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Jun 30, 2024
ChampionX Q2 2024 Earnings Report
ChampionX's financial performance decreased slightly due to lower revenue in Mexico, but the company maintained strong cash flow and profitability.
Key Takeaways
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.
Revenue reached $893.3 million, despite a decrease in Mexico.
Net income attributable to ChampionX was $52.6 million.
Adjusted EBITDA stood at $183.2 million with a margin of 20.5%.
Free cash flow was $38.3 million, marking the ninth consecutive quarter of positive free cash flow.
Revenue by Segment
Forward Guidance
ChampionX has discontinued providing quarterly guidance and will not host a conference call or webcast to discuss its second quarter 2024 results, given the pending acquisition of ChampionX by SLB.
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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