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Stock impact report

ChampionX Reports Second Quarter 2024 Results [Yahoo! Finance]

ChampionX Corporation (CHX) 
Company Research Source: Yahoo! Finance
Adjusted EBITDA of $183.2 million Income before income taxes margin of 9.3% Adjusted EBITDA margin of 20.5% Cash from operating activities of $67.6 million and free cash flow of $38.3 million THE WOODLANDS, Texas, July 24, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (NASDAQ: CHX) (“ChampionX” or the “Company”) today announced second quarter of 2024 results. Revenue was $893.3 million, net income attributable to ChampionX was $52.6 million, and adjusted EBITDA was $183.2 million. Income before income taxes margin was 9.3% and adjusted EBITDA margin was 20.5%. Cash from operating activities was $67.6 million and free cash flow was $38.3 million. CEO Commentary “We continued to demonstrate the unique nature of ChampionX's cash flow resiliency driven by the strength of our high-margin operating model and capital-light portfolio of businesses as we generated positive free cash flow for the ninth consecutive quarter. Our strong results in what is a variable environment refle Show less Read more
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