NASDAQ$CHX
ChampionX Corporation · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
ChampionX reported solid results led by robust top-line growth.
ChampionX reported first quarter 2022 results with revenue of $866.0 million, a 26% increase year-over-year. Net income was $36.7 million and adjusted EBITDA was $124.8 million. The company delivered targeted annualized cost synergies of $125 million exiting the first quarter.
- Revenue of $866.0 million, increased 26% year-over-year, and 5% sequentially
- Net income attributable to ChampionX of $36.7 million; adjusted net income of $45.5 million
- Adjusted EBITDA of $124.8 million, increased 32% year-over-year, and decreased 6% sequentially
- ChampionX initiated a regular quarterly dividend of $0.075 per share of common stock.
Headline financials
Revenue & EPS history
ChampionX · Revenue · Quarterly
$866M
Revenue by segment
ChampionX · $832M total across 4 segments · Q1 2022
- Production Chemical Tech$515M+24.9%61.9%
- Production & Automation Tech$220M+32.1%26.5%
- Drilling Technologies$56.9M+62.5%6.8%
- Reservoir Chemical Tech$39.9M+33.5%4.8%
Forward guidance
For the second quarter, ChampionX expects revenue to be between $875 million and $905 million, with growth expected in each of its businesses. They expect adjusted EBITDA of $134 million to $142 million.
Tailwinds
- Top-line momentum to continue
- Volume improvements and price increase realization to offset raw material cost inflation
- Sequential margin improvement
- Growth expected in each of our businesses
- Constructive demand tailwinds in our businesses that support a favorable multi-year outlook for our sector
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% | — | — |
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