NASDAQ$CHX
ChampionX Corporation · Q4 2021 earnings
Q4 2021 earnings · · Investor relations
Briefing
ChampionX's Q4 2021 results were announced, featuring revenue of $822.1 million and net income of $43.4 million.
ChampionX reported Q4 2021 results with revenue of $822.1 million and net income attributable to ChampionX of $43.4 million. The company's adjusted EBITDA was $133.1 million, and free cash flow was $71.0 million. They also initiated a quarterly cash dividend of $0.075 per share.
- Revenue reached $822.1 million.
- Net income attributable to ChampionX was $43.4 million; adjusted net income was $54.2 million.
- Adjusted EBITDA was $133.1 million with margin expansion of 110 basis points sequentially.
- Free cash flow was $71.0 million, representing 9% of revenue.
Headline financials
Revenue & EPS history
ChampionX · Revenue · Quarterly
$822M
Revenue by segment
ChampionX · $788M total across 4 segments · Q4 2021
- Production Chemical Tech$495M+10.9%62.9%
- Production & Automation Tech$203M+27.8%25.7%
- Drilling Technologies$50.1M+112.4%6.4%
- Reservoir Chemical Tech$39.8M+28.6%5.0%
Forward guidance
For Q1 2022, ChampionX expects revenue between $815 million and $845 million, and adjusted EBITDA of $122 million to $130 million. The company anticipates positive top-line and bottom-line growth for the full year, with an exit 2022 adjusted EBITDA margin rate of 18%.
Tailwinds
- Expect typical seasonal declines in international operations to be partially offset by revenues delayed from Q4 due to supply chain bottlenecks.
- Positive momentum in shorter-cycle North American land drilling-oriented business.
- Confident that the company will deliver positive top-line and bottom-line growth.
- Targeting an exit 2022 adjusted EBITDA margin rate of 18%.
- Focused on profitable growth and delivering continued margin expansion in each of the businesses as we progress through the year.
Headwinds
- Expect typical seasonal declines in international operations.
- Raw material availability and global supply chain bottlenecks to constrain growth somewhat in the first half of 2022.
- Supply chain bottlenecks which constrained international sales during the period.
- COVID impact.
- Continued raw material inflation and logistics headwinds.
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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