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Mar 31, 2024
ChampionX Q1 2024 Earnings Report
ChampionX reported strong adjusted EBITDA and robust free cash flow despite seasonal headwinds, with increased profitability driven by focus on productivity.
Key Takeaways
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.
Revenue was $922.1 million, a decrease of 3% year-over-year.
Net income attributable to ChampionX was $112.9 million, increased 78% year-over-year.
Adjusted EBITDA was $191.7 million, increased 4% year-over-year.
Cash from operating activities was $173.5 million and free cash flow was $144.0 million.
Revenue by Segment
Forward Guidance
Given the pending acquisition of ChampionX by SLB, ChampionX has discontinued providing quarterly guidance and will not host a conference call or webcast to discuss its first quarter 2024 results.
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
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