ChampionX reports Q2 adjusted EPS 48c, consensus 44c

Reports Q2 revenue $926.6M, consensus $980.39M. “We continued to demonstrate ChampionX’s strong execution capabilities during the second quarter as we delivered adjusted EBITDA growth and adjusted EBITDA margin expansion while continuing our robust free cash flow generation. We have an unwavering focus on shareholder value creation and our disciplined framework of capital allocation, including high-return organic investment and shareholder returns. I want to thank all our worldwide employees for their continued dedication and commitment to serving our customers and communities well. I am thankful and humbled to lead such a talented and motivated team,” ChampionX’s president and CEO Sivasankaran “Soma” Somasundaram said.