NASDAQ$CHX
ChampionX Corporation · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
ChampionX reported strong adjusted EBITDA and robust free cash flow despite seasonal headwinds, with increased profitability driven by focus on productivity.
ChampionX reported a revenue of $922.1 million, a net income of $112.9 million, and an adjusted EBITDA of $191.7 million for Q1 2024. The company's performance reflects the resilience of its portfolio and a focus on productivity, resulting in improved profitability and strong free cash flow generation.
- Revenue was $922.1 million, a decrease of 3% year-over-year.
- Net income attributable to ChampionX was $112.9 million, increased 78% year-over-year.
- Adjusted EBITDA was $191.7 million, increased 4% year-over-year.
- Cash from operating activities was $173.5 million and free cash flow was $144.0 million.
Headline financials
Revenue & EPS history
ChampionX · Revenue · Quarterly
$922M
Revenue by segment
ChampionX · $940M total across 4 segments · Q3 2023
- Production Chemical Tech$604M-6.1%64.3%
- Production & Automation Tech$256M+3.4%27.2%
- Drilling Technologies$54.9M-10.0%5.8%
- Reservoir Chemical Tech$25.1M-29.3%2.7%
Forward guidance
Given the pending acquisition of ChampionX by SLB, ChampionX has discontinued providing quarterly guidance and will not host a conference call or webcast to discuss its first quarter 2024 results.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 12 quarterly earnings reports · overlaid with Q1 2024
+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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