ChampionX reports Q1 adjusted EPS 50c, consensus 44c

Reports Q1 revenue $864.46M, consensus $901.95M. “The first quarter demonstrated the resilience of our ChampionX (CHX) portfolio as we delivered strong adjusted EBITDA and adjusted EBITDA margin, and generated positive free cash flow. These results reflect the commitment of our ChampionX employees around the world who express daily an unwavering focus on delivering value-added solutions for our customers’ most important challenges. I am thankful and humbled to lead such a talented and dedicated team,” ChampionX’s President and CEO Sivasankaran “Soma” Somasundaram said.