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 Corporation's First Quarter 2023 Results. 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 our company’s highlights. Ken will then discuss our first quarter results and second 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 latest 10-K filings and our other SEC filings for a discussion of some of the factors that could cause actual results to differ materially.
Our comments today may also include non-GAAP financial measures. Additional details on reconciliations to the most directly comparable GAAP financial measures can be found in our first 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 first quarter 2023 earnings call. Thanks for joining us today. Let me start by saying that ChampionX delivered strong performance in the first quarter on our key metrics, including adjusted EBITDA margin expansion, free cash flow generation and capital return to our shareholders. I'm appreciative of the remarkable dedication that our employees demonstrate daily in delivering value to our customers. Before I touch on our first quarter performance on slide number 4, we always begin our earnings call with our corporate vision, purpose and operating philosophy because we wake up every day focused on improving the lives of our customers, our employees, our shareholders and our communities.