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, March 29, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) has received an order for the production of six brazed aluminum heat exchanger assemblies (“BAHX”) and cold boxes for Venture Global's 10 MTPA Plaquemines Phase 2 liquefied natural gas (LNG) export terminal project.

Chart Industries, Inc. Receives Initial Brazed Aluminum Heat Exchangers and Cold Boxes Order for Venture Global's Plaquemines Phase 2 LNG Export Terminal Project

Becton, Dickinson and Co.

Barnes & Noble Education

NEW YORK , March 25, 2022 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400 and S&P SmallCap 600: S&P SmallCap 600 constituent Chart Industries Inc. (NYSE: GTLS) will replace CyrusOne Inc. (NASD: CONE) in the S&P MidCap 400, and Sonos Inc. (NASD: SONO) will replace Chart Industries in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, March 30. Global Infrastructure Partners acquired CyrusOne in a deal that closed today.

Chart Industries Set to Join S&P MidCap 400; Sonos & Embecta to Join S&P SmallCap 600

Chart Industries (GTLS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Chart Industries (GTLS) Moves 10.1% Higher: Will This Strength Last?

ATLANTA, March 07, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) has received additional limited notice to proceed (“LNTP”) for their IPMSR® process and equipment activities to be used in Cheniere's Corpus Christi Stage Three liquefied natural gas (LNG) export terminal project.

Chart Industries, Inc. Receives Additional Limited Notice to Proceed for Cheniere's Corpus Christi Stage Three LNG Export Terminal Project

ATLANTA, March 01, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) has received full notice to proceed (“FNTP”) for the production of cold boxes and brazed aluminum heat exchangers for Venture Global's 10 MTPA Plaquemines Phase 1 liquefied natural gas (LNG) export terminal project.

Chart Industries, Inc. Receives Full Notice to Proceed for Venture Global's Plaquemines Phase 1 LNG Export Terminal Project

A strong end to 2021 is paving the way for an even stronger 2022.

Why Shares of Chart Industries Are Soaring Today

Chart Industries' (GTLS) CEO Jill Evanko on Q4 2021 Results - Earnings Call Transcript

Chart Industries (GTLS) delivered earnings and revenue surprises of 8.96% and 1.03%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

Chart Industries (GTLS) Q4 Earnings and Revenues Beat Estimates

ATLANTA, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the fourth quarter and full year ended December 31, 2021 as well as reiterating our 2022 outlook. Further details can be found in the supplemental presentation published in the investor relations section of our website.

Chart Industries Reports 2021 Fourth Quarter and Full Year Results

Chart Industries (GTLS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Chart Industries (GTLS) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release

Deere & Company

Middleby

Let us take a look at factors that will aid machinery stocks like Deere (DE), Middleby (MIDD) and Chart Industries (GTLS) beat earnings estimates for the October-December quarter.

3 Machinery Stocks Set to Beat Earnings Estimates in Q4

Ballard Power Systems

VANCOUVER, BC and ATLANTA, Feb. 1, 2022 /PRNewswire/ - Leveraging more than 90 years of combined hydrogen experience and collaborating under the heavy-duty hydrogen fuel system joint development MOU announced February 10, 2021, Ballard Power Systems ("Ballard") (NASDAQ: BLDP) (TSX: BLDP) and Chart Industries, Inc. ("Chart") (NYSE: GTLS) have successfully tested a fuel cell powered by liquid hydrogen. For the test, a Ballard FCmove™-HD fuel cell was paired with a Chart liquid onboard hydrogen ("HLH2") vehicle fuel system (functionally identical to the one displayed at ACT Expo on September 1, 2021); this testing was conducted at Chart's hydrogen test facility in Minnesota, USA.

Ballard and Chart Successfully Test a Fuel Cell Powered by Liquid Hydrogen

ATLANTA and VANCOUVER, British Columbia, Feb. 01, 2022 (GLOBE NEWSWIRE) -- Leveraging more than 90 years of combined hydrogen experience and collaborating under the heavy-duty hydrogen fuel system joint development MOU announced February 10, 2021, Chart Industries, Inc. (“Chart”) (NYSE: GTLS) and Ballard Power Systems (“Ballard”) (NASDAQ: BLDP; TSX: BLDP) have successfully tested a fuel cell powered by liquid hydrogen. For the test, a Ballard FCmove™ -HD fuel cell was paired with a Chart liquid onboard hydrogen (“HLH2”) vehicle fuel system (functionally identical to the one displayed at ACT Expo on September 1, 2021); this testing was conducted at Chart's hydrogen test facility in Minnesota, USA.

Chart and Ballard Successfully Test a Fuel Cell Powered by Liquid Hydrogen

Tellurian

2021 was a year of extreme weather events that appear to be part of our climate changing future. It was also a year of energy shortages worldwide and that is worsening.

T'Winners For 2022: Tellurian And Chart Industries

ATLANTA, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries, will host an Investor Day at the New York Stock Exchange on Thursday, May 5, 2022.

Chart Industries to Host 2022 Investor Day at the NYSE

ATLANTA, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) has scheduled a conference call for Thursday, February 24, 2022, at 9:30 a.m. ET to discuss its fourth quarter and full year 2021 financial results.   Chart plans to issue its fourth quarter and full year 2021 earnings release prior to market open on February 24th.

Chart Industries Schedules Fourth Quarter and Full Year 2021 Earnings Release and Conference Call

Chart Industries, Inc. (NYSE: GTLS) has secured over $120 million of orders for four liquefaction projects with four different customers over the past week. The company also received releases on engineering work on two big LNG export terminal projects expected to proceed to the Final Investment Decision in 2022.

Chart Industries Bags Over $120M Of Orders For Four Liquefaction Projects

ATLANTA, Dec. 29, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries, was awarded over $120 million of orders for four liquefaction projects, with four different customers over the past week. Additionally, this past week we have received releases on engineering work (Limited Notice to Proceed) on two of the big LNG export terminal projects expected to proceed to Final Investment Decision in 2022. Highlights of the four liquefaction project awards include:

Chart Industries Awarded Four Hydrogen and Small-Scale LNG Liquefaction Orders Totaling Over $120 Million This Past Week

Chart Industries, Inc. (NYSE: GTLS) completed the acquisition of Earthly Labs, Inc. The purchase price was $62 million for the 85% stake in Earthly Labs that Chart did not already own. The company paid the purchase price ~62% in cash and 38% in stock valued by using a 5-day volume-weighted average price per share of $169.42.

Chart Industries Acquires Remaining 85% Stake In Earthly Labs For $62M

ATLANTA, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS), a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, including carbon capture, today completed the acquisition of Earthly Labs, Inc. (“Earthly Labs”). The purchase price for the 85% of Earthly Labs that Chart did not already own was $62 million (subject to customary adjustments), of which approximately 62% is being paid in cash and 38% is being paid in shares of common stock of Chart, par value $0.01 (to certain sellers of Earthly Labs who are accredited investors). Such shares of common stock of Chart are valued for this purpose by using a 5-day volume-weighted average price per share of $169.42. Earthly Labs is the leading provider of small-scale carbon capture systems offering an affordable, small footprint technology platform called “CiCi ®” to capture, recycle, reuse, track and sell CO2. Earthly Labs proprietary approach includes hardware, software and services to address half of all existing carbon dioxide emissions from industrial sources while converting molecules to value. Earthly Labs' market-driven solution is unique in the carbon capture space, offering quick installation, fast payback, and a cloud-based software solution enabling real-time CO2 capture insights and ongoing value. Since inception, Earthly Labs has included Chart cryogenic CO2 storage tanks, vaporizers, and regulators as a standard part of its offering to customers.

Chart Industries Acquires Earthly Labs

ATLANTA, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart” or the “Company”) (NYSE: GTLS) and Howden have signed a Memorandum of Understanding (MOU) as they move forward in collaboration for advanced hydrogen solutions, incorporating Howden gas compression systems into Chart hydrogen offerings.

Howden and Chart Industries collaborate on delivering advanced hydrogen solutions

Benchmark analyst Douglas Becker initiated Chart Industries, Inc. (NYSE:GTLS) with a Buy rating and a price target of $206, implying an upside of 18.2%. Becker says Chart is at the "nexus of clean" given its exposure to LNG, hydrogen, carbon capture, and water solutions.

Benchmark Bullish On Chart Industries, Sees Sharp Upside

Chart Industries, Inc. (NYSE: GTLS) and Hylium Industries, Inc., a liquid hydrogen technology company, signed a Memorandum of Understanding to establish a joint venture and associated supply agreement to design and produce liquid hydrogen trailers for the Republic of Korea. Hylium also placed a purchase order for three liquid hydrogen trailers.

Chart Industries Partners With Korea's Hylium For Liquid Hydrogen Trailers

ATLANTA and REPUBLIC OF KOREA, Dec. 02, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries and Hylium Industries, Inc. (“Hylium”), a leading liquid hydrogen technology company in the Republic of Korea, have signed a Memorandum of Understanding (“MOU”) to establish a joint venture and associated supply agreement to design and produce liquid hydrogen trailers for the Republic of Korea. Included in the execution of the MOU, Hylium placed a purchase order for three liquid hydrogen trailers. Through the agreement, the trailers will be designed and produced for sale in the Republic of Korea through Hylium including obtaining and maintaining all applicable government certifications, approvals, and registrations required.

Chart Industries and Hylium Industries Sign Memorandum of Understanding for Supply of Liquid Hydrogen Trailers in the Republic of Korea

Chart Industries has seen a solid recovery in 2021, as investors aggressively price in better operating conditions for the firm.

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