ChampionX Corporation Reports Strong Q1 2023 Net Income of $63.1 Million
Records Robust Revenue of $948.3 Million in Q1 2023
By USInMinutes
Published - Jul 25, 2023, 01:50 PM ET
Last Updated - Jul 25, 2023, 01:50 PM EDT
ChampionX Corporation,(CHX) a leading provider of produc ts and services to the energy industry, has released its unaudited financial statements for the first quarter of 2023. The company demonstrates impressive financial performance with notable increases in both net income and revenue compared to the same period last year.
Net Income: Impressive Growth in Q1 2023
ChampionX Corporation has reported a remarkable net income of $63.1 million for the first quarter of 2023. This substantial figure shows a significant improvement from the net income of $38.2 million recorded during the same period in the previous year, representing a robust year-over-year growth in profitability.
