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ChampionX Corporation reported second quarter 2021 results with $749.2 million in revenue, a 9% increase sequentially. Net income attributable to ChampionX was $7.3 million, with adjusted EBITDA of $105.4 million and an adjusted EBITDA margin of 14.1%. The company generated $60.9 million in cash from operating activities, and free cash flow stood at $40.8 million. ChampionX expects third quarter revenue between $765 million and $805 million, driven by strong demand in both North America and international markets.
ChampionX Corporation (NASDAQ: CHX) has successfully acquired Scientific Aviation, Inc., a leader in methane emissions monitoring solutions. This acquisition aligns with ChampionX's strategy to enhance its emissions management portfolio to support customers in achieving emissions reduction goals. The integration of Scientific Aviation's technology with ChampionX's AI-driven predictive algorithms is expected to bolster environmental stewardship in the energy sector. This move follows ChampionX's prior investment in QLM Technology Ltd, reflecting a commitment to growth in the evolving energy landscape.
ChampionX Corporation (CHX) announced it will release its second quarter 2021 operating results on July 28, 2021, after market close. The company will hold a conference call on July 29, 2021, at 8:00 a.m. CT to discuss the results. Investors can access the live webcast through ChampionX’s website or by dialing in. A replay will be available for 30 days post-call. ChampionX is recognized as a leader in chemistry solutions and highly engineered equipment, enhancing oil and gas production safety and efficiency.
ChampionX Corporation reported Q1 2021 revenue of $684.9 million with a net income of $5.8 million. The adjusted EBITDA was $94.2 million, reflecting a 13.8% margin. Operating cash flow was $90.2 million, with $64.6 million as free cash flow, marking a 9% revenue ratio. The company aims for Q2 revenue between $700 million and $740 million. Significant challenges included raw material supply disruptions due to Winter Storm Uri and seasonal declines in international sales.
ChampionX Corporation (NASDAQ: CHX) announced an investment in QLM Technology Ltd, which specializes in a quantum gas camera that detects methane emissions. This investment aligns with ChampionX's strategy to leverage its capabilities in the energy market, promoting sustainable growth during the energy transition. QLM's technology aims to assist organizations in achieving net zero emissions by effectively measuring industrial methane emissions. The partnership is expected to enhance QLM's development and market presence.
ChampionX Corporation (NASDAQ: CHX) announced that it will release its Q1 2021 operating results on April 28, 2021, after market close. A conference call is scheduled for April 29, 2021, at 9:00 a.m. CT to discuss the results, which will be accessible via live webcast on the company's website or through a dedicated phone line. Interested participants are encouraged to register 15 minutes before the call. ChampionX provides chemistry solutions and specialized equipment for the oil and gas industry, enhancing production efficiency throughout the lifecycle of wells.
ChampionX Corporation reported Q4’20 revenue of $706.1 million, a sequential increase of 11%. Net income attributable to ChampionX was $7.4 million, with adjusted EBITDA at $108.6 million, up 25% sequentially. Positive cash flow included $120.6 million from operating activities and $107.6 million in free cash flow. The company also repaid $79.8 million in debt. Guidance for Q1’21 projects revenue between $650 million and $700 million, with adjusted EBITDA of $90 million to $100 million.
ChampionX Corporation announced the retirement of Jay A. Nutt, Senior VP and CFO, effective February 1, 2021, after 35 years in financial leadership roles. He will continue as an advisor until the end of Q2. Kenneth M. Fisher has been appointed as the new CFO, bringing valuable experience from Noble Energy and Shell. The leadership transition is positioned to enhance the company's strategic execution and financial goals following recent mergers.
ChampionX Corporation (NASDAQ: CHX) will release its fourth quarter and full year 2020 operating results on February 23, 2021, after market closure. A conference call is scheduled for February 24, 2021, at 9:00 AM CT to discuss these results. Investors can access the live webcast on the ChampionX website or by dialing provided numbers. A replay will be available for 30 days. ChampionX specializes in chemistry solutions and advanced equipment for oil and gas production, focusing on enhancing well lifecycle efficiency.
