reports
ChampionX Declares Quarterly Dividend
ChampionX Declares Quarterly Dividend THE WOODLANDS, Texas, May 08, 2025 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) (“ChampionX”) 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 July 25, 2025 to shareholders of record on July 3, 2025 (the “Record Date”). As previously announced, on April 2, 2024, ChampionX entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Schlumberger Limited (“SLB”), Sodium Holdco, Inc. and Sodium Merger Sub, ...
ChampionX Reports First Quarter 2025 Results
ChampionX Reports First Quarter 2025 Results THE WOODLANDS, Texas, April 29, 2025 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced first quarter of 2025 results. Revenue was $864.5 million, net income attributable to ChampionX was $85.8 million, and adjusted EBITDA was $190.9 million. Income before income taxes margin was 12.1% and adjusted EBITDA margin was 22.1%. Cash from operating activities was $66.8 million and free cash flow was $38.6 million. CEO Commentary “The first quarter demonstrated the resilience of our ChampionX portf...
ChampionX’s Aerial Optical Gas Imaging (AOGI) Platform Secures EPA App...
ChampionX’s Aerial Optical Gas Imaging (AOGI) Platform Secures EPA Approval for Regulatory Compliance THE WOODLANDS, Texas, March 04, 2025 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX), a global leader in oilfield technology, announced today its ChampionX Emissions Technologies’ Aerial Optical Gas Imaging (AOGI) platform has received approval from the U.S. Environmental Protection Agency (EPA) for the Methane Alternative Test Method outlined in OOOOb. This approval marks a significant milestone in emissions management, empowering operators to inte...
ChampionX Announces Definitive Agreement to Sell US Synthetic Corporat...
ChampionX Announces Definitive Agreement to Sell US Synthetic Corporation THE WOODLANDS, Texas, Feb. 25, 2025 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX), a global leader in oilfield technology, announced today that it has entered into a definitive agreement to sell all of its equity interests in US Synthetic Corporation (“US Synthetic”) to LongRange Capital, L.P. (“LongRange Capital”). US Synthetic, located in Orem, Utah, offers innovative, best-in-class polycrystalline diamond cutter inserts, bearings, valves, and mining tools to help customer...
ChampionX Declares Quarterly Dividend
ChampionX Declares Quarterly Dividend THE WOODLANDS, Texas, Feb. 20, 2025 (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 April 25, 2025 to shareholders of record on April 4, 2025. About ChampionX ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely, efficiently, and sustainab...
US Court of Appeals Rules in Favor of US Synthetic Corporation in ITC ...
US Court of Appeals Rules in Favor of US Synthetic Corporation in ITC Case THE WOODLANDS, Texas, Feb. 17, 2025 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX”) noted today that its US Synthetic Corp., a leading provider of polycrystalline diamond cutters for oil and gas drilling, has secured a significant legal victory as the U.S. Court of Appeals for the Federal Circuit (CAFC) reversing a prior International Trade Commission (ITC) determination that had deemed the company’s patent claims ineligible under 35 U.S.C. § 101. The case, involving U.S. Patent No. 10508502,...
ChampionX Reports Fourth Quarter and Full Year 2024 Results
ChampionX Reports Fourth Quarter and Full Year 2024 Results Fourth-quarter revenue of $912.0 millionFourth-quarter net income attributable to ChampionX of $82.8 millionFourth-quarter adjusted EBITDA of $212.3 millionFourth-quarter income before income taxes margin of 13.0%Fourth quarter adjusted EBITDA margin of 23.3%Fourth-quarter cash from operating activities of $207.3 million and free cash flow of $170.1 million Full-year net income attributable to ChampionX of $320.3 millionFull-year adjusted EBITDA of $784.7 millionFull-year cash from operating activities of $589.7 million and free c...
ChampionX Declares Quarterly Dividend
ChampionX Declares Quarterly Dividend THE WOODLANDS, Texas, Nov. 15, 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 January 31, 2025 to shareholders of record on January 3, 2025. About ChampionX ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely, efficiently, a...
ChampionX Wins Golden Peacock Award for Global Sustainability
ChampionX Wins Golden Peacock Award for Global Sustainability THE WOODLANDS, Texas, Nov. 14, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) is honored to have received a Golden Peacock Global Award for Sustainability. This esteemed accolade, conferred by the Institute of Directors (IOD) in India, underscores our commitment to excellence in the various sectors where we operate and highlights our dedication to sustainable practices. "We are deeply honored to receive the Golden Peacock Award,” ChampionX’s President and Chief Executive Officer Si...
ChampionX Reports Third Quarter 2024 Results
ChampionX Reports Third Quarter 2024 Results Revenue of $906.5 millionNet income attributable to ChampionX of $72.0 millionAdjusted net income of $85.9 millionAdjusted EBITDA of $197.5 millionIncome before income taxes margin of 11.2%Adjusted EBITDA margin of 21.8%Cash from operating activities of $141.3 million and free cash flow of $108.1 million 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....
ChampionX Publishes 2023 Sustainability Report
ChampionX Publishes 2023 Sustainability Report THE WOODLANDS, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) announces the release of its 2023 corporate sustainability report. The report captures important information regarding the company’s global operations and strategy to address its four environmental, social, and governance (ESG) priorities: GHG Emissions, Decarbonization Technologies, Sustainable Innovation and Digital Transformation, and Employee Attraction, Retention, and Development. “We are proud to publish the ChampionX 2023 Sustainability Report...
ChampionX Declares Quarterly Dividend
ChampionX Declares Quarterly Dividend 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. About ChampionX ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely, efficiently, and susta...
ChampionX Reports Second Quarter 2024 Results
ChampionX Reports Second Quarter 2024 Results Revenue of $893.3 millionNet income attributable to ChampionX of $52.6 millionAdjusted net income of $71.2 millionAdjusted EBITDA of $183.2 millionIncome before income taxes margin of 9.3%Adjusted EBITDA margin of 20.5%Cash from operating activities of $67.6 million and free cash flow of $38.3 million 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...
ChampionX Acquires RMSpumptools, Expanding Global Presence in Offshore...
ChampionX Acquires RMSpumptools, Expanding Global Presence in Offshore Production Technologies Markets 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. “By adding RMSpumptools technology to our Production & Automation Technologies (“PAT”) portfolio, ChampionX advances its abili...
ChampionX Declares Quarterly Dividend
ChampionX Declares Quarterly Dividend THE WOODLANDS, Texas, May 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 July 26, 2024 to shareholders of record on July 5, 2024. About ChampionX ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil and gas safely, efficiently, and sustainably ...
ChampionX Reports First Quarter 2024 Results
ChampionX Reports First Quarter 2024 Results Revenue of $922.1 million, decreased 3% year-over-yearNet income attributable to ChampionX of $112.9 million, increased 78% year-over-yearAdjusted net income of $96.4 million, increased 17% year-over-yearAdjusted EBITDA of $191.7 million, increased 4% year-over-yearIncome before income taxes margin of 15.2%, increased 547 basis points year-over-yearAdjusted EBITDA margin of 20.8%, increased 130 basis points year-over-yearCash from operating activities of $173.5 million and free cash flow of $144.0 millionReturned 38% of cash from operating activi...
ChampionX Announces First Quarter 2024 Earnings Release Date
ChampionX Announces First Quarter 2024 Earnings Release Date 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 will not host a conference call or webcast to discuss its first quarter 2024 results. About ChampionX ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and p...
Moody's Ratings places ChampionX's ratings under review for upgrade
Moody's Ratings ("Moody's") placed ChampionX Corporation's (ChampionX) ratings on review for upgrade, including its Ba1 Corporate Family Rating (CFR), Ba1-PD Probability of Default Rating (PDR) and Ba1 senior secured term loan B2 and senior secured multi-currency revolving credit facility ratings. P...
SLB Announces Agreement to Acquire ChampionX in an All-Stock Transacti...
SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologiesCombined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life and production optimizationChampionX shareholders to receive 0.735 SLB shares for each share of ChampionXAnnual pre-tax synergies to reach approximately $400 million within three yearsSLB will increase its total returns to shareholders to a target of $3 b...
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