Loading...
•
Dec 31, 2020
ChampionX Q4 2020 Earnings Report
ChampionX reported Q4 2020 results, delivering revenue of $706.1 million and adjusted EBITDA of $108.6 million, marking a sequential increase of 25%.
Key Takeaways
ChampionX Corporation announced its fourth-quarter results for 2020, revealing a revenue of $706.1 million and a net income of $7.4 million. The company's adjusted EBITDA stood at $108.6 million. They also repaid $79.8 million of debt during the quarter.
Revenue of $706.1 million in Q4 2020.
Net income attributable to ChampionX of $7.4 million in Q4 2020; adjusted net income of $14.3 million.
Adjusted EBITDA of $108.6 million in Q4 2020.
Free cash flow of $107.6 million (15% of revenue) in Q4 2020; free cash flow of $115.5 million (16% of revenue) excluding acquisition-related expenses.
ChampionX
ChampionX
ChampionX Revenue by Segment
Revenue by Segment
Production Chemical Tech Revenue
CapyFin.comProduction & Automation Tech Revenue
CapyFin.comDrilling Technologies Revenue
CapyFin.comReservoir Chemical Tech Revenue
CapyFin.com Forward Guidance
For the first quarter, the company expects revenue to be between $650 million and $700 million, and adjusted EBITDA of $90 million to $100 million, excluding winter storm impacts.
Positive Outlook
- Anticipated continued positive momentum in shorter-cycle North American land-oriented businesses.
- Expect year-over-year margin improvement as we exit 2021.
- Disciplined operating model
- Differentiated products and technology
- Robust free cash flow
Challenges Ahead
- Expect seasonal declines in international operations
- Anticipate some near-term cost pressures as oilfield activity levels normalize versus the pandemic-induced trough levels of last year.
- Assessing the first quarter impact of the severe winter storms in major oil producing basins
- Guidance does not include the impact of extreme weather challenges experienced in February.
- Potential continued impacts from the pandemic
Revenue & Expenses
Visualization of income flow from segment revenue to net income