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.

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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.

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ATLANTA, April 06, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS), a leading global engineering design and manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets, today announced the furthering of its partnerships with McPhy Energy, SA (“McPhy”), a leading electrolyzer technology and manufacturing company, and Larsen & Toubro (“L&T”), an Indian multinational engaged in EPC Projects and Hi-Tech Manufacturing and Services. L&T recently announced their partnership with McPhy for opportunities unfolding in the green hydrogen market where McPhy has granted an exclusive license of its pressurized alkaline electrolyzer technology to L&T for manufacturing of electrolyzers, including future product upgrades. L&T plans to set up a Gigawatt-scale manufacturing facility for electrolyzers based on McPhy technology compatible with U.S. and other market requirements.

Chart Industries Expands Strategic Partnership with McPhy and Larsen & Toubro for Hydrogen-Related Equipment

ATLANTA, April 04, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc . (NYSE: GTLS), a leading global engineering design and manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets, released its 2022 ESG Performance Report, which is contained as a supplement to this release. As part of the report, we highlight our carbon reduction efforts as well as how we support our customers to achieve their net carbon zero emissions targets.

Chart Industries Releases Sustainability Report and ESG Metrics

ATLANTA and PHOENIX, March 30, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS), a leading global engineering design and manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets, and Nikola Corporation (NASDAQ: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, executed a strategic collaboration agreement including liquid hydrogen storage tanks, transport trailers, and the development of new mobile and modular hydrogen refueling stations for quick deployment. This agreement includes additional collaboration on the advancement of hydrogen technology for infrastructure and truck on-board fuel systems.

CHART INDUSTRIES AND NIKOLA EXECUTE STRATEGIC PARTNERSHIP FOR HYDROGEN-RELATED EQUIPMENT

Chart completed its $4.4 billion acquisition of Howden. Management provided upwardly revised revenue, earnings, and free cash flow guidance following the acquisition.

Why Shares of Chart Industries Are Rising This Week

Chart Industries, Inc. is a well-positioned player for the energy transition. The company announced a huge deal in November, raising real eyebrows amidst a lot of leverage being taken on.

Chart Industries: Stuck In A Tough Place

ATLANTA, March 17, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a global leader in engineering and manufacturing of process technology and equipment for industrial gas, specialty and energy transition markets, has completed its acquisition of Howden, a leading global provider of mission critical air and gas handling products and services, from affiliates of KPS Capital Partners, LP (“KPS”).

Chart Industries Completes the Acquisition of Howden

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Chart Industries (GTLS) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road.

Chart Industries (GTLS) Soars 9.3%: Is Further Upside Left in the Stock?

ATLANTA, March 14, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global engineering design and manufacturer of highly engineered equipment servicing multiple applications across clean energy is providing ISO tanks to our customer, Bofort NV of Antwerp Belgium, the exclusive provider of ISO containers to Project Greensand consortium member Blue Water Shipping A/S, Denmark.

Chart Industries provides ISO tanks to Blue Water Shipping Through Bofort for Project Greensand, the world's first cross-border offshore CO2 storage project

ATLANTA, March 13, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) has received all regulatory approvals required to close the acquisition of Howden from affiliates of KPS Capital Partners, LP. Subject to the satisfaction of additional customary closing conditions, we expect to close such acquisition in the near term pursuant to the terms of the purchase agreement.

Chart Industries Receives All Regulatory Clearances to Close the Acquisition of Howden

The Howden acquisition will be the largest in company history. The logistics of a large acquisition can be daunting.

Chart Industries: Here Goes Everything

Collaboration will Meet Growing Liquid Hydrogen Demand for Clean Energy Transition TITUSVILLE, Fla. and ATLANTA , March 8, 2023 /PRNewswire/ -- GenH2, an industry leader in hydrogen infrastructure solutions, and Chart Industries (NYSE: GTLS) ("Chart"), a leading global engineering design and manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets, have formed a strategic partnership to jointly market and distribute small-scale hydrogen liquefaction technologies globally.

GenH2 and Chart Industries Execute MoU for Hydrogen Liquefaction Systems

Chart Industries, Inc. (NYSE:GTLS ) Q4 2022 Results Earnings Conference Call February 24, 2023 8:30 AM ET Company Participants Jillian Evanko - President and Chief Executive Officer Joe Brinkman - Vice President and Chief Financial Officer Conference Call Participants Chase Mulvehill - Bank of America Sam Burwell - Jefferies Martin Malloy - Johnson Rice & Company, LLC Eric Stine - Craig-Hallum Capital Group Marc Bianchi - Cowen and Company Pavel Molchanov - Raymond James Craig Shere - Tuohy Brothers Robert Brown - Lake Street Capital Markets, LLC Walter Liptak - Seaport Global Securities Operator Good morning and welcome to the Chart Industries, Inc. 2022 Fourth Quarter and Full-Year Results Conference Call. All lines have been placed on mute to prevent any background noise.

Chart Industries, Inc. (GTLS) Q4 2022 Earnings Call Transcript

Chart Industries (GTLS) delivered earnings and revenue surprises of 1.83% and 11.36%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Chart Industries (GTLS) Q4 Earnings Surpass Estimates

ATLANTA, Feb. 24, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the fourth quarter and full year ended December 31, 2022. All results reported are from continuing operations. Further details can be found in the supplemental presentation accompanying this release and published in the investor relations section of our website.

Chart Industries Reports Record Fourth Quarter and Full Year 2022 Results; Record Backlog Provides Strong Visibility to 2023

Prior to its unexpected $4.4 billion Howden deal, Chart Industries had just posted a record Q3 FY 2022 and offered great FY 2023 EPS and backlog guidance. The market was totally surprised by the Howden deal, and Chart shares reversed course, from an all-time high, and quickly got cut in half.

Revealing One Of My Favorite Buy And Hold Name Of 2023 - Chart Industries

Chart Industries, Inc. has a unique approach to capture CO2 from point sources. The technology has the potential to be highly profitable with the Inflation Reduction Act tax credits.

Chart Industries: Unproven Carbon Capture Has Huge Upside Potential

Chart management made a financing error that dropped the stock price. The business of the company still appears unaffected.

Chart Industries: Big Difference

Investors need to pay close attention to Chart Industries (GTLS) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Chart Industries (GTLS) Stock?

ATLANTA, Jan. 06, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a global leader in design, engineering, and manufacturing of process technology and equipment for clean energy, industrial gas, and diversified specialty markets, has scheduled a conference call for Friday, February 24, 2023 at 8:30 a.m. ET to discuss its fourth quarter and full year 2022 financial results. Chart plans to issue its fourth quarter and full year 2022 earnings release prior to market open on February 24th.

Chart Industries Schedules Fourth Quarter and Full Year 2022 Earnings Release and Conference Call

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ATLANTA, Jan. 03, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc., a global leader in design, engineering, and manufacturing of process technology and equipment for clean energy, industrial gas, and diversified specialty markets, will present at the Goldman Sachs Global Energy and Clean Technology Conference in Miami, Florida. President and Chief Executive Officer, Jill Evanko, will participate on Friday, January 6, 2023, at 12:40 p.m. ET.

Chart Industries to Present at the Goldman Sachs Global Energy and Clean Technology Conference

No one doubts that Chart Industries, Inc.'s acquisition of Howden is a good idea. However, everyone doubts the financing proposal of this acquisition.

Chart Industries: Missing The Point

Memorandum of Understanding initiates collaboration on cryogenic carbon capture, hydrogen liquefaction, and storage of carbon dioxide and hydrogen Collaboration includes Chart providing Raven SR with engineering packages and equipment to enhance Raven SR's flexibility in supplying hydrogen as well as CO2 as a product Chart provides Raven SR a supply chain solution for converting captured biocarbon from Raven's proprietary waste-to-fuels process into a liquefied product, averting emissions PINEDALE, Wyo. and ATLANTA , Dec. 22, 2022 /PRNewswire/ -- Raven SR Inc. (Raven SR), a renewable fuels company, and Chart Industries, Inc. (NYSE: GTLS) today announced their agreement to collaborate globally on the liquefaction, storage, and transportation of hydrogen as well as pure carbon dioxide produced from Raven SR's non-combustion Steam/CO2 Reformation process of converting waste to renewable fuel.

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