Championx CORP
Market Movers (8-K)
ChampionX Corporation has completed its merger with Schlumberger Limited (SLB), becoming an indirect wholly-owned subsidiary of SLB, leading to its delisting from Nasdaq and significant corporate governance changes.
ChampionX Corporation announced the results of its 2025 Annual Meeting, where shareholders overwhelmingly approved all proposals, including the re-election of eight directors, ratification of PricewaterhouseCoopers LLP as independent auditors, and advisory approval of executive compensation.
8-K: ChampionX Reports First Quarter 2025 Results: Revenue $864.5 Million, Adjusted EBITDA $190.9 Million
ChampionX announced its first quarter 2025 results, reporting revenue of $864.5 million and adjusted EBITDA of $190.9 million.
ChampionX has entered into an agreement to sell its US Synthetic Corporation to LongRange Capital for approximately $300 million in cash, contingent on customary closing conditions and the completion of the ChampionX-SLB merger.
8-K: ChampionX Reports Strong Fourth Quarter and Full Year 2024 Results Amidst Pending SLB Acquisition
ChampionX announced its fourth quarter and full year 2024 results, showcasing revenue of $912.0 million for the quarter and $3.6 billion for the year, alongside strong adjusted EBITDA and free cash flow, while awaiting regulatory approval for its acquisition by SLB.
Better than expected
ChampionX Corporation has entered into an agreement with its CFO, Kenneth Fisher, to mitigate potential tax liabilities related to the upcoming merger with Schlumberger.
Quarterly Earnings (10-Q)
ChampionX Corporation announces its first quarter 2025 financial results, showing a decrease in revenue and operating profit, while navigating a pending merger with Schlumberger and the planned sale of US Synthetic.
Worse than expected
ChampionX Corporation's Q3 2024 results show a slight revenue increase sequentially, but a decrease year-over-year, while navigating a pending merger with Schlumberger.
Worse than expected
Delay expected
ChampionX Corporation announced its second quarter 2024 financial results, showing a decrease in revenue but an increase in gross profit, while also navigating a pending merger with Schlumberger.
Worse than expected
Delay expected
ChampionX Corporation announced its first quarter 2024 financial results, showing increased profitability and revenue in some segments, while also detailing a pending merger agreement with Schlumberger.
Better than expected
Annual Reports (10-K)
ChampionX Corporation's 2024 results reflect a slight revenue decrease offset by improved profitability, while the company progresses towards its merger with Schlumberger.
Delay expected
Worse than expected
10-K: ChampionX Corporation Details Common Stock Characteristics and Corporate Governance in 10-K Filing
ChampionX Corporation's 10-K filing details the characteristics of its common stock, authorized shares, dividend policy, anti-takeover provisions, and various corporate governance measures.
Insider Trading (Form 4)
A ChampionX Corp. executive has filed a Form 4 detailing the planned conversion of her common stock and restricted stock units into Schlumberger Limited shares on July 16, 2025, following the previously announced merger.
A recent SEC Form 4 filing reveals the conversion of ChampionX Corp shares, restricted stock units, and stock appreciation rights held by President Paul E. Mahoney into Schlumberger Limited common stock and cash, following the merger where ChampionX became an indirect wholly-owned subsidiary of SLB.
Kenneth M. Fisher, EVP & CFO of ChampionX Corp, has converted his ChampionX common stock, deferred stock units, and restricted stock awards into Schlumberger Limited common stock following the merger.
A ChampionX Corp director's common stock and deferred stock units were converted into Schlumberger Limited shares following the completion of the merger agreement.
Robert K. Galloway's ChampionX Corp. equity and derivative holdings were converted into Schlumberger Limited shares and cash as part of the merger effective July 16, 2025.
ChampionX Corp Director Heidi S Alderman converted her beneficial ownership in ChampionX common stock into Schlumberger Limited common stock following the merger where ChampionX became an indirect wholly-owned subsidiary of Schlumberger.
Proxy Statements (Def-14A)
ChampionX Corporation has filed a definitive proxy statement with the SEC.
ChampionX Corp has released its proxy statement for the 2025 annual meeting of shareholders, detailing key proposals including the election of directors, ratification of the accounting firm, and executive compensation.
ChampionX stockholders are set to vote on a proposed merger agreement where Schlumberger will acquire ChampionX in an all-stock transaction.
ChampionX Corporation releases materials outlining talking points and FAQs for employees regarding the proposed acquisition by SLB, emphasizing the strengths of both companies and the benefits for customers.
ChampionX has agreed to be acquired by SLB in an all-stock transaction valued at $8.2 billion, offering shareholders a 15% premium and future upside in the combined company.
ChampionX and SLB are combining their production technologies and global reach to create significant value for customers and stakeholders.