NASDAQ$CHX
ChampionX Corporation · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
ChampionX reported first quarter 2021 results, demonstrating resilience amid energy market imbalances and delivering solid free cash flow.
ChampionX reported revenue of $684.9 million and net income of $5.8 million in Q1 2021. The company navigated raw material supply chain disruptions and delivered adjusted EBITDA of $94.2 million. Strong free cash flow generation continued, representing 9% of revenue.
- Revenue was $684.9 million.
- Net income attributable to ChampionX was $5.8 million; adjusted net income of $15.6 million.
- Adjusted EBITDA was $94.2 million.
- Free cash flow was $64.6 million, representing 9% of revenue.
Headline financials
Revenue & EPS history
ChampionX · Revenue · Quarterly
$685M
Revenue by segment
ChampionX · $644M total across 4 segments · Q1 2021
- Production Chemical Tech$412M—64.0%
- Production & Automation Tech$167M-18.8%25.9%
- Drilling Technologies$35M-37.5%5.4%
- Reservoir Chemical Tech$29.9M—4.6%
Forward guidance
For the second quarter of 2021, ChampionX expects revenue to be between $700 million and $740 million, and adjusted EBITDA of $97 million to $105 million.
Tailwinds
- Continued positive momentum in shorter-cycle North American businesses.
- Seasonal uptick in international operations.
- Meaningful margin rate improvement in the second half of the year.
- Exiting the year with a higher margin rate than the 2020 exit rate.
- Driven by production-oriented businesses.
Headwinds
- Some additional short-term raw materials cost inflation.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports
+0.7%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+3.6%
Avg return
30 days after
56%
19 / 34 earnings
Positive
+20.5%
Q3 2022
Best reaction
-11.8%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | — | — | — | |
| Q2 2025 | — | — | — | |
| Q1 2025 | -2.2% | -0.4% | -2.3% | |
| Q4 2024 | -0.6% | +0.3% | +1.2% | |
| Q3 2024 | -1.8% | -1.5% | +5.5% | |
| Q2 2024 | -2.0% | -2.4% | -8.0% | |
| Q1 2024 | -0.3% | -1.7% | -6.5% | |
| Q4 2023 | +10.4% | +10.2% | +19.1% | |
| Q3 2023 | -8.4% | -12.6% | -13.2% | |
| Q2 2023 | +0.2% | +1.3% | +3.6% | |
| Q1 2023 | +0.1% | +1.4% | +2.7% | |
| Q4 2022 | -11.8% | -10.2% | -0.0% | |
| Q3 2022 | +20.5% | +17.3% | +27.5% | |
| Q2 2022 | -1.8% | +1.7% | +12.9% | |
| Q1 2022 | -1.6% | — | — | |
| Q4 2021 | -4.5% | — | — | |
| Q3 2021 | +2.8% | — | — | |
| Q2 2021 | +6.8% | — | — | |
| Q1 2021 | +4.8% | — | — | |
| Q4 2020 | +10.1% | — | — | |
| Q3 2020 | +5.5% | — | — | |
| Q2 2020 | +3.5% | — | — | |
| Q1 2020 | +5.9% | — | — | |
| Q4 2019 | -11.7% | — | — | |
| Q3 2019 | +0.5% | — | — | |
| Q2 2019 | +2.4% | — | — | |
| Q1 2019 | +1.5% | — | — | |
| Q4 2016 | +0.5% | — | — | |
| Q4 2018 | +0.5% | — | — | |
| Q3 2017 | +0.7% | — | — | |
| Q3 2018 | +0.7% | — | — | |
| Q2 2017 | +4.9% | — | — | |
| Q2 2018 | -1.2% | — | — | |
| Q1 2017 | -3.2% | — | — | |
| Q4 2017 | -3.2% | — | — | |
| Q1 2018 | -3.2% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro