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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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) Reports Next Week: Wall Street Expects Earnings Growth

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Chart Industries (GTLS) is set to supply key liquefaction equipment to Black & Veatch for the proposed Cedar LNG project.

Chart Industries (GTLS) Secures Liquefaction Equipment Order

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3 Reasons Growth Investors Will Love Chart Industries (GTLS)

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The average of price targets set by Wall Street analysts indicates a potential upside of 25.2% in Chart Industries (GTLS). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts See a 25.23% Upside in Chart Industries (GTLS): Can the Stock Really Move This High?

ATLANTA, April 15, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announced that it has been chosen to supply critical liquefaction equipment, including the natural gas liquefaction cold boxes and brazed aluminum heat exchangers, to the Cedar liquefied natural gas (LNG) project.

Chart Industries to Supply Key Liquefaction Equipment for the Cedar LNG Project

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ATLANTA, April 10, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, has scheduled a conference call for Friday, May 3, 2024 at 8:30 a.m. ET to discuss its first quarter 2024 financial results. Chart plans to issue its first quarter 2024 earnings release prior to market open on May 3rd.

Chart Industries to Announce First Quarter 2024 Results on May 3

ATLANTA, April 09, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announces that Moody's Ratings (Moody's) has changed the outlook on Chart's credit ratings from “Stable” to “Positive”. Moody's affirmed Chart's corporate family rating of “B1”, senior unsecured rating of “B3”, senior secured notes rating of “Ba3” and senior secured bank credit facilities rating of “Ba3”. At the same time, Chart's speculative grade liquidity rating was upgraded to SGL-2 and credit impact score was upgraded to CIS-3.

Chart Industries Credit Rating Outlook Changed to “Positive” at Moody's

ATLANTA, April 08, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announced that it has completed an amendment to its revolving credit facility (“Facility”) that increases the size from $1.0 billion to $1.25 billion. The Facility, previously due to expire in October 2026, now has a maturity date of April 2029.

Chart Industries Announces Amended Revolving Credit Facility

ATLANTA, April 04, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, today released its 2023 Sustainability Report, which can be downloaded here: https://gtls.io/ESG2023 . We are committed to providing our global customers with solutions to help them improve their environmental performance and reduce their carbon footprint while helping them meet their business objectives. In addition, we remain committed to our carbon reduction efforts and reiterate our net-zero goal by 2050. Highlights of our recent environmental, social and governance (ESG) efforts include:

Chart Industries Releases 2023 Sustainability Report

ATLANTA, March 28, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, celebrates the grand opening of its “Teddy 2” facility, named as such because it is Chart's second manufacturing facility in Theodore, Alabama. This plant will manufacture the world's largest shop-built cryogenic tanks up to 1,700 cubic meter cryogenic storage vessels. The tanks manufactured at this site will be used for propellant storage for the aerospace industry, hydrogen and LNG storage for marine and power, gas by rail, and for many other applications in the sciences and decarbonization industries. The Teddy 2 facility has direct access to waterways and railways, providing customers with lower freight costs and faster transportation to site.

Chart Industries Announces the Grand Opening of Its Jumbo Cryogenic Tank Manufacturing Facility in Theodore, Alabama

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Chart Industries' (GTLS) partnership with GasLog will ensure the safe and efficient distribution of liquid hydrogen globally.

Chart Industries (GTLS), GasLog Partner on Hydrogen Distribution

Chart Industries' fourth quarter report surprised Mr. Market, despite management reiterating guidance multiple times. The market fails to understand the visibility of the company's backlog and potential sales, leading to undervaluation. Despite worries dominating the market's attention, Chart Industries' business is really not affected by those worries.

Chart Industries Remains On Course

ATLANTA, March 20, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announced its collaboration with GasLog LNG Services Ltd., a leading provider of liquefied natural gas (LNG) shipping services, to study the development of a commercial scale liquid hydrogen (LH2) supply chain leveraging GasLog's latest developments of a liquid hydrogen vessel and Chart's extensive experience in cryogenics and large-scale liquefaction solutions for the global distribution of LH2.

Chart Industries and GasLog Partner on Large Scale Liquid Hydrogen Deployment

Chart Industries (GTLS) is set to supply hydrogen liquefaction systems, liquid hydrogen storage tanks and trailer loadout bays to Element Resources' California-based LCEC.

Chart Industries (GTLS) Secures Hydrogen Liquefier Order

ATLANTA, March 18, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announces an order from Element Resources Inc (“Element”) for its Lancaster Clean Energy Center (LCEC), a major renewable green hydrogen production facility located in the City of Lancaster, California.

Chart Industries Awarded Order for Hydrogen Liquefier, Liquid Hydrogen Transports and ISO Containers from Element Resources

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ATLANTA, March 11, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, announces that S&P Global Ratings (“S&P”) has upgraded Chart's issuer credit rating to ‘BB-' from ‘B+' with a stable outlook. S&P also raised the issue-level rating on Chart's senior secured term loan and secured notes to ‘BB-' from ‘B+' and the rating on the unsecured noted to ‘B+' from ‘B'. These ratings upgrades were driven by Chart's execution against targets for the first year following the Howden acquisition, early achievement of associated cost and commercial synergies, increasing EBITDA, free cash flow, and debt reduction as well as secular market tailwinds for demand.

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