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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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) 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) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Howmet Aerospace

CHX vs. HWM: Which Stock Is the Better Value Option?

Baker Hughes Co

Civitas Resources

Diamondback Energy

Green Plains

Halliburton

PDC Energy Inc

Talos Energy Inc

Targa Resources

The OPEC+ group of oil-producing countries has agreed on a drastic cut to the global supply. The speculation has helped oil reverse its recent declines.

10 energy stocks that are analysts' favorites as OPEC makes oil-production cuts

THE WOODLANDS, Texas, Oct. 05, 2022 (GLOBE NEWSWIRE) -- US Synthetic Corporation, a subsidiary of ChampionX Corporation (“ChampionX” or the “Company”) (Nasdaq: CHX), announced today that it is considering options, including a possible appeal, in response to a U.S. International Trade Commission (ITC) Final Determination that the claims of U.S. Patent No. 10,507,565 (“the '565 patent”), U.S. Patent No. 10,508,502 (“the '502 patent”), and U.S. Patent No. 8,616,306 (“the '306 patent”) “are directed to an abstract idea, and, thus, are patent ineligible”. The company believes that this determination is based on an inaccurate interpretation of intellectual property law.  In addition, this is the only case of which we are aware holding that the claimed properties of a manmade material are patent ineligible as being an “abstract idea”.  Accordingly, while US Synthetic expects limited impact on its commercial operations or financial results as a result of yesterday's decision, we believe this ITC Determination is unprecedented and improper according to current Federal Circuit case law and intellectual property statutes. US Synthetic business results are reported under the Drilling Technologies segment of ChampionX. US Synthetic estimates the potential annual impact to its revenues from this ruling to be less than 3% of Drilling Technologies revenues.

US Synthetic Considering Challenge to Patent Ruling but Expects it to Have Limited Impact on Financial Results

THE WOODLANDS, Texas, Sept. 30, 2022 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its third quarter 2022 operating results on Tuesday, October 25, 2022, after the market closes. The Company has scheduled a conference call for Wednesday, October 26, 2022, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss the results.

ChampionX Announces Third Quarter 2022 Earnings Release and Conference Call Schedule

DMC Global

Borr Drilling Ltd

Core Laboratories Inc

Diamond Offshore Drilling Inc

Dawson Geophysical

ENGlobal

Forum Energy Technologies

Flotek Industries

Geospace Technologies

Gulf Island Fabrication

Helix Energy Solutions Group

Independence Contract Drilling

Liberty Oilfield Services

Noble Corp PLC

NexTier Oilfield Solutions Inc

Newpark Resources

VanEck Vectors Oil Services ETF

Profire Energy

Transocean

Schlumberger

U.S. Silica Holdings

Smart Sand

Tenaris S.A.

Valaris Ltd

Bristow Group Inc. 

SPDR S&P Oil & Gas Equipment & Services ETF

Even though energy has been the best performing sector of the year by a large margin, deep values remain in under-covered and small cap oilfield services. Fifty-three oilfield service equities were evaluated using a value matrix including factors for value, growth, profitability, ownership, and debt.

Oil Field Services: Value Matrix, Momentum, And Market Cap Analysis

Here is how ChampionX (CHX) and Comfort Systems (FIX) have performed compared to their sector so far this year.

Has ChampionX (CHX) Outpaced Other Construction Stocks This Year?

ChampionX Corporation (NASDAQ:CHX ) Q2 2022 Earnings Conference Call July 27, 2022 9:00 AM ET Company Participants Byron Pope - VP, ESG and IR Soma Somasundaram - President and CEO Ken Fisher - EVP and CFO Conference Call Participants Dave Anderson - Barclays Capital Chase Mulvehill - Bank of America Stephen Gengaro - Stifel Nicolaus Marc Bianchi - Cowen Sean Mitchell - Daniel Energy Partners Operator Welcome to the ChampionX Second Quarter 2022 Earnings Conference Call. My name is Richard, and I'll be your operator for today's call.

ChampionX Corporation (CHX) CEO Soma Somasundaram on Q2 2022 Results - Earnings Call Transcript

ChampionX (CHX) delivered earnings and revenue surprises of 7.69% and 3.93%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

ChampionX (CHX) Tops Q2 Earnings and Revenue Estimates

THE WOODLANDS, Texas, July 26, 2022 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced second quarter of 2022 results. Revenue was $932.6 million, net income attributable to ChampionX was $27.3 million, and adjusted EBITDA was $138.3 million. Income before income taxes margin was 2.9% and adjusted EBITDA margin was 14.8%. Cash from operating activities was $74.2 million and free cash flow was $53.5 million.

ChampionX Reports Second Quarter 2022 Results

ChampionX (CHX) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can ChampionX (CHX) Keep the Earnings Surprise Streak Alive?

The mean of analysts' price targets for ChampionX (CHX) points to a 41.5% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Think ChampionX (CHX) Could Surge 42%: Read This Before Placing a Bet

After losing some value lately, a hammer chart pattern has been formed for ChampionX (CHX), indicating that the stock has found support. This, combined with an upward trend in earnings estimate revisions, could lead to a trend reversal for the stock in the near term.

ChampionX (CHX) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?

Biden administration's focus on renewable energy, defense, healthcare and communication is set to open up opportunities for the Zacks Engineering - R&D Services industry players like HWM, KBR and CHX amid supply headwinds.

3 Engineering R&D Services Stocks to Buy Despite Industry Challenges

THE WOODLANDS, Texas, June 29, 2022 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its second quarter 2022 operating results on Tuesday, July 26, 2022, after the market closes. The Company has scheduled a conference call for Wednesday, July 27, 2022, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss the results.

ChampionX Announces Second Quarter 2022 Earnings Release and Conference Call Schedule

A secular growth in North America drilling market and international market opportunities will drive ChampionX Corporation's topline growth in the near term. Price hikes and additional revenues from Ecolab will boost its operating margin.

ChampionX Corporation: The Slow Momentum Is Due For A Pickup

THE WOODLANDS, Texas, June 07, 2022 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX), today announced that it has refinanced its existing credit facilities with a restated senior secured credit facility, amending and restating its 2018 senior secured credit facility. The restated agreement provides a $625 million 7-year term loan B and a $700 million 5-year revolving credit facility. The Company will use the proceeds from the term loan, and an initial draw from the revolving credit facility, to (a) repay outstanding amounts under its 2018 senior secured credit facility and (b) repay and terminate its 2020 term loan facility, and to redeem all outstanding 6.375% Senior Notes due 2026. Proceeds from future draws of the revolving credit facility will be used for working capital and other general corporate purposes.

ChampionX Successfully Closes Debt Refinancing

Academy Sports and Outdoors

Algoma Steel Group

BayCom Corp

Covenant Logistics Group Inc

Dell Technologies

VAALCO Energy

Epsilon Energy Ltd

Herc Hlds

Labcorp Holdings Inc

Marcus & Millichap

Seanergy Maritime Hlds

Skyrocketing inflation has spurred demand for investments that can keep pace with rising prices. This includes renewed interest in income-paying investments, including both old and new dividend stocks.

12 of Wall Street's Newest Dividend Stocks

ChampionX Corporation (NASDAQ:CHX ) Q1 2022 Earnings Conference Call April 27, 2022 9:00 AM ET Company Participants Byron Pope - VP, ESG and IR Soma Somasundaram - President and CEO Ken Fisher - EVP and CFO Conference Call Participants Stephen Gengaro - Stifel Nicolaus Scott Gruber - Citigroup Dave Anderson - Barclays Capital Ian MacPherson - Piper Sandler Taylor Zurcher - Tudor, Pickering, Holt Neil Mehta - Goldman Sachs Chase Mulvehill - Bank of America Operator Welcome to the ChampionX First Quarter 2022 Earnings Conference Call. My name is John, and I'll be your operator for today's call.

ChampionX Corporation (CHX) CEO Soma Somasundaram on Q1 2022 Results - Earnings Call Transcript

ChampionX (CHX) delivered earnings and revenue surprises of 15.79% and 3.86%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

ChampionX (CHX) Q1 Earnings and Revenues Surpass Estimates

THE WOODLANDS, Texas, April 26, 2022 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced first quarter of 2022 results. Revenue was $866.0 million, net income attributable to ChampionX was $36.7 million, and adjusted EBITDA was $124.8 million. Income before income taxes margin was 5.1% and adjusted EBITDA margin was 14.4%. Cash from operating activities was $(43.1) million and free cash flow was $(61.0) million.

ChampionX Reports First Quarter 2022 Results

TORM

Energy stocks were hot in 2021 and continue to provide strong returns in 2022. This subsector is the place to be for the best returns.

3 Energy Stocks With Excellent Potential to Energize Your Portfolio

SUGAR LAND, Texas, April 11, 2022 (GLOBE NEWSWIRE) -- ChampionX LLC (the “Company” or “ChampionX”) today announced it will enact a supply surcharge on products shipped to its Chemical Technologies customers. This surcharge will go into effect immediately. ChampionX is implementing this measure for Chemical Technologies customers until permanent pricing agreements are put into place that reflect the current cost environment.

ChampionX Chemical Technologies Business Announces a Supply Surcharge to Counter Inflationary Factors

THE WOODLANDS, Texas, April 04, 2022 (GLOBE NEWSWIRE) -- ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today that it will release its first quarter 2022 operating results on Tuesday, April 26, 2022, after the market closes. The Company has scheduled a conference call for Wednesday, April 27, 2022, at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) to discuss the results.

ChampionX Announces First Quarter 2022 Earnings Release and Conference Call Schedule

ChampionX is the result of the merger of Apergy with Ecolab's Upstream Energy business in mid-2020.

ChampionX: Good Performance, But Volatility Is An Issue

News for ChampionX Stock (CHX)