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, July 26, 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, has been recognized for its Sustainable Energy Solutions Cryogenic Carbon Capture™ (“CCC”) by researchers in a study in the journal of Applied Energy as was co-authored by researchers at the MIT Joint Program on the Science and Policy of Global Change, MIT Energy Initiative, and ExxonMobil. This research analyzed the competitiveness of several types of carbon capture and storage (“CCS”) technologies in a global economic model with specific emphasis on ways to reduce GHG emissions from the manufacture of cement, which accounts for approximately 7% of annual CO2 emissions. Coal-fired post combustion capture (“PCC”), natural gas-fired PCC, and CCC were each separately evaluated in EPPA with their specific costs and inputs. CCC was determined to be the most competitive CCS technology. In the analysis, it was determined that the cost to produce cement and capture CO2 using our CCC technology is 24% higher than producing cement with no CO2 capture (not accounting for any value for the CO2 being captured). This is compared to other capture technologies that range from a 38% increase to a 134% increase in the cost of producing cement and capturing CO2 vs producing cement with no CO2 capture.

Chart Industries, Inc. SES Cryogenic Carbon Capture™ Technology Recognized by researchers at the MIT Joint Program on the Science and Policy of Global Change, MIT Energy Initiative, and ExxonMobil

Chart Industries, Inc. (GTLS) CEO Jill Evanko on Q2 2021 Results - Earnings Call Transcript

Chart Industries (GTLS) delivered earnings and revenue surprises of -2.56% and 0.38%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Chart Industries (GTLS) Q2 Earnings Miss Estimates

Shares of Chart Industries (NYSE:GTLS) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 26.98% year over year to $0.80, which beat the estimate of $0.79.

Chart Industries: Q2 Earnings Insights

ATLANTA, July 22, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the second quarter ended June 30, 2021. Further details can be found in the supplemental presentation included with this release.   All figures in this release and supplemental presentation represent our continuing operations in our external reportable segments of Cryogenic Tank Solutions (“CTS”), Heat Transfer Systems (“HTS”), Specialty Products (“Specialty”) and Repair, Service & Leasing (“RSL”). Highlights include:

Chart Industries Reports 2021 Second Quarter Results

Over the past few years, there has been a clamor among some shareholders and investors for industrial and oil companies to establish goals for reaching “zero-carbon” levels by certain specified dates. Environmental, Social and Governance (ESG) investing has grown rapidly over the past few years and many fund managers are encouraging companies whose shares they hold to take a more aggressive stance to meet either zero-carbon emissions or transition to renewable energy sources.

Chart Industries Provides a Timely Alternative Energy Play

ROCHESTER, N.Y. and ATLANTA, July 6, 2021 /PRNewswire/ -- Hyzon Motors Inc. and Chart Industries Inc. (NYSE: GTLS) are teaming up to revolutionize long-haul trucking – thanks to liquid hydrogen.

Hyzon Motors, Chart Industries to develop liquid hydrogen fuel cell-powered truck, targeting 1,000-mile range

Chart Industries' (GTLS) acquisition of L.A. Turbine will likely enable the company to win liquefaction projects and strengthen its position in the liquefaction market.

Chart Industries (GTLS) Completes Buyout of L.A. Turbine

ATLANTA, July 01, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS) today announced the acquisition of L.A. Turbine (“LAT” or “L.A. Turbine”) for $80 million in cash (subject to certain customary adjustments).   L.A. Turbine is a global leader in turboexpander design, engineering, manufacturing, assembly and testing process for new and aftermarket equipment, with significant in-house engineering expertise.

Chart Industries Acquires L.A. Turbine

ATLANTA, June 25, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) has scheduled a conference call for Thursday, July 22, 2021, at 9:30 a.m. ET to discuss its second quarter 2021 financial results.   Chart plans to issue its second quarter 2021 earnings release prior to market open on July 22nd.

Chart Industries Schedules Second Quarter 2021 Earnings Release and Conference Call

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As the global energy sector transitions from fossil fuels to clean energy in the next several decades, the companies servicing the oil and gas industry are also looking to transition their businesses from servicing oilfields to servicing clean energy operations. On Monday, Bank of America analyst Chase Mulvehill took a look at hydrogen production and which oil services stocks have the highest exposure to the zero-emission energy source.

3 Oil Services Stocks With The Most Exposure To Hydrogen Production

ATLANTA and LYSAKER, Norway, June 14, 2021 (GLOBE NEWSWIRE) -- TECO 2030 ASA (OSE: TECO) has signed a Memorandum of Understanding with Chart Industries, Inc. (“Chart”) (NYSE: GTLS) to jointly develop technological solutions that will capture carbon dioxide (CO2) emitted by ships and subsequently store it in liquid form.

TECO 2030 to cooperate with Chart Industries on developing marine carbon capture and storage solutions

ATLANTA, June 14, 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, has booked an order for a helium liquefaction large scale Helium plant for one of the largest independent oil and gas producers in Russia. The scope of our supply for the helium plant includes equipment supply for the plant, commissioning and start-up. Keeping with our strategy, we do not have construction responsibility for the project. This project reflects the combination of Cryo Technologies (which Chart acquired in February 2021) and Chart capabilities, bringing the best of both of our liquefaction engineering expertise together and Chart's capabilities in precooling, brazed aluminum heat exchangers and cold box fabrication.

Chart Industries, Inc. Books Order for Helium Liquefaction

ATLANTA, June 04, 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 announced the completion of a minority investment in Earthly Labs, Inc. (“Earthly Labs”) for the amount of $5 million and a commercial Memorandum of Understanding (“MOU”). 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.   Chart's investment will be used by Earthly Labs to accelerate its innovation to capture as much as 20 times the CO2 from large craft breweries, meet the CO2 conversion needs of wineries, distilleries, and cannabis, and accelerate offerings immediately in the Canadian market.  With more small-scale CO2 capture customers tracking their daily performance than ever before, Earthly Labs will invest in its IOT software platform to enable customers to easily monitor, report, share, and accelerate their decarbonization efforts with their own customers and stakeholders.

Chart Industries Invests in and Signs Commercial Memorandum of Understanding with Small-Scale Carbon Capture Company, Earthly Labs

The fiscal year began with very good news. The stock price fully reflects recent success and high expectations for the future.

Chart Industries: First Out Of The Gate

Chart Industries' (GTLS) partnership with Cryomotive will help it expand its hydrogen addressable market by $100 million in the next five years.

Chart Industries (GTLS) Enters Into Partnership With Cryomotive

ATLANTA, May 19, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart” or the “Company”) (NYSE: GTLS), a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, including hydrogen, today announced the completion of a minority investment in Cryomotive GmbH (“Cryomotive”) for the amount of Euro 6.5 million and offers an in-kind contribution to develop Cryomotive's cryogenic storage and refueling technology.

Chart Industries Invests in and Signs Commercial Agreement with Cryogenic Hydrogen Storage and Refueling Solutions Company, Cryomotive

April showers couldn't dampen shareholders' spirits after the company reported strong first quarter earnings.

Why Shares of Chart Industries Climbed 13% in April

ATLANTA and HOUSTON, May 07, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries today signed a Development and Commercial Memorandum of Understanding (“MOU”) with ABB, Inc. (“ABB”) (NYSE: ABB), a leading global technology company providing control system and electrical equipment to support Chart's modular offerings for liquefied natural gas, hydrogen, biogas, water treatment and CO2 Capture projects.

Chart Industries and ABB Execute Commercial and Development Agreement For Standardizing Control Packages and Instrumentation in Chart's Modular Offerings

Chart Industries (GTLS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

Chart Industries (GTLS) Moves 8.7% Higher: Will This Strength Last?

Chart Industries' (GTLS) CEO Jillian Evanko on Q1 2021 Results - Earnings Call Transcript

Here's why investors should be optimistic for Chart's 2021.

Chart Industries Stock Pops 10% on Strong Q1 Earnings

Chart Industries (GTLS) delivered earnings and revenue surprises of 8.82% and -5.82%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

Chart Industries (GTLS) Tops Q1 Earnings Estimates

Shares of Chart Industries (NYSE:GTLS) fell 0.6% in pre-market trading after the company reported Q1 results. Quarterly Results Earnings per share increased 29.82% over the past year to $0.74, which beat the estimate of $0.69.

Chart Industries: Q1 Earnings Insights

ATLANTA, April 22, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the first quarter ended March 31, 2021. Further details can be found in the supplemental presentation included with this release.   All figures in this release and supplemental presentation represent our continuing operations in our external reportable segments of Cryogenic Tank Solutions (“CTS”), Heat Transfer Systems (“HTS”), Specialty Products (“Specialty”) and Repair, Service & Leasing (“RSL”). Highlights include:

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