Category: Uncategorized

06/03/2020 Creates a Global Leader in Production-Optimization Solutions Newly combined company now named “ChampionX Corporation”; ticker symbol “CHX” Integration expected to deliver $75 million in cost synergies plus additional revenue growth opportunities Transaction immediately deleverages the combined company’s balance sheet Two new board members will join seven existing Apergy board members to form the new ChampionX Corporation board of directors THE…

THE WOODLANDS, Texas, May 28, 2020 (GLOBE NEWSWIRE) — Apergy Corporation (“Apergy”) (NYSE: APY) today announced its shareholders voted at the Special Meeting of Shareholders to approve the issuance of shares of Apergy common stock in connection with the pending combination of the ChampionX business with Apergy through a merger of Athena Merger Sub, Inc.,…

Apergy Corporation has posted a presentation regarding its planned merger with ChampionX to its website to coincide with a meeting for equity research analysts on the combined company. The presentation is available by clicking here.

Click here for First Quarter 2020 results

On Earth Day 2020, Apergy salutes the remote community of Igiugig, Alaska, where sustainable, locally generated energy provides baseload power for their off grid village. Igiugig has partnered with ORPC to harness energy from the free flowing Kvichak River using ORPC’s RivGen® Power System to offset their diesel consumption.   Bearings from our US Synthetic…

Apergy has always been committed to supporting “technology with impact” to solve our industry’s greatest challenges. That same thinking is behind our recent donations of re-purposed laptops from several locations nationwide to meet the pressing needs of students who may lack this critical tool as they adapt to online learning due to COVID-19 related shelter…

“The health and safety of our employees, and their families, continues to be our top priority. We are taking steps across Apergy to prevent the spread of COVID-19, including working remotely where possible, urging elevated hygiene practices, imposing travel restrictions, following social distancing guidelines and more, while ensuring we remain equipped to meet the needs…

03/30/2020 THE WOODLANDS, Texas, March 30, 2020 (GLOBE NEWSWIRE) — Apergy Corporation (“Apergy”) (NYSE: APY) announced today that Soma Somasundaram, President and Chief Executive Officer, will host a business update call facilitated by David Anderson of Barclays on Tuesday, March 31, 2020 at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). Deric Bryant, Executive Vice President of Ecolab Inc. and President of ChampionX, will join as…

03/23/2020 Implementing immediate downturn contingency plans expected to result in approximately $65 million of annual cost savings to preserve margins and cash flow Capital expenditures in 2020 to be reduced by approximately 65% from 2019 Available liquidity of over $270 million Continuing to monitor market developments and prepared to take additional actions as necessary   THE WOODLANDS, Texas, March…

On December 19, 2019, Apergy and ChampionX announced that they would merge in an all stock Reverse Morris Trust transaction to create a more robust, global company focused on production optimization solutions. Read the recently published FAQ.