampionX Corporation (CHX).

Will ChampionX (CHX) Continue to Surge Higher?

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Ticker symbol will remain “CHX” Ticker symbol will remain “CHX”

ChampionX Corporation to Transfer Stock Exchange Listing to Nasdaq

ChampionX Corporation (CHX) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: ChampionX Corp (CHX)

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Credit Suisse Has 7 New Analyst Top Stock Picks for 2021

THE WOODLANDS, Texas, Nov. 30, 2020 (GLOBE NEWSWIRE) -- ChampionX Corporation (NYSE: CHX) (the “Company” or “ChampionX”) announced today the commencement of a cash tender offer (the “Tender Offer”) to purchase its 6.375% Senior Notes due 2026 (the “Notes”) in a principal amount of up to $100,000,000 (the “Tender Cap”), as described in the table below:

ChampionX Corporation Announces Tender Offer for 6.375% Senior Notes due 2026

THE WOODLANDS, Texas, Nov. 16, 2020 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX”) (NYSE: CHX) announced today an exclusive collaboration agreement with Modumetal Inc. The agreement is intended to drive production-related technology developments by combining Modumetal's advanced materials and processes and ChampionX's extensive research and development capabilities.

ChampionX and Modumetal Inc. Announce Exclusive Collaboration Agreement

ChampionX's (CHX) CEO Soma Somasundaram on Q3 2020 Results - Earnings Call Transcript

ChampionX (CHX) delivered earnings and revenue surprises of 142.86% and 0.31%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

ChampionX (CHX) Q3 Earnings and Revenues Surpass Estimates

THE WOODLANDS, Texas, Oct. 28, 2020 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX”) (NYSE: CHX) (“the Company”) today announced third quarter of 2020 results, our first full quarter following the June 3, 2020 combination of the Company with the legacy ChampionX business.

ChampionX Reports Third Quarter 2020 Results

ChampionX (CHX) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

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