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Dec 31, 2019
ChampionX Q4 2019 Earnings Report
Apergy reported Q4 2019 results with revenue of $247.7 million and a net loss of $1.8 million.
Key Takeaways
Apergy Corporation reported Q4 2019 revenue of $247.7 million with a net loss of $1.8 million. Adjusted net income was $10.3 million and adjusted EBITDA was $44.6 million, which included $7.7 million of isolated charges. The company saw improved order rates in early 2020 and expects sequential revenue growth in Q1 2020. The merger with ChampionX is expected to close by the end of Q2 2020.
Q4 2019 revenue was $247.7 million.
Net loss attributable to Apergy was $1.8 million.
Adjusted net income was $10.3 million.
Adjusted EBITDA was $44.6 million, including $7.7 million of isolated charges.
Revenue by Segment
Forward Guidance
Apergy anticipates sequential improvement across its business in Q1-20. Consolidated revenue is expected to be between $255 to $265 million and adjusted EBITDA is expected to be between $50 to $56 million.
Positive Outlook
- Consolidated revenue is expected to be between $255 to $265 million.
- Adjusted EBITDA is expected to be between $50 to $56 million.
- Depreciation & amortization expense ~$30 million
- Interest expense ~$9 million
- Effective tax rate 22% to 24%
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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