---
schema_version: "secwatch.filing_event.v1"
accession: "0001723089-24-000084"
form_type: "8-K"
ticker: null
cik: "0001723089"
company_name: "ChampionX Corp"
filed_at: "2024-04-24T23:59:59+00:00"
generated_at: "2026-06-03T09:46:09.554159+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# ChampionX Q1 net income up 78% to $112.9M, adjusted EBITDA up 4% despite 3% revenue decline

## Summary
- Revenue $922.1M (-3% YoY); net income $112.9M (+78% YoY); adjusted net income $96.4M (+17% YoY).
- Adjusted EBITDA $191.7M (+4% YoY); margin 20.8% (+130 bps). Cash from ops $173.5M, free cash flow $144.0M.
- Production Chemical Tech revenue $590.1M (-7% seq); Production & Automation $252.6M (+5% seq); Drilling $55.2M (+18% seq).
- Drilling segment includes $29.9M gain on sale-leaseback; op profit margin 80.4%.
- Pending all-stock SLB acquisition expected by end 2024; no quarterly guidance or earnings call.

## SEC filing metadata
- accession: 0001723089-24-000084
- form_type: 8-K
- cik: 0001723089
- company_name: ChampionX Corp
- filed_at: 2024-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1723089/000172308924000084/0001723089-24-000084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1723089/000172308924000084/championx-20240424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001723089-24-000084
- JSON: https://secwatch.observer/filing/0001723089-24-000084.json
- Plain text: https://secwatch.observer/filing/0001723089-24-000084.txt

## Key facts
- Earnings Releases
  ChampionX Corp reported first quarter of 2024 results: revenue $922.1 million, net income $112.9 million.
  - Period: first quarter of 2024
  - Revenue: $922.1 million
  - Net income: $112.9 million
  - Result: reported results
  source text: Revenue was $922.1 million, net income attributable to ChampionX was $112.9 million, and adjusted EBITDA was $191.7 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1723089/000172308924000084/0001723089-24-000084-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.