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, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: GTLS) today announced their participation in a U.S. Department of Energy project, Demonstration and Framework for H2@Scale in Texas and Beyond. The project is supported by DOE's Hydrogen and Fuel Cell Technologies Office within the Office of Energy Efficiency and Renewable Energy. H2@Scale in Texas and Beyond intends to show that renewable hydrogen can be a cost-effective fuel for multiple end-use applications, including fuel cell electric vehicles, when coupled with large, baseload consumers that use hydrogen for clean, reliable stationary power. Chart is partnering with Frontier Energy, GTI, University of Texas at Austin, OneH2, Texas Gas Service, SoCalGas, Toyota Motor North America, Shell, Mitsubishi Heavy Industries, and Air Liquide to conduct two related projects: (1) UT-Austin will host a first-of-its-kind integration of commercial hydrogen production, distribution, storage, and use. The project partners will generate zero-carbon hydrogen onsite via electrolysis with solar and wind power and reformation of renewable natural gas from a Texas landfill. It is the first time that both sources of renewable hydrogen will be used in the same project. The hydrogen will power a stationary fuel cell to provide clean, reliable power for the Texas Advanced Computing Center and supply a hydrogen station with zero-emission fuel to fill a fleet of Toyota Mirai fuel cell electric vehicles and (2) At the Port of Houston, the project team will conduct a feasibility study for scaling up hydrogen production and use. The team will assess available resources, prospective hydrogen users, and delivery infrastructure, such as existing pipelines that supply hydrogen to refineries.   Chart is excited to have the opportunity to participate in H2@Scale in Texas with these leading companies and experts on this important zero carbon initiative, and ensuring the renewable hydrogen supply chain is a viable and economic solution for reducing greenhouse gases in and around the Port of Houston and beyond.

Chart Industries To Participate in U.S. Department of Energy H2@Scale Project

Worthington Industries

Chart Industries' (GTLS) buyout of Worthington's cryogenic trailer and hydrogen trailer business will help solidify its existing business related to hydrogen and cryogenics.

Chart Industries Acquires Worthington's Trailer Business

ATLANTA, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: 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 of its firm undertaking to subscribe to the share capital increase initiated today by McPhy (Euronext Paris: MCPHY – ISIN: FR0011742329) for an amount of 30 million euros, which will result in approximately c. 4.3% of the capital of McPhy, post completion of an anticipated 150 million euros capital offering (expected close tomorrow, October 14, 2020). McPhy specializes in zero-carbon hydrogen production and distribution equipment.

Chart Industries Signs Strategic Commercial Hydrogen MOU with McPhy

ATLANTA, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: GTLS) today completed the acquisition of the Theodore, Alabama cryogenic trailer and hydrogen trailer (transport) assets of Worthington Industries, Inc. (NYSE: WOR).  This acquisition includes ownership of the Theodore, Alabama manufacturing site, all trailer-related intellectual property, manufacturing capabilities, equipment and repair backlog. The facility has approximately 300,000 square feet under roof adjacent to the Port of Mobile, and the associated employees will join the Chart team.  This acquisition will produce strong synergies by combining Chart’s deep knowledge of cryogenics and liquid hydrogen storage and handling with the Theodore operation’s expertise and experience in the packaging and assembly of liquid hydrogen trailers. The addition of the trailer business to Chart’s hydrogen equipment and solution offering expands our mobile equipment to larger sized transports and brings another location already certified by significant hydrogen customers.   Expected Chart hydrogen-related revenue from this facility in 2021 is $15 to $20 million with upside potential to $30 million in 2021.

Chart Industries Acquires Worthington Industries’ Cryogenic Trailer and Hydrogen Trailer Business

ATLANTA, Oct. 02, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NASDAQ: GTLS) has scheduled a conference call for Thursday, October 22, 2020, at 9:30 a.m. ET to discuss its third quarter 2020 financial results. Chart plans to issue its third quarter 2020 earnings release prior to market open on October 22nd.

Chart Industries Schedules Third Quarter 2020 Earnings Release and Conference Call

Chart Industries is exiting the regulated medical business by selling to Cryoport.

Chart Industries: Healthcare Hints

ATLANTA, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: GTLS) today completed the previously announced divestiture of its cryobiological products business (MVE Biological Products) to Cryoport, Inc. (“Cryoport”) (NASDAQ: CYRX) for $320 million in cash.

Chart Industries Expands Liquid Hydrogen and LNG Business with Strategic Agreements

ATLANTA, Sept.  24, 2020  (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NASDAQ: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and energy industries, is pleased to share recent recognition of our impacts to the clean energy transition and recent investments in high growth markets:

Chart Industries, Inc. Recognized as Global Leader in the Clean Energy Transition

ATLANTA, Sept.  16, 2020  (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NASDAQ: GTLS) is proud to announce that President and CEO Jill Evanko has been named the 2020 ExxonMobil Power Play Award winner in the Rainmaker category.  We’d like to congratulate Jill on this prestigious award that reflects her hard work in accelerating LNG as an option for greener power and her dedication to keeping our innovative culture strong through diversity of views.  “As a board comprised of more than 30% women, we’re proud of Jill’s accomplishment that reflects her efforts to advance diversity while growing Chart’s revenue and earnings,” Chart Board Director Singleton McAllister stated. 

Chart Industries’ CEO Evanko Named ExxonMobil Power Play Award Winner

Chart has continued to execute well despite a lot of end-market turbulence, industrial gas revenue declined modestly, and LNG revenue growth offset weak natural gas processing demand.

Chart Industries Seeing Stable Industrial Trends, With Long-Term LNG Upside

The divestment of Chart Industries' (GTLS) cryobiological products business will likely help it focus on high-growth opportunities in clean energy and debt repayment.

Chart Industries to Divest Cryobiological Product Business

Chart Industries has announced a divestment, although investors might believe the buying side is the winner here.

Chart Industries: A Look After A Bolt-On Sale

ATLANTA, Aug.  25, 2020  (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: GTLS) today announced that it has signed a definitive agreement to divest its cryobiological products business (MVE Biological Products) within the Distribution & Storage Western Hemisphere (“D&S West”) segment to Cryoport, Inc. (“Cryoport”) (NASDAQ: CYRX) for $320 million in cash.  The sale is expected to close early in the fourth quarter 2020, following the satisfaction of customary closing conditions, including regulatory requirements.  Accompanying this release is a supplemental presentation that will be reviewed during a conference call scheduled today at 9:30am eastern time.  Strategic highlights of the sale and other recent events include:

Chart Industries Signs Definitive Agreement to Divest Cryobiological Products Business for $320 Million to Cryoport, Inc.

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Chart Industries is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

Moving Average Crossover Alert: Chart Industries

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Chart Industries: Quant Rating Champion Has Potential

Chart Industries (GTLS) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Chart Industries (GTLS): Time to Buy?

Chart Industries, Inc. (GTLS) CEO Jill Evanko on Q2 2020 Results - Earnings Call Transcript

The LNG production and storage equipment maker delivered improved results during a brutal economic environment in the second quarter.

Why Chart Industries Stock Is Rocketing 13% Higher After Earnings

Chart Industries (GTLS) delivered earnings and revenue surprises of 46.51% and 7.88%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Chart Industries (GTLS) Tops Q2 Earnings and Revenue Estimates

ATLANTA, July  23, 2020  (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NASDAQ: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and energy industries, today reported results for the second quarter ended June 30, 2020.  Further details can be found in the supplemental presentation included with this release.  Highlights include:

Chart Industries Reports 2020 Second Quarter 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.

News for Chart Industries Stock (GTLS)