ChampionX Corporation (NASDAQ:CHX) Q2 2023 Results Conference Call July 25, 2023 9:00 AM ET
Company Participants
Byron Pope - VP, ESG & IR
Soma Somasundaram - President, CEO
Ken Fisher - EVP, CFO
Conference Call Participants
Ati Modak - Goldman Sachs
Doug Becker - Capital One
David Anderson - Barclays
Marc Bianchi - TD Cowen
Scott Gruber - Citi
Stephen Gengaro - Stifel
Operator
Good morning, welcome to ChampionX Corporation's Second Quarter 2023 Earnings Conference Call. Your host for this morning's call is Byron Pope.
I will now turn the call over to Mr. Pope. You may begin.
Byron Pope
Thank you. Good morning, everyone. With me today are Soma Somasundaram, President and CEO of ChampionX; and Ken Fisher, our Executive Vice President and CFO. During today's call, Soma will share some of our company's highlights. Ken will then discuss our second quarter results and third quarter outlook before turning the call back to Soma for some summary thoughts. We will then open the call for Q&A.
During today's call, we will be referring to the slides posted on our website. Let me remind all participants that some of the statements we will be making today are forward-looking. These matters involve risks and uncertainties that could cause material difference in our results from those projected in these statements. Therefore, I refer you to our last 10-K filing and our other SEC filings for a discussion of some of the factors that could cause actual results to differ materially. Our comments today also include non-GAAP financial measures. Additional details on reconciliations to the most directly comparable GAAP financial measures can be found in our second quarter press release, which is available on our website.
I will now turn the call over to Soma.
Soma Somasundaram
Thank you, Byron. Good morning, everyone. I would like to welcome our shareholders, employees and analysts to our second quarter 2023 earnings call. Thanks for joining us today. We demonstrated ChampionX's strong execution capabilities in the second quarter as we delivered adjusted EBITDA growth and adjusted EBITDA margin expansion while continuing our robust free cash flow generation and returning capital to our shareholders. I'm grateful for the tireless dedication that our employees demonstrate day in, day out in being consumed advocates for our customers.
On Slide #4, we will always begin our earnings call with our corporate vision, purpose and operating philosophy. We work every day to improve the lives of our customers, our employees, our shareholders and our communities. Speaking of our purpose, June 3 marked the 3-year anniversary of our transformational merger, consistent with our purpose of improving lives. As you can see on Slide #5, we celebrated our 3-year anniversary by volunteering over 3,000 hours of service in communities around the world. It is humbling to see our team's commitment to our purpose put into action in such tangible ways.