ChampionX Earnings Reports

ChampionX delivered strong adjusted EBITDA and margin, and generated positive free cash flow in the first quarter of 2025, despite a sequential decrease in revenue primarily due to seasonal international declines. The company maintained a strong balance sheet and is well-positioned to help operators maximize the value of their producing assets.

ChampionX reported a revenue of $912 million for Q4 2024, a slight increase sequentially. Net income attributable to ChampionX was $82.8 million, and adjusted EBITDA reached $212.3 million. The company's adjusted EBITDA margin hit its highest level as ChampionX at 23.3%.

ChampionX reported Q3 2024 results with revenue of $906.5 million, net income of $72.0 million, and adjusted EBITDA of $197.5 million. The company generated $141.3 million in cash from operating activities and $108.1 million in free cash flow. Despite a 4% year-over-year decrease in revenue, adjusted EBITDA margin reached a company high of 21.8%.

ChampionX reported revenue of $893.3 million, a net income of $52.6 million, and adjusted EBITDA of $183.2 million. The company's performance was impacted by lower revenue in Mexico, but other areas saw growth. ChampionX also completed the acquisition of RMSpumptools Limited and generated positive free cash flow for the ninth consecutive quarter.

ChampionX reported a revenue of $922.1 million, a net income of $112.9 million, and an adjusted EBITDA of $191.7 million for Q1 2024. The company's performance reflects the resilience of its portfolio and a focus on productivity, resulting in improved profitability and strong free cash flow generation.

ChampionX reported Q4 2023 revenue of $943.6 million, a 4% year-over-year decrease. Net income attributable to ChampionX was $77.2 million, a 14% increase year-over-year. The company's Board of Directors approved an increase to the share repurchase program authorization to $1.5 billion and raised the regular quarterly dividend by 12% to $0.095 per share.

ChampionX reported Q3 2023 results with revenue of $939.8 million, a decrease of 8% year-over-year, but a slight increase sequentially. Net income attributable to ChampionX was $77.7 million, a significant increase of 237% year-over-year. The company generated strong free cash flow of $114.6 million and adjusted EBITDA of $189.5 million, with an adjusted EBITDA margin of 20.2%.

ChampionX reported Q2 2023 results with revenue of $926.6 million and net income attributable to ChampionX of $95.8 million. Adjusted EBITDA was $186.2 million. The company generated strong free cash flow of $88.8 million and repurchased $51.2 million of common stock, returning 76% of free cash flow to shareholders.

ChampionX reported a 10% year-over-year increase in revenue to $948.3 million for Q1 2023. Net income attributable to ChampionX increased by 73% year-over-year to $63.5 million. The company generated $92.4 million in cash from operating activities and $69.4 million in free cash flow. ChampionX repurchased $40 million of common stock during the quarter.

ChampionX reported Q4 2022 revenue of $985.9 million, a 20% increase year-over-year, and net income attributable to ChampionX of $67.9 million, a 56% increase year-over-year. Adjusted EBITDA was $178.8 million, a 34% increase year-over-year. The company generated free cash flow of $168.6 million, representing 17% of revenue, and repurchased $80 million of common stock.

ChampionX reported a strong third quarter with revenue of $1.0 billion, a 25% increase year-over-year. Net income attributable to ChampionX was $23.1 million, while adjusted EBITDA reached $166.1 million. The company's board also approved an increase in the share repurchase program authorization to $750 million.

ChampionX reported a strong second quarter of 2022, marked by revenue of $932.6 million, a 24% increase year-over-year, and adjusted EBITDA of $138.3 million, a 31% increase year-over-year. The company highlighted robust top-line growth across its portfolio and a commitment to returning capital to shareholders.

ChampionX reported first quarter 2022 results with revenue of $866.0 million, a 26% increase year-over-year. Net income was $36.7 million and adjusted EBITDA was $124.8 million. The company delivered targeted annualized cost synergies of $125 million exiting the first quarter.

ChampionX reported Q4 2021 results with revenue of $822.1 million and net income attributable to ChampionX of $43.4 million. The company's adjusted EBITDA was $133.1 million, and free cash flow was $71.0 million. They also initiated a quarterly cash dividend of $0.075 per share.

ChampionX reported a strong third quarter in 2021, with revenue reaching $818.8 million, a 9% sequential increase. Net income attributable to ChampionX was $56.8 million, and adjusted EBITDA stood at $123.6 million. The company also strengthened its balance sheet by repaying $97 million of debt and completed the acquisition of Scientific Aviation.

ChampionX reported a solid second quarter in 2021, marked by a 9% sequential increase in revenue to $749.2 million and adjusted EBITDA of $105.4 million. The company highlighted strong topline growth across its portfolio, driven by robust demand in both North American and international markets. ChampionX also strengthened its balance sheet by repaying $62 million of debt during the quarter and generated free cash flow of $40.8 million.

ChampionX reported revenue of $684.9 million and net income of $5.8 million in Q1 2021. The company navigated raw material supply chain disruptions and delivered adjusted EBITDA of $94.2 million. Strong free cash flow generation continued, representing 9% of revenue.

ChampionX Corporation announced its fourth-quarter results for 2020, revealing a revenue of $706.1 million and a net income of $7.4 million. The company's adjusted EBITDA stood at $108.6 million. They also repaid $79.8 million of debt during the quarter.

ChampionX Corporation reported second-quarter results, which included revenue of $298.9 million and a net loss attributable to ChampionX of $109.6 million. Adjusted EBITDA was $34.5 million. The company highlighted the integration of legacy Apergy and legacy ChampionX is on track, expecting annualized run-rate synergies towards the high-end of the previously announced $25 to $35 million exiting 2020.

Apergy Corporation reported Q4 2019 revenue of $247.7 million with a net loss of $1.8 million. Adjusted net income was $10.3 million and adjusted EBITDA was $44.6 million, which included $7.7 million of isolated charges. The company saw improved order rates in early 2020 and expects sequential revenue growth in Q1 2020. The merger with ChampionX is expected to close by the end of Q2 2020.