Not applicable. ITEM 5. OTHER INFORMATION Iran Threat Reduction and Syria Human Rights Act of 2012 Under the Iran Threat Reduction and Syria Human Rights Act of 2012, which added Section 13(r) of the Exchange Act, the Company is required to disclose in its periodic reports if it or any of its affiliates knowingly engaged in certain activities, transactions or dealings relating to Iran or with entities or individuals designated pursuant to certain Executive Orders. Disclosure is required even where the activ ...

ChampionX (CHX) reported $922.14 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 2.8%. EPS of $0.50 for the same period compares to $0.36 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $922.13 million, representing no surprise. The company delivered an EPS surprise of +25.00%, with the consensus EPS estimate being $0.40.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they co ...

1 Production Chemical Technologies Production Chemical Technologies revenue in the first quarter of 2024 was $590.1 million, a decrease of $44.0 million, or 7%, sequentially, due primarily to seasonal declines internationally. Segment operating profit was $87.8 million and adjusted segment EBITDA was $118.0 million. Segment operating profit margin was 14.9%, a decrease of 123 basis points, sequentially, and adjusted segment EBITDA margin was 20.0%, a decrease of 193 basis points, sequentially. The sequentia ...

AdrianHancu Schlumberger (NYSE:SLB) reported a strong start to FY24 with revenue growing 13% paired with aEBITDA margin expansion. Though the firm came in shy of my forecast, management remains adamant that the firm will experience strong and durable growth in the coming quarters. In addition to improvements in international production, management reaffirmed their agreement to acquire Houston, TX-based ChampionX Corp. (NASDAQ:CHX) in an all-stock deal valued at $7.8b at the time of the original announcement ...

THE WOODLANDS, Texas, April 09, 2024 (GLOBE NEWSWIRE) -- ChampionX Corporation ("ChampionX" or the "Company") (NASDAQ:CHX) announced today that it will release its first quarter 2024 operating results on Wednesday, April 24, 2024, after the market closes. ChampionX will not host a conference call or webcast to discuss its first quarter 2024 results. About ChampionX ChampionX is a global leader in chemistry solutions, artificial lift systems, and highly engineered equipment and technologies that help compani ...

SLB (SLB) and ChampionX Corporation (CHX) have announced a definitive agreement for SLB to acquire ChampionX in an all-stock transaction. The agreement, which has received unanimous approval from ChampionX’s board of directors, marks a significant development in the oil and gas industry.Strategic Alliance for Enhanced Production SolutionsPer the terms of the agreement, ChampionX’s shareholders will receive 0.735 shares of SLB common stock for each ChampionX share they own. Following the closing of the trans ...

The U.S. stock market had a solid first quarter, with all three major indexes hitting new record highs. The S&P rallied 10.2% to record the best first quarter since 2019. The Dow finished the quarter up 5.6%, while the Nasdaq rallied 9.1%.Also, optimism surrounding rate cuts is high after the Federal Reserve left interest rates unchanged in its current range of 5.25-5.5% in its March FOMC meeting and said that it still plans three interest rate cuts of a quarter percentage point each by the end of this year ...

ChampionX (CHX) shares soared 10.4% in the last trading session to close at $39.08. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12.4% gain over the past four weeks.Shares of CHX are quite likely to have appreciated after the announcement of its acquisition by SLB was released. Per the definitive agreement, ChampionX shareholders will receive 0.735 shares of SLB common stock for every ChampionX share. Furthermore, at the closi ...

Key TakeawaysSLB on Tuesday announced it was paying about $7.8 billion in stock to purchase rival oilfield services provider ChampionX.The approximately $40.59 per share offer was a 14.7% premium over ChampionX's closing price Monday.SLB also said it would be returning $7 billion to its shareholders over the next two years. Shares of ChampionX (CHX) jumped Tuesday after SLB (SLB) agreed to buy the rival oilfield services provider in an all-stock transaction valued at about $7.8 billion. SLB announced that C ...

Acquisition strengthens SLB as a leader in production space, with world-class production chemicals and artificial lift technologiesCombined portfolios will drive customer value through deep industry expertise and digital integration, as well as enhanced equipment life and production optimizationChampionX shareholders to receive 0.735 SLB shares for each share of ChampionXAnnual pre-tax synergies to reach approximately $400 million within three yearsSLB will increase its total returns to shareholders to a ta ...