ChampionX Q3 Financial Results: Adjusted EPS and Revenue Miss Estimates

ChampionX Corporation reported its financial results for the third quarter, revealing an adjusted earnings per share (EPS) of 44 cents, slightly below the consensus estimate of 46 cents. The company's revenue for the quarter reached $906.53 million, falling short of the expected $932.24 million. Despite this, ChampionX highlighted the resilience of its portfolio, showcasing strong adjusted EBITDA and robust free cash flow. The company's President and CEO, Sivasankaran Somasundaram, expressed gratitude towards employees for their dedication to serving customers and contributing to the company's mission of improving lives.