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

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Earnings data Q4 2021

Earnings data Q1 2022

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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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.

Schlumberger

SLB plans to acquire chemistry solutions, drilling technology provider ChampionX in an all-stock transaction. CHX stock broke out.

SLB To Acquire ChampionX, Return $7 Billion To Shareholders; CHX Stock Jumps

ChampionX Corp (NASDAQ: CHX) is in focus today after Schlumberger NV (NYSE: SLB) said it will buy the oilfield technology company for $7.75 billion. $SLB deal values ChampionX stock at 14% premium The all-stock deal values each share of ChampionX at $40.59 – a more than 14% premium on their previous close.

Schlumberger to spend $7.7 billion on buying ChampionX

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of ChampionX Corporation (NASDAQ: CHX) to SLB for 0.735 shares of SLB common stock in exchange for each ChampionX share is fair to ChampionX shareholders. Upon closing of the proposed transaction, ChampionX shareholders will own approximately 9% of SLB's outstanding shares of common stock. Halper Sadeh encourages ChampionX shareholders to click here to learn more about their legal rights.

CHX STOCK ALERT: Halper Sadeh LLC Is Investigating Whether the Sale of ChampionX Corporation Is Fair to Shareholders

The oilfield services giant said it agreed to buy ChampionX in a move to expand its presence in the less cyclical production and recovery space.

SLB to Buy ChampionX in $7.8 Billion Oilfield Services Deal

Shares of Schlumberger Ltd. SLB, +0.75% slid 2.5% in premarket trading Tuesday, after the oil services company announced an agreement to buy ChampionX Corp. CHX, -1.37% in an all-stock deal that values the chemical and drilling technologies company at about $7.8 billion.

Schlumberger's stock falls after all-stock deal to buy ChampionX in a deal valued at about $7.8 billion

Oilfield services company SLB said on Tuesday it will buy ChampionX in an all-stock deal valued at $7.75 billion.

SLB to buy ChampionX in $7.7 bln all-stock deal

HOUSTON, April 02, 2024 (GLOBE NEWSWIRE) -- SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) today announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors.

SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction

HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) and ChampionX Corporation (NASDAQ: CHX) today announced a definitive agreement for SLB to purchase ChampionX in an all-stock transaction. The agreement was unanimously approved by the ChampionX board of directors. Under the terms of the agreement, ChampionX shareholders will receive 0.735 shares of SLB common stock in exchange for each ChampionX share. At the closing of the transaction ChampionX shareholders will own approximately 9% of SLB's outstandin.

SLB Announces Agreement to Acquire ChampionX in an All-Stock Transaction

ChampionX (CHX) to expand its global footprint with the RMSpumptools acquisition, enhancing oilfield tech solutions.

ChampionX (CHX) to Buy RMSpumptools & Lift Oilfield Technologies

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.

ChampionX Agrees to Acquire RMSpumptools, Expanding Reach in International, Offshore Production Technologies Markets

ChampionX (CHX) expands its digital solutions portfolio with the acquisition of ALP, a specialist in oil and gas production optimization.

ChampionX (CHX) Enhances Digital Solutions With ALP Acquisition

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.

ChampionX acquires Artificial Lift Performance Limited to expand digital solutions portfolio

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ChampionX Corporation (CHX) Q4 2023 Earnings Call Transcript

The headline numbers for ChampionX (CHX) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, ChampionX (CHX) Q4 Earnings: A Look at Key Metrics

THE WOODLANDS, Texas, Feb. 05, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced fourth quarter of 2023 and full year 2023 results. For the fourth quarter of 2023, revenue was $943.6 million, net income attributable to ChampionX was $77.2 million, and adjusted EBITDA was $198.1 million. Income before income taxes margin was 12.1%, and adjusted EBITDA margin was 21.0%. Cash provided by operating activities was $169.0 million, and free cash flow was $139.8 million.

ChampionX Reports Fourth Quarter and Full Year 2023 Results, Increases Share Repurchase Authorization to $1.5 Billion and Raises Quarterly Dividend by 12%

Evaluate the expected performance of ChampionX (CHX) for the quarter ended December 2023, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.

ChampionX (CHX) Q4 Earnings on the Horizon: Analysts' Insights on Key Performance Measures

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.

ChampionX (CHX) Reports Next Week: What You Should Expect

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.

ChampionX Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Schedule

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CHX's international businesses are expected to drive performance in Q4, benefiting from the momentum in the energy industry. The company turns to increasing shareholder returns as growth slows down. I expect CHX's EBITDA margin to strengthen, percolating into improved FCF and shareholder returns.

ChampionX Corporation: Free Cash Flow And Shareholder Returns Take The Center Stage

ChampionX Corporation (NASDAQ:CHX ) Q3 2023 Earnings Conference Call October 25, 2023 9:00 AM ET Company Participants Byron Pope – Vice President, ESG and Investor Relations Soma Somasundaram – President and Chief Executive Officer Ken Fisher – Executive Vice President and Chief Financial Officer Conference Call Participants Stephen Gengaro – Stifel Marc Bianchi – TD Cowen David Anderson – Barclays Scott Gruber – Citigroup Ati Modak – Goldman Sachs Saurabh Pant – Bank of America Doug Becker – Capital One Operator Good morning. Welcome to ChampionX Corporation's Third Quarter 2023 Earnings Conference Call.

News for ChampionX Stock (CHX)