Chart Industries

Chart Industries, Inc. engages in the manufacturing of engineered equipment for the industrial gas, energy, and biomedical industries. It operates through the following business segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing, and Corporate. The Cryo Tank Solutions segment supplies bulk, microbulk, and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases. The Heat Transfer Systems segment supplies mission engineered equipment and systems used in the separation, liquefaction, and purification of hydrocarbon and industrial gases. The Specialty Products segment supplies products used in specialty market applications including hydrogen, HLNG vehicle tanks, food and beverage, space exploration, lasers, cannabis, and water treatment. The Repair, Service, and leasing segment includes repair and service centers globally, which provides installation, service, repair, maintenance, and refurbishment of cryogenic products, as well as global equipment leasing solutions. The Corporate segment includes operating expenses for executive management, accounting, tax, treasury, corporate development, human resources, information technology, investor relations, legal, internal audit, and risk management. The company was founded in 1992 and is headquartered in Ball Ground, GA.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Chart Industries posts record results, eyes Howden acquisition synergies

Chart Industries reported strong financial performance in Q4 2022, with record results and a positive outlook for 2023, driven by market demand and strategic acquisitions.
The pending Howden acquisition is expected to bring significant synergies and market opportunities, enhancing Chart's competitive position and financial performance.
While the company faces challenges in addressing price increases and competition in the LNG market, it remains focused on leveraging strengths and growth opportunities.
Overall, Chart Industries is well-positioned to capitalize on market trends, innovation, and operational efficiencies to drive continued growth and profitability.

Chart Industries (GTLS) reports record Q1 sales and optimistic 2023 outlook

Chart Industries (GTLS) posts strong Q1 2023 results with record sales and margin improvements post-Howden acquisition. Outlook for 2023 is optimistic, focusing on maintaining growth momentum and achieving set targets. Market acceptance of innovative technologies and commercial synergies drive confidence in future performance.

Chart Industries surpasses Q2 expectations, eyes early debt reduction

Chart Industries excelled in Q2 2023, achieving record results and making progress on strategic initiatives. Strong focus on synergies, divestitures, and margin growth driving performance. Challenges include maintaining margins, securing contracts with new technology, and navigating regulatory uncertainties. Opportunities lie in revenue catch-up, hydrogen market developments, and bullish LNG outlook.

Chart Industries Inc. reports record Q3 performance and eyes LNG opportunities

Chart Industries Inc. delivered strong financial performance in Q3 2023, with record sales, backlog, and commercial synergies exceeding expectations.
The company is poised for revenue growth above $1 billion, with a focus on margin improvement, global opportunities, and strategic investments.
Challenges include managing input costs, project delivery schedules, and sustaining synergies amidst market uncertainties and industry dynamics.
Opportunities lie in new LNG qualifications, continued synergy prospects, high-velocity hub projects, and expanding into emerging markets like hydrogen.

Chart Industries (GTLS) achieves record Q4 results, eyes growth opportunities

Chart Industries delivered exceptional Q4 2023 results with record sales and strong operational margins, driven by successful integration of Howden. Despite project delays and permitting uncertainties, the company remains optimistic about growth opportunities in various end markets and continues to focus on financial goals.

Chart Industries reports record Q1 performance and eyes market expansion

Chart Industries' Q1 2024 performance was robust, with strong sales growth and margin performance.
While facing challenges like declining orders in certain segments and negative free cash flow, the company remains focused on cost management and optimization.
Opportunities lie in increasing project sizes, collaborations in carbon capture, and growth in LNG infrastructure, positioning Chart Industries for future success.
With a record backlog and a focus on medium-term targets, Chart Industries is poised for continued growth and margin improvement.

Chart Industries (GTLS) achieves record sales and margins in Q2 2024

Chart Industries (GTLS) delivered outstanding Q2 2024 results with record sales and profitability metrics. The company's focus on cost synergies, strong margins, and diverse commercial wins underscore its resilience and growth potential. Despite some challenges in guidance updates, Chart Industries is well-positioned to capitalize on opportunities in various sectors.

Chart Industries excels in Q3, eyes growth in sustainable sectors

Chart Industries' Q3 2024 performance reflects strong financial results, driven by increased orders, sales, and improved margins.
The company's strategic focus on cash culture, balance sheet optimization, and diversified revenue streams positions it for sustainable growth.
While managing net debt remains a challenge, Chart Industries has opportunities for growth in key segments and future revenue expansion.
Overall, Chart Industries shows resilience and potential for continued success in navigating market dynamics and driving shareholder value.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

ATLANTA, Nov. 14, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global engineering design firm and manufacturer of highly engineered equipment servicing multiple applications in clean energy and industrial gas markets, received Korean Gas Safety (KGS) certification and approval of our liquid hydrogen (LH2) bulk transport trailers built in Theodore, Alabama for the Korean market, making us the first and only supplier with a LH2 trailer design currently approved to serve the growing Korean market. Chart worked closely with KGS to ensure that their stringent safety requirements would be met or exceeded with our offering.

Chart Industries is First to Market with Approved Liquid Hydrogen Trailers in Korea

LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”), a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Chart Industries, Inc. (“Chart” or the “Company”) (NYSE: GTLS) on investors concerning the Company's possible violations of the federal securities laws. If you suffered a loss on your Chart investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities l.

Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm, Announces Investigation of Chart Industries, Inc. (GTLS) on Behalf of Investors

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces an investigation on behalf of Chart Industries, Inc. (“Chart” or the “Company”) (NYSE: GTLS) on investors concerning the Company's possible violations of federal securities laws. On October 27, 2023, Chart released its third quarter 2023 financial results, reporting EPS of $1.28, missing estimates by $0.23, and revenue of $897.9M, missing estimates by $132.1M. Additionally, the Company reduced is full year 2023 guidance fr.

INVESTOR ALERT: Law Offices of Howard G. Smith Announces Investigation of Chart Industries, Inc. (GTLS) on Behalf of Investors

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz announces an investigation of Chart Industries, Inc. (“Chart” or the “Company”) (NYSE: GTLS) on behalf of investors concerning the Company's possible violations of federal securities laws. If you are a shareholder who suffered a loss, click here to participate. On October 27, 2023, Chart released its third quarter 2023 financial results, reporting EPS of $1.28, missing estimates by $0.23, and revenue of $897.9M, missing estimates by.

The Law Offices of Frank R. Cruz Announces Investigation of Chart Industries, Inc. (GTLS) on Behalf of Investors

HELPS REDUCE GREENHOUSE GASES AND HEDGE AGAINST CO2 SUPPLY VOLATILITY IN UK HELPS REDUCE GREENHOUSE GASES AND HEDGE AGAINST CO2 SUPPLY VOLATILITY IN UK

HEPWORTH BREWERY BECOMES THE FIRST IN EUROPE TO INSTALL CHART INDUSTRIES' EARTHLY LABS SMALL SCALE CO2 CAPTURE TECHNOLOGY

NEW YORK , Nov. 3, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Chart Industries, Inc. ("Chart" or the "Company") (NYSE: GTLS).   Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Chart Industries, Inc. - GTLS

ATLANTA, Nov. 01, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc., a leading global engineering design firm and manufacturer of highly engineered equipment servicing multiple applications in clean energy and industrial gas markets, will present at the Baird Global Industrial Conference. President and Chief Executive Officer, Jill Evanko, will participate in a fireside discussion on Thursday, November 9th, at 1:35pm eastern time.

Chart Industries to Present at Baird Global Industrial Conference

ATLANTA, Oct. 31, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) announced that it has closed its sale of Cofimco s.r.l. (“Cofimco”) to PX3 Partners, a prominent London-based private equity firm, for an all-cash purchase price of approximately $80 million. Details of the sale were previously announced on July 28, 2023.

Chart Industries Completes Divestiture of Cofimco to PX3 Partners

Chart Industries' stock price experienced a significant drop due to a negative third-quarter comparison, despite the company's explanation of timing impacts and reassurance of future growth. The company's small size and involvement in large projects contribute to quarterly fluctuations, which should not be a cause for concern. Despite the market's reaction, Chart Industries' growth and profits are expected to continue climbing.

Chart Industries: Mr. Market Jumps Out The Window (Symbolically)

Revenue fell short of estimates, partly because of divestitures. Net income turned negative as one-time costs plagued Chart's bottom line.

Why Chart Industries Stock Dropped 25% on Friday

Chart Industries, Inc. (NYSE:GTLS ) Q3 2023 Earnings Conference Call October 27, 2023 8:30 AM ET Company Participants Jill Evanko – President and Chief Executive Officer Joe Brinkman – Chief Financial Officer Conference Call Participants Ben Nolan – Stifel Martin Malloy – Johnson Rice Eric Stine – Craig-Hallum Marc Bianchi – TD Cowen Pavel Molchanov – Raymond James Craig Shere – Tuohy Brothers Ati Modak – Goldman Sachs Rob Brown – Lake Street Capital Sherif Elmaghrabi – BTIG Operator Good morning and welcome to Chart Industries, Inc. 2023 Third Quarter Results Conference Call. All lines have been placed on mute to prevent background noise.

Chart Industries, Inc. (GTLS) Q3 2023 Earnings Call Transcript

The headline numbers for Chart Industries (GTLS) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Chart Industries (GTLS) Q3 Earnings: A Look at Key Metrics

Chart Industries (GTLS) came out with quarterly earnings of $1.28 per share, missing the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.32 per share a year ago.

Chart Industries (GTLS) Q3 Earnings and Revenues Miss Estimates

ATLANTA, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported strong results for the third quarter ended September 30, 2023.  Results shown are from continuing operations unless otherwise noted and exclude the Roots™ financial results for our ownership period of March 17, 2023 through the close of the divestiture on August 18, 2023.  When referring to any 2022 comparative period, all metrics are proforma for the combined business of Chart and Howden.

Chart Industries Reports Record 2023 Third Quarter Financial Results and Completes Divestiture of American Fan for $111 million

ATLANTA, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) announced that it simultaneously signed and closed on the divestiture of its American Fan business to Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, for an all-cash purchase price of $111 million yesterday. The purchase price represents multiples in line with prior Chart transactions. American Fan designs, manufactures, and services high-performance axial and centrifugal fans for enduring U.S. Navy, Military Sealift Command, and U.S. Coast Guard platforms and specialty industrial applications. Cash proceeds have been used for debt paydown. The business operates in a dedicated facility in Fairfield, Ohio, which was included in the transaction. All employees of American Fan will be offered the opportunity to continue employment with FMD.

Chart Industries Divests American Fan to Fairbanks Morse Defense

Baker Hughes Co

Golar LNG

Cheniere Energy

NextDecade

New Fortress Energy

VettaFi recently sat down with Ben Nolan, managing director at Stifel, to discuss the outlook for the global LNG market, third-quarter earnings, and overlooked investment opportunities in the space. VettaFi: What's your long-term outlook for the global LNG market?

Stifel Analyst on the LNG Market and Overlooked Investment Opportunities

The Biden Administration just announced a near-$50 billion public-private partnership for hydrogen hubs around the U.S. The public funds come from the Bipartisan Infrastructure Law of 2021. One "picks and shovels" supplier of H2 infrastructure stands to benefit handsomely.

A $50 Billion Investment in Hydrogen Is Coming, and This Company Could Be the Biggest Winner

Chart Industries (GTLS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

What Makes Chart Industries (GTLS) a New Strong Buy Stock

REV Group

Ross Stores

Stocks like Ross Stores (ROST), Chart Industries (GTLS) and REV Group (REVG) have been selected as the momentum picks for the day using the Driehaus strategy.

Buy 3 Momentum Stocks Banking on the Driehaus Strategy

Chart Industries (GTLS) possesses solid growth attributes, which could help it handily outperform the market.

Here is Why Growth Investors Should Buy Chart Industries (GTLS) Now

Caterpillar

Lakeland Industries

Xerox

Lakeland Industries, Inc. (LAKE), Chart Industries, Inc. (GTLS), Caterpillar Inc. (CAT) and Xerox Holdings Corporation (XRX) are benefiting from the expansion in manufacturing activity.

4 Stocks to Buy as Manufacturing Activity Makes Steady Recovery

Bar Harbor Bankshares

Super Micro Computer

The Russell 2000 Index has long been known as the best way to track the small to mid-cap investing universe. The index measures the performance of about 2,000 of the smallest publicly traded companies in the United States.

3 Stocks That Could Beat the Russell 2000

ATLANTA, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global engineering design and manufacturer of highly engineered equipment servicing multiple applications in clean energy and industrial gas markets, has scheduled a conference call for Friday, October 27, 2023 at 8:30 a.m. ET to discuss its third quarter 2023 financial results. Chart plans to issue its third quarter 2023 earnings release prior to market open on October 27th.

Chart Industries Schedules Third Quarter 2023 Earnings Release and Conference Call

Plug Power

Bloom Energy

Ballard Power Systems

HSBC analysts initiated coverage of hydrogen technology stocks Plug Power, Bloom Energy, and Chart industries at Buy.

Plug Power, 2 Other Stocks Are Winners in U.S. Hydrogen, Says Analyst

ATLANTA, Sept. 15, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc., a leading global engineering design firm and manufacturer of highly engineered equipment servicing multiple applications in clean energy and industrial gas markets, will present at CL King's Annual Best Ideas Conference 2023. President and Chief Executive Officer, Jill Evanko, will participate in a fireside discussion on Monday, September 18th, at 12:30pm eastern time.

News for Chart Industries Stock (GTLS)