NASDAQ$CHX
ChampionX Corporation · Q4 2020 earnings
Q4 2020 earnings · · Investor relations
Briefing
ChampionX reported Q4 2020 results, delivering revenue of $706.1 million and adjusted EBITDA of $108.6 million, marking a sequential increase of 25%.
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.
Headline financials
Revenue & EPS history
ChampionX · Revenue · Quarterly
$706M
Revenue by segment
ChampionX · $660M total across 4 segments · Q4 2020
- Production Chemical Tech$447M—67.7%
- Production & Automation Tech$159M-22.0%24.1%
- Reservoir Chemical Tech$30.9M—4.7%
- Drilling Technologies$23.6M-46.6%3.6%
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.
Tailwinds
- 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
Headwinds
- 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
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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