Loading...
•
Mar 31, 2022
ChampionX Q1 2022 Earnings Report
ChampionX reported solid results led by robust top-line growth.
Key Takeaways
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.
Revenue of $866.0 million, increased 26% year-over-year, and 5% sequentially
Net income attributable to ChampionX of $36.7 million; adjusted net income of $45.5 million
Adjusted EBITDA of $124.8 million, increased 32% year-over-year, and decreased 6% sequentially
ChampionX initiated a regular quarterly dividend of $0.075 per share of common stock.
Revenue by Segment
Forward Guidance
For the second quarter, ChampionX expects revenue to be between $875 million and $905 million, with growth expected in each of its businesses. They expect adjusted EBITDA of $134 million to $142 million.
Positive Outlook
- Top-line momentum to continue
- Volume improvements and price increase realization to offset raw material cost inflation
- Sequential margin improvement
- Growth expected in each of our businesses
- Constructive demand tailwinds in our businesses that support a favorable multi-year outlook for our sector
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...