ChampionX Q1 2024 Earnings Report
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.
ChampionX
ChampionX
ChampionX 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