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Sep 30, 2024
ChampionX Q3 2024 Earnings Report
ChampionX reported strong adjusted EBITDA and free cash flow, driven by customer focus.
Key Takeaways
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%.
Revenue was $906.5 million.
Net income attributable to ChampionX was $72.0 million.
Adjusted EBITDA was $197.5 million.
Free cash flow was $108.1 million.
ChampionX
ChampionX
ChampionX Revenue by Segment
Forward Guidance
ChampionX discontinued providing quarterly guidance given the pending acquisition of ChampionX by SLB.
Revenue & Expenses
Visualization of income flow from segment revenue to net income