ChampionX(CHX)
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ChampionX (CHX) Buys RMSpumptools, Fortifies Oilfield Technology
ZACKS· 2024-07-11 01:01
ChampionX Corporation (CHX) , a leader in oilfield technology, acquired RMSpumptools Limited, a prominent designer and manufacturer of sophisticated mechanical and electrical solutions for complex artificial lift applications. This strategic move significantly strengthens ChampionX's capabilities and broadens its presence in critical international markets. Renowned for its expertise in electrical penetrator and connector systems, mechanical completion systems, and subsea connector systems, RMSpumptools perf ...
ChampionX Acquires RMSpumptools, Expanding Global Presence in Offshore Production Technologies Markets
Newsfilter· 2024-07-10 04:00
THE WOODLANDS, Texas, July 09, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation ("ChampionX" or the "Company") (NASDAQ: CHX), a global leader in oilfield technology, announced today it has completed the acquisition of RMSpumptools Limited, a designer and manufacturer of highly engineered mechanical and electrical solutions for complex artificial lift applications. "By adding RMSpumptools technology to our Production & Automation Technologies ("PAT") portfolio, ChampionX advances its ability to deliver greater ...
ChampionX Acquires RMSpumptools, Expanding Global Presence in Offshore Production Technologies Markets
GlobeNewswire News Room· 2024-07-10 04:00
THE WOODLANDS, Texas, July 09, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation ("ChampionX" or the "Company") (NASDAQ: CHX), a global leader in oilfield technology, announced today it has completed the acquisition of RMSpumptools Limited, a designer and manufacturer of highly engineered mechanical and electrical solutions for complex artificial lift applications. "By adding RMSpumptools technology to our Production & Automation Technologies ("PAT") portfolio, ChampionX advances its ability to deliver greater ...
ChampionX Declares Quarterly Dividend
Newsfilter· 2024-05-16 19:00
THE WOODLANDS, Texas, May 16, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) announced today its Board of Directors has declared a regular quarterly dividend of $0.095 per share on the company's common stock, par value $0.01 per share, to be paid on July 26, 2024 to shareholders of record on July 5, 2024. About ChampionX ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil an ...
ChampionX Declares Quarterly Dividend
globenewswire.com· 2024-05-16 19:00
THE WOODLANDS, Texas, May 16, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation (Nasdaq: CHX) announced today its Board of Directors has declared a regular quarterly dividend of $0.095 per share on the company's common stock, par value $0.01 per share, to be paid on July 26, 2024 to shareholders of record on July 5, 2024. About ChampionX ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help companies drill for and produce oil an ...
ChampionX(CHX) - 2024 Q1 - Quarterly Report
2024-04-26 03:36
Not applicable. ITEM 5. OTHER INFORMATION Iran Threat Reduction and Syria Human Rights Act of 2012 Under the Iran Threat Reduction and Syria Human Rights Act of 2012, which added Section 13(r) of the Exchange Act, the Company is required to disclose in its periodic reports if it or any of its affiliates knowingly engaged in certain activities, transactions or dealings relating to Iran or with entities or individuals designated pursuant to certain Executive Orders. Disclosure is required even where the activ ...
ChampionX (CHX) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-04-25 08:01
ChampionX (CHX) reported $922.14 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.8%. EPS of $0.50 for the same period compares to $0.36 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $922.13 million, representing no surprise. The company delivered an EPS surprise of +25.00%, with the consensus EPS estimate being $0.40.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...
ChampionX(CHX) - 2024 Q1 - Quarterly Results
2024-04-25 05:05
1 Production Chemical Technologies Production Chemical Technologies revenue in the first quarter of 2024 was $590.1 million, a decrease of $44.0 million, or 7%, sequentially, due primarily to seasonal declines internationally. Segment operating profit was $87.8 million and adjusted segment EBITDA was $118.0 million. Segment operating profit margin was 14.9%, a decrease of 123 basis points, sequentially, and adjusted segment EBITDA margin was 20.0%, a decrease of 193 basis points, sequentially. The sequentia ...
Schlumberger Has Significant Upside Potential With ChampionX
Seeking Alpha· 2024-04-22 02:27
Schlumberger业绩表现 - Schlumberger在FY24年度报告中显示出强劲的业绩增长,营收增长13%,aEBITDA利润率扩张[1] - 预计Schlumberger将在eFY25年度实现更强的收入增长和利润率扩张,这是由于ChampionX收购所带来的协同效应[7] - 我将SLB股票的价格目标从83.15美元提高到89.43美元,这主要是由于ChampionX收购所带来的潜在协同效应[11] Schlumberger未来展望 - 管理层表示公司将会在未来几个季度经历强劲和持久的增长,同时重申了收购ChampionX Corp.的决心[1] - 管理层预计在北半球市场活动将反弹,同时国际市场也将保持强劲,这将支持所有领域和地区的边际扩张[6] - Schlumberger宣布将在2024年和2025年增加股东回报,这将为投资者提供更多机会[9] Schlumberger市场趋势 - 预计北美地区的钻井数量将继续下降,而中东地区的天然气生产将增长,这将有利于Schlumberger的业务[2] - 预计中东地区的天然气供应将增长60%,这是由于全球LNG需求的增长,这可能会对美国干燥天然气生产造成挑战[4] - 运营商正在从重资本支出转向运营支出,这将推动Schlumberger的价值增长,尤其是在EOR策略方面[3] Schlumberger与ChampionX合作 - 预计Schlumberger和ChampionX之间将实现重大协同效应,这将支持更强的利润率和收入扩张[10] - 预计ChampionX收购将带来4年内约4亿美元的协同效益,这将支持更强的利润率和收入扩张[10]
ChampionX Announces First Quarter 2024 Earnings Release Date
Newsfilter· 2024-04-10 04:30
THE WOODLANDS, Texas, April 09, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation ("ChampionX" or the "Company") (NASDAQ:CHX) announced today that it will release its first quarter 2024 operating results on Wednesday, April 24, 2024, after the market closes. ChampionX will not host a conference call or webcast to discuss its first quarter 2024 results. About ChampionX ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help compani ...