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MIL-OSI: ChampionX Announces Fourth Quarter and Full Year 2021 Earnings Release and Conference Call Schedule

MIL-OSI: ChampionX Announces Fourth Quarter and Full Year 2021 Earnings Release and Conference Call Schedule
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ChampionX Announces Fourth Quarter and Full Year 2021 Earnings Release and Conference Call Schedule

Press release content from Globe Newswire. The AP news staff was not involved in its creation.

ChampionX Announces Acquisition of Scientific Aviation, Inc

ChampionX Announces Acquisition of Scientific Aviation, Inc. THE WOODLANDS, Texas, July 05, 2021 (GLOBE NEWSWIRE) ChampionX Corporation (“ChampionX” or the “Company”) (NASDAQ: CHX) announced today the completion of its acquisition of Scientific Aviation, Inc., a market leader in site-specific and regional methane emissions monitoring solutions for continuous and periodic monitoring applications. “Our acquisition of Scientific Aviation further demonstrates our commitment to the strategic priority of evolving our portfolio for sustained growth as the energy industry evolves. This acquisition follows our investment in QLM Technology Ltd and is consistent with our growth pathway of building out our emissions management portfolio that helps our customers achieve their emissions reduction goals. We are excited about the future growth potential as we combine Scientific Aviation’s industry leading methane emissions detection and monitoring solutions with our extensive experti

ChampionX Reports Fourth Quarter and Full Year 2020 Results

  ChampionX consolidated actual results in the fourth quarter and third quarter of 2020 include results of operations of the legacy Apergy businesses and results from legacy ChampionX for the entire period. Fourth quarter 2019 results represent results of operations of the legacy Apergy businesses. In the fourth quarter of 2020, consolidated revenue increased $72.6 million, or 11%, sequentially, due to the continued recovery from the pandemic-induced downturn, as well as seasonal improvements internationally. Sequentially, international revenue increased 12% and North America revenue increased 11%. Fourth quarter 2020 consolidated revenue includes $46.2 million of chemical sales to Ecolab Inc. as compared to $49.5 million in the third quarter. As part of the Merger, the Company entered into a Cross Supply and Product Transfer Agreement with Ecolab in which certain products will be manufactured by one party for the other and sold at cost over a period of no longer than three years

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