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 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.

Chart Industries Announces Credit Rating Upgrade from S&P Global Ratings

Chart was a beaten-down stock heading into February. But fourth-quarter earnings and forward guidance reassured investors.

Why Chart Industries Rose 22.4% in February

ATLANTA, March 06, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a leading global solutions provider to clean energy and industrial gas markets, will present at the Bank of America Global Industrials Conference in London. President and Chief Executive Officer, Jill Evanko, will participate in a fireside discussion on Wednesday, March 20th, at 1:05 p.m. GMT.

Chart Industries to Present at Bank of America Securities Global Industrials Conference

Chart Industries is on track with its cost synergy generation and debt reduction plans. Management's guidance for 2024 puts the stock in value territory.

Why Shares in Chart Industries Are Surging This Week

Chart Industries generates record sales and gross margin in its fourth quarter. The company is now projecting record sales for 2024 and strong growth through 2026.

Why Growth Stock Chart Industries Is Skyrocketing Today

Chart Industries, Inc. (GTLS) Q4 2023 Earnings Call Transcript

The headline numbers for Chart Industries (GTLS) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Chart Industries (GTLS) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

ATLANTA, Feb. 28, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) today reported results for the fourth quarter and full year ended December 31, 2023. Results shown are from continuing operations. When referring to the fourth quarter 2022, full year 2022 or any quarter of 2023 comparative period, all metrics are pro forma for continuing operations of the combined business of Chart and Howden; this includes Howden (includes the stub period of January 1, 2023 to March 16, 2023 where we did not own Howden), excludes Roots™, and excludes the impacted periods of November and December in 2022 of American Fan, Cofimco, and CryoDiffusion divestitures.

Chart Industries Reports 2023 Fourth Quarter and Full Year Financial Results

Besides Wall Street's top -and-bottom-line estimates for Chart Industries (GTLS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended December 2023.

Gear Up for Chart Industries (GTLS) Q4 Earnings: Wall Street Estimates for Key Metrics

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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 doesn't suggest further strength down the road.

Chart Industries (GTLS) Moves 8.1% Higher: Will This Strength Last?

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Chart Industries' earnings per share is expected to more than double, potentially leading to a significant increase in stock value. The company's acquisition of Howden has expanded opportunities and diversified its business, reducing reliance on natural gas projects. Chart's strategy of specialized factories and a one-stop-shop sales approach gives it a competitive advantage and potential for continued growth.

Chart Industries: Expect Earnings To Skyrocket

ATLANTA, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) a leading global solutions provider to clean energy and industrial gas markets is reiterating its medium-term financial targets through 2026, which were originally presented at its Investor Day on November 28, 2023 and include:

Chart Industries Reiterates Medium-Term Financial Targets

ATLANTA, Jan. 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 Wednesday, February 28, 2024 at 8:30 a.m. ET to discuss its fourth quarter and full year 2023 financial results. Chart plans to issue its fourth quarter and full year 2023 earnings release prior to market open on February 28th.

Chart Industries to Announce Fourth Quarter 2023 Results on February 28

ATLANTA, Dec. 28, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS), a leading global engineering design firm and manufacturer of highly engineered equipment servicing multiple applications in clean energy and industrial gas markets announces the recent receipt of multiple LNG-related awards, including:

Chart Industries Announces LNG Awards

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ATLANTA, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS), a leading global engineering design firm and manufacturer of highly engineered equipment servicing multiple applications in clean energy and industrial gas markets, will present at the Goldman Sachs Energy, CleanTech & Utilities Conference. President and Chief Executive Officer, Jill Evanko, will participate in a fireside discussion on Thursday, January 4th, at 11:00 am Eastern Time.

Chart Industries to Present at Goldman Sachs Energy, CleanTech & Utilities Conference

Howden's acquisition by Chart Industries with debt was unexpected, and the accompanying financing caused a crash in the stock price. The market is concerned about the slowing pace of orders, even though it is only for one quarter. The next quarter will likely resume the growth pace. The market is also questioning the achieved synergies and margin volatility.

Chart Industries: Ghosts Of Issues Past

ATLANTA, Dec. 07, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS) today announced it has been recognized by Newsweek as one of America's Most Responsible Companies 2024. This prestigious award, announced on December 6th, 2023, is presented by Newsweek and Statista Inc., the world-leading industry ranking provider and statistics portal.

Chart Industries Named to Newsweek's America's Most Responsible Companies 2024 List

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This industrial equipment company serves both oil and gas as well as hydrogen, carbon capture, and water purification markets Following a large acquisition, shares look incredibly cheap. Over the long-term, this stock has been an outperformer.

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ATLANTA, Nov. 28, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS), a leading global engineering design firm and manufacturer of highly engineered equipment servicing multiple applications in clean energy and industrial gas markets, is hosting an Investor Day, today, November 28, 2023, at 8:00am ET to present their view of Chart Industries strategic priorities, growth strategy, and three-year financial outlook.

News for Chart Industries Stock (GTLS)