ChampionX Corporation (NASDAQ:CHX) Q3 2023 Earnings Conference Call October 25, 2023 9:00 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

Marc Bianchi – TD Cowen

David Anderson – Barclays

Scott Gruber – Citigroup

Ati Modak – Goldman Sachs

Saurabh Pant – Bank of America

Doug Becker – Capital One

Operator

Good morning. Welcome to ChampionX Corporation's Third 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 third quarter results and fourth 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 may also include non-GAAP financial measures. Additional details on reconciliations to the most directly comparable GAAP financial measures can be found in our third 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 third quarter 2023 earnings call. Thanks for joining us today. We demonstrated the benefits of our geographically diversified portfolio in the third quarter as we delivered adjusted EBITDA growth and margin expansion despite some near-term cross-currents in our short cycle U.S. land businesses. We once again delivered robust free cash flow generation and returned excess capital to our shareholders. I’m appreciative of all our employees for their focus and tireless dedication to delivering value to our customers day-in and day-out.