NASDAQ$CHX
ChampionX Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
ChampionX's financial performance decreased slightly due to lower revenue in Mexico, but the company maintained strong cash flow and profitability.
ChampionX reported revenue of $893.3 million, a net income of $52.6 million, and adjusted EBITDA of $183.2 million. The company's performance was impacted by lower revenue in Mexico, but other areas saw growth. ChampionX also completed the acquisition of RMSpumptools Limited and generated positive free cash flow for the ninth consecutive quarter.
- Revenue reached $893.3 million, despite a decrease in Mexico.
- Net income attributable to ChampionX was $52.6 million.
- Adjusted EBITDA stood at $183.2 million with a margin of 20.5%.
- Free cash flow was $38.3 million, marking the ninth consecutive quarter of positive free cash flow.
Headline financials
Revenue & EPS history
ChampionX · Revenue · Quarterly
$893M
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
ChampionX has discontinued providing quarterly guidance and will not host a conference call or webcast to discuss its second quarter 2024 results, given the pending acquisition of ChampionX by SLB.
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 Q2 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% | — | — |
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