ChampionX Corporation (NASDAQ:CHX) Q1 2023 Earnings Call Transcript April 25, 2023 10:00 AM ET Company Participants Byron Pope - Vice President, ESG and Investor Relations Soma Somasundaram - President and Chief Executive Officer Ken Fisher - Executive Vice President and Chief Financial Officer Conference Call Participants Stephen Gengaro - Stifel Scott Gruber - Citigroup Marc Bianchi - TD Cowen Saurabh Pant - Bank of America Atidrip Modak - Goldman Sachs Operator Good morning. Welcome to ChampionX Corporat ...

◦ We still expect to convert at least 50% of our adjusted EBITDA to free cash flow in 2023 • Continued commitment to return capital to shareholders Copyright 2023 ChampionX. All rights reserved. 6 • Positive adjusted EBITDA margin momentum ◦ Returned 80% of free cash flow to shareholders in the first quarter ◦ We remain committed to returning at least 60% of free cash flow to shareholders in 2023 Note: See ChampionX First Quarter 2023 earnings release and the appendix herein for reconciliation of non-GAAP f ...

For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38441 ChampionX Corporation (Exact name of registrant as specified in its charter) Delaware 82-3066826 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 2445 Technology Forest Blvd, Building 4, 12th Floor The Woodlands, Texas 77381 (Address of principal execut ...

52 Contract Balances | --- | --- | --- | --- | |----------------------------------------|------------|------------------|----------------| | (in thousands) \nContract assets | 2022 \n$ | December \n— $ | 31, \n2021 \n— | | Contract liabilities | | 14,113 | 15,246 | Contract assets primarily relate to work completed for performance obligations that are satisfied over time and are recorded in prepaid expenses and other current assets on our consolidated balance sheets. Contract assets are transferred to recei ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38441 ChampionX Corporation (Exact name of registrant as specified in its charter) Delaware 82-3066826 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38441 ChampionX Corporation (Exact name of registrant as specified in its charter) Delaware 82-3066826 (State or other jurisdiction of inco ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38441 ChampionX Corporation (Exact name of registrant as specified in its charter) Delaware 82-3066826 (State or other jurisdiction of inc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-38441 ChampionX Corporation (Exact name of registrant as specified in its charter) Delaware 82-3066826 (State or other jurisdiction of incorpor ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38441 ChampionX Corporation (Exact name of registrant as specified in its charter) Delaware 82-3066826 (State or other jurisdiction of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38441 ChampionX Corporation (Exact name of registrant as specified in its charter) Delaware 82-3066826 (State or other jurisdiction of inco ...