reports
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...
ChampionX Agrees to Acquire RMSpumptools, Expanding Reach in Internati...
ChampionX Agrees to Acquire RMSpumptools, Expanding Reach in International, Offshore Production Technologies Markets THE WOODLANDS, Texas, March 22, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX), a global leader in oilfield technology, announced today it plans to acquire RMSpumptools Limited, a business unit of the energy division of UK-based James Fisher and Sons plc (“JFS”). The unit designs and manufactures highly engineered mechanical and electrical solutions for complex artificial lift applications. Under the terms of the agreement, the ...
ChampionX acquires Artificial Lift Performance Limited to expand digit...
ChampionX acquires Artificial Lift Performance Limited to expand digital solutions portfolio THE WOODLANDS, Texas, Feb. 27, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today the acquisition of Artificial Lift Performance Limited (“ALP”), a provider of advanced analytics solutions for enhancing oil and gas production performance. Based in Edinburgh, Scotland, ALP has extensive expertise in developing artificial lift optimization software designed to maximize production and extend the life of artificial lift equipment. “The acqu...
ChampionX Reports Fourth Quarter and Full Year 2023 Results, Increases...
ChampionX Reports Fourth Quarter and Full Year 2023 Results, Increases Share Repurchase Authorization to $1.5 Billion and Raises Quarterly Dividend by 12% Fourth-quarter revenue of $943.6 million decreased 4% year-over-year, flat sequentiallyFourth-quarter net income attributable to ChampionX of $77.2 million increased 14% year-over-year, and decreased 1% sequentiallyFourth-quarter adjusted EBITDA of $198.1 million increased 10% year-over-year, flat sequentiallyFourth-quarter cash from operating activities of $169.0 million and free cash flow of $139.8 millionFull-year net income attributa...
ChampionX Announces Fourth Quarter and Full Year 2023 Earnings Release...
ChampionX Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Schedule THE WOODLANDS, Texas, Jan. 03, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its fourth quarter and full year 2023 operating results on Monday, February 5, 2024, after the market closes. The Company has scheduled a conference call for Tuesday, February 6, 2024, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss the results. The call will be available by live webcast on ChampionX’s website at or...
ChampionX Declares Quarterly Dividend
ChampionX Declares Quarterly Dividend THE WOODLANDS, Texas, Nov. 10, 2023 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) announced today its Board of Directors has declared a regular quarterly dividend of $0.085 per share on the company’s common stock, par value $0.01 per share, to be paid on January 26, 2024 to shareholders of record on January 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 susta...
ChampionX Reports Third Quarter 2023 Results
ChampionX Reports Third Quarter 2023 Results Revenue of $939.8 million, decreased 8% year-over-year and increased 1% sequentiallyNet income attributable to ChampionX of $77.7 million, increased 237% year-over-yearAdjusted net income of $80.9 million, increased 19% year-over-yearAdjusted EBITDA of $189.5 million, increased 14% year-over-yearIncome before income taxes margin of 11.7%, increased 802 basis points year-over-yearAdjusted EBITDA margin of 20.2%, increased 391 basis points year-over-yearCash from operating activities of $163.0 million and free cash flow of $114.6 millionRepurchased...
ChampionX Publishes 2022 Sustainability Report
ChampionX Publishes 2022 Sustainability Report THE WOODLANDS, Texas, Oct. 03, 2023 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX), a global leader in chemistry programs and services, artificial lift solutions, automation and optimization equipment, and drilling technologies for the upstream and midstream oil and gas industry, today published its 2022 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, Decarbonizati...
ChampionX Announces Third Quarter 2023 Earnings Release and Conference...
ChampionX Announces Third Quarter 2023 Earnings Release and Conference Call Schedule THE WOODLANDS, Texas, Sept. 28, 2023 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its third quarter 2023 operating results on Tuesday, October 24, 2023, after the market closes. The Company has scheduled a conference call for Wednesday, October 25, 2023, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss the results. The call will be available by live webcast on ChampionX’s website at or by dialing in as follows: U...
ChampionX Declares Quarterly Dividend
ChampionX Declares Quarterly Dividend THE WOODLANDS, Texas, Aug. 30, 2023 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) announced today its Board of Directors has declared a regular quarterly dividend of $0.085 per share on the company’s common stock, par value $0.01 per share, to be paid on October 27, 2023 to shareholders of record on October 6, 2023. 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...
Moody's upgrades ChampionX's CFR to Ba1; outlook stable
Moody's Investors Service ("Moody's") upgraded ChampionX Corporation's (ChampionX) Corporate Family Rating (CFR) to Ba1 from Ba2 and senior secured debt ratings to Ba1 from Ba2. The Speculative Grade Liquidity (SGL) rating remains unchanged at SGL-1. The outlook was changed to stable from positive. ...
ChampionX Reports Second Quarter 2023 Results
ChampionX Reports Second Quarter 2023 Results Revenue of $926.6 million, decreased 1% year-over-yearNet income attributable to ChampionX of $95.8 million, increased 250% year-over-yearAdjusted net income of $99.1 million, increased 67% year-over-yearAdjusted EBITDA of $186.2 million, increased 35% year-over-yearIncome before income taxes margin of 11.7%, increased 874 basis points year-over-yearAdjusted EBITDA margin of 20.1%, increased 527 basis points year-over-yearCash from operating activities of $115.9 million and free cash flow of $88.8 millionRepurchased $51.2 million of common stock...
ChampionX Announces Second Quarter 2023 Earnings Release and Conferenc...
ChampionX Announces Second Quarter 2023 Earnings Release and Conference Call Schedule THE WOODLANDS, Texas, June 29, 2023 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its second quarter 2023 operating results on Monday, July 24, 2023, after the market closes. The Company has scheduled a conference call for Tuesday, July 25, 2023, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss the results. The call will be available by live webcast on ChampionX’s website at or by dialing in as fo...
ChampionX to Present at the Stifel Cross Sector Insight Conference
ChampionX to Present at the Stifel Cross Sector Insight Conference THE WOODLANDS, Texas, June 06, 2023 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that Sivasankaran “Soma” Somasundaram, President and Chief Executive Officer, will participate in the Stifel Cross Sector Insight Conference on Wednesday, June 7, 2023. Mr. Somasundaram is scheduled to engage in a fireside chat on Wednesday, June 7, 2023, at 3:00 p.m. Eastern Time. A live webcast and replay of the fireside chat will be available via the following link () and on our web...
ChampionX Declares Quarterly Dividend
ChampionX Declares Quarterly Dividend THE WOODLANDS, Texas, May 11, 2023 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) announced today its Board of Directors has declared a regular quarterly dividend of $0.085 per share on the company’s common stock, par value $0.01 per share, to be paid on July 28, 2023 to shareholders of record on July 7, 2023. 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 ...
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