Brief: ChampionX Reports First Quarter 2023 Results

ChampionX

24/04/2023 22:03

April 24 (Reuters) - Championx Corp  CHX.O :
    * CHAMPIONX REPORTS FIRST QUARTER 2023 RESULTS
    * ON A CONSOLIDATED BASIS, IN Q2, WE EXPECT REVENUE TO BE
BETWEEN
$970 MILLION AND $1.0 BILLION
    * IN Q2, SEES SEASONAL REBOUND IN INTERNATIONAL BUSINESSES,
CONTINUED POSITIVE MOMENTUM IN SHORTER-CYCLE NORTH AMERICAN
BUSINESSES
    * SEEING GOOD VOLUME PICK-UP IN INTERNATIONAL MARKETS IN
MONTH OF
APRIL
    * EXPECT OUR 2023 CASH GENERATION TO BE STRONG, CONVERTING
AT
LEAST 50% OF OUR ADJUSTED EBITDA TO FREE CASH FLOW
    * ON A CONSOLIDATED BASIS, IN Q2, SEES REVENUE TO BE BETWEEN
$970
MILLION AND $1.0 BILLION
    * SEES Q2 ADJUSTED EBITDA OF $182 MILLION TO $190 MILLION
    * QTRLY EARNINGS PER SHARE $0.31
    * Q1 EARNINGS PER SHARE VIEW $0.35, REVENUE VIEW $968.7
MILLION --
REFINITIV IBES DATA
    * Q2 REVENUE VIEW $997.8 MILLION -- REFINITIV IBES DATA
    * ON ADJUSTED EBITDA MARGIN EXPECTS TO DELIVER AN EXIT RATE
OF
GREATER THAN 20% IN Q4 OF THIS YEAR

Source text for Eikon:  ID:nGNXqwQqM 
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