ChampionX Reports Fourth Quarter and Full Year 2023 Results, Increases Share Repurchase Authorization to $1.5 Billion and Raises Quarterly Dividend by 12%

February 5, 2024

https://www.globenewswire.com/news-release/2024/02/05/2823879/0/en/ChampionX-Reports-Fourth-Quarter-and-Full-Year-2023-Results-Increases-Share-Repurchase-Authorization-to-1-5-Billion-and-Raises-Quarterly-Dividend-by-12.html

THE WOODLANDS, Texas, Feb. 05, 2024 (GLOBE NEWSWIRE) — ChampionX Corporation (NASDAQ:CHX) (“ChampionX” or the “Company”) today announced fourth quarter of 2023 and full year 2023 results. For the fourth quarter of 2023, revenue was $943.6 million, net income attributable to ChampionX was $77.2 million, and adjusted EBITDA was $198.1 million. Income before income taxes margin was 12.1%, and adjusted EBITDA margin was 21.0%. Cash provided by operating activities was $169.0 million, and free cash flow was $139.8 million.

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