ChampionX | 10-Q: FY2025 Q1 Revenue Misses Estimate at USD 864.46 M

LB filings
2025.04.30 20:16

Revenue: As of FY2025 Q1, the actual value is USD 864.46 M, missing the estimate of USD 901.95 M.

EPS: As of FY2025 Q1, the actual value is USD 0.44, missing the estimate of USD 0.4538.

EBIT: As of FY2025 Q1, the actual value is USD 104.41 M.

Production Chemical Technologies

  • Segment Revenue: $523.4 million for the three months ended March 31, 2025, compared to $590.1 million for the same period in 2024.
  • Operating Profit: $82.2 million for the three months ended March 31, 2025, compared to $87.8 million for the same period in 2024.

Production & Automation Technologies

  • Segment Revenue: $264.4 million for the three months ended March 31, 2025, compared to $252.6 million for the same period in 2024.
  • Operating Profit: $37.6 million for the three months ended March 31, 2025, compared to $28.5 million for the same period in 2024.

Drilling Technologies

  • Segment Revenue: $50.5 million for the three months ended March 31, 2025, compared to $55.2 million for the same period in 2024.
  • Operating Profit: $8.2 million for the three months ended March 31, 2025, compared to $44.4 million for the same period in 2024.

Reservoir Chemical Technologies

  • Segment Revenue: $26.9 million for the three months ended March 31, 2025, compared to $24.7 million for the same period in 2024.
  • Operating Profit: $5.5 million for the three months ended March 31, 2025, compared to $3.7 million for the same period in 2024.

Cash Flow

  • Operating Cash Flow: $66.8 million for the three months ended March 31, 2025, compared to $173.5 million for the same period in 2024.
  • Free Cash Flow: Not explicitly stated, but cash used in investing activities was $28.2 million, and cash used in financing activities was $20.1 million for the three months ended March 31, 2025.

Future Outlook and Strategy

  • Core Business Focus: ChampionX anticipates continued volatility in oil prices due to geopolitical factors and OPEC+ production changes. The company plans to offset cost increases through customer price adjustments and productivity initiatives.
  • Non-Core Business: The company is in the process of divesting US Synthetic Corporation, with expected cash consideration of approximately $300 million.

Unique Metrics

  • Merger Agreement: ChampionX entered into a merger agreement with Schlumberger Limited, with ChampionX surviving as an indirect wholly owned subsidiary of SLB.
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