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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

ATLANTA, June 12, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) announced that it has signed a definitive agreement to sell its Roots™ business (“Roots”) to Ingersoll Rand Inc. (NYSE: IR) (“Ingersoll Rand”) for an all-cash purchase price of $300 million, representing an attractive low-teens adjusted EBITDA multiple. The transaction, which is subject to customary closing conditions, is expected to close in the third quarter 2023.

Chart Industries Executes Definitive Agreement for the sale of its Roots™ business to Ingersoll Rand

Ingersoll-Rand

DAVIDSON, N.C.--(BUSINESS WIRE)--Ingersoll Rand Inc. (NYSE:IR), a global provider of mission-critical flow creation and industrial solutions, has entered into a definitive agreement to acquire Howden Roots LLC (“Roots”) from Chart Industries, Inc. (NYSE: GTLS) for an all-cash purchase price of approximately $300 million. Roots is a leading provider of low-pressure compression and vacuum technologies. The business goes to market under the widely recognized Roots brand, which was founded in 1854.

Ingersoll Rand to Acquire Roots from Chart Industries

The Chart Industries, Inc.'s first quarter provided investors some reassurance that the deleveraging process is progressing as planned. Long-term worries about competitiveness without continuing acquisitions remain. Chart Industries, Inc.'s earnings far exceeded most consensus expectations.

Chart Industries Is Dodging A Bullet

ATLANTA, May 26, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a global leader in design, engineering, and manufacturing of process technology and equipment for diversified specialty markets, today announced that President and Chief Executive Officer Jillian Evanko will present at the following conferences:

Chart Industries to Participate in Upcoming Investor Events

Companies sign Memorandum of Understanding to identify and pursue opportunities where carbon capture technologies can be deployed Companies sign Memorandum of Understanding to identify and pursue opportunities where carbon capture technologies can be deployed

Koch Engineered Solutions and Chart Industries Agree to Collaborate on Carbon Capture Utilization and Storage (CCUS) Projects

With the acquisition of Howden completed, the market focus turns to execution. The high financial leverage has the market concerned.

Chart Industries: Execution Time

ATLANTA, May 10, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”, NYSE: GTLS) and Crane Company (“Crane”, NYSE:CR) have successfully tested a new cryogenic valve designed and built by Crane for liquid hydrogen applications. This is the first valve launched from Crane's CRYOFLO™ line of bellow seal vacuum jacketed globe valves, designed and tested by Crane, with final validation, review, and testing conducted by Chart. Final testing was conducted at Chart's one-of-a-kind liquid hydrogen test facility in New Prague, MN, USA, leveraging Chart's 60 years of experience with hydrogen equipment and the facility's availability of the extremely cold cryogenic liquid for testing. Liquid hydrogen is over 100 degrees Fahrenheit colder than liquid nitrogen, and significantly colder than the temperature limit of most cryogenic valves.

Chart Industries, Inc. and Crane Company Successfully Test a New Liquid Hydrogen Valve

ATLANTA, May 02, 2023 (GLOBE NEWSWIRE) -- TECO 2030 (OSE: TECO) and Chart Industries, Inc. (NYSE: GTLS, “Chart”) have expanded their existing cooperation agreement on Chart's Cryogenic Carbon Capture™ process technology (“CCC”), to include Chart's offer of liquid cryogenic fuel storage and supply systems, as well as Howden's hydrogen solutions.

Chart Industries Inc Expands its Partnership with TECO 2030 ASA to Include all Howden solutions for Ship Efficiency and Carbon Emissions Reductions

Arista Networks

Hershey

Progressive

Zoetis

Women hold a tiny fraction of the CEO jobs at America's biggest companies. That number is steadily increasing.

5 Women-Led Businesses Absolutely Crushing the Stock Market Right Now

Chart Industries, Inc. (NYSE:GTLS ) Q1 2023 Earnings Conference Call April 28, 2023 8:30 AM ET Company Participants Jillian C. Evanko - President and CEO Joseph Brinkman - CFO Conference Call Participants Benjamin Nolan - Stifel, Nicolaus Eric Stine - Craig-Hallum Martin Malloy - Johnson Rice Pavel Molchanov - Raymond James Sam Burwell - Jefferies Robert Brown - Lake Street Capital Markets Marc Bianchi - TD Cowen Walter Liptak - Seaport Research Partners Craig Shere - Tuohy Brothers Barry Haimes - Sage Asset Management Operator Good morning and welcome to the Chart Industries, Inc. 2023 First Quarter Results Conference Call.

Chart Industries, Inc. (GTLS) Q1 2023 Earnings Call Transcript

Chart Industries (GTLS) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.62 per share a year ago.

Chart Industries (GTLS) Q1 Earnings and Revenues Top Estimates

ATLANTA, April 28, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the first quarter ended March 31, 2023. All first quarter 2023 results are Chart standalone full first quarter 2023 plus our stub ownership period of Howden following the completion of the acquisition from March 17, 2023 to March 31, 2023 unless otherwise noted. Further details can be found in the supplemental presentation accompanying this release and published in the investor relations section of our website.

Chart Industries Reports 2023 First Quarter Results and Increases 2023 Outlook

This high-flier got pummeled for disappointing guidance. The first quarter is traditionally the weakest for Chart Industries, Inc.

Chart Industries: High Price To Earnings Ratio Weakness

ATLANTA, April 26, 2023 (GLOBE NEWSWIRE) -- Howden, a Chart Industries Company, and leading global provider of mission critical air and gas handling products, technologies and services, has secured a contract for its innovative Ventsim™ CONTROL system at Gold Fields South Deep gold mine. The mine is a world-class bulk mechanized mining operation reaching depths between 2,800m and 3,300m below surface and is located in the Witwatersrand Basin, near Westonaria 50km south-west of Johannesburg (South Africa).

Howden to Install Ventilation Optimization System for Gold Fields South Deep Gold Mine

ATLANTA, April 24, 2023 (GLOBE NEWSWIRE) -- Hydrexia and Chart Industries, Inc. (NYSE: GTLS, “Chart”) have expanded the existing cooperation agreement with Howden to include Chart's hydrogen solution offerings focused on streamlining mobility applications, specifically hydrogen refueling stations. Under the expanded agreement, Chart, Howden and Hydrexia will combine their expertise to deliver complete refueling stations solutions with a modularization concept bringing cost and lead-time efficiencies for their customers in Australia, New Zealand, and Southeast Asia.

Hydrexia Expands its Partnership with Howden to Include all Chart Industries, Inc. Solution Offerings for Hydrogen Fueling Stations

Chart Industries (GTLS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Chart Industries (GTLS) to Report a Decline in Earnings: What to Look Out for

RBC Bearings Inc

Investors with an interest in Manufacturing - General Industrial stocks have likely encountered both Chart Industries (GTLS) and RBC Bearings (RBC). But which of these two stocks offers value investors a better bang for their buck right now?

GTLS or RBC: Which Is the Better Value Stock Right Now?

Chart is about 50% off its all-time highs from last November. Investors have been worrying about its new debt-fueled acquisition.

Why Chart Industries Surged 14.5% This Week

ATLANTA, April 13, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS), a leading diversified global manufacturer of highly engineered equipment and technologies for the industrial gas and clean energy industries, is pleased to announce the expansion of their existing Memorandum of Understanding (“MOU”) with Wolf Carbon Solutions U.S. LLC (“Wolf”). Wolf is an affiliate of Wolf Midstream, a $4 billion multi-asset energy infrastructure organization based in Calgary, Alberta.

Chart Industries and Wolf Carbon Solutions expand MOU on Carbon Capture Utilization and Storage Projects along Mt. Simon Hub System to include Howden Equipment

Cullen/Frost Bankers

Capri Holdings Ltd

CVB Financial

DISH Network

Dun & Bradstreet Holdings

Elanco Animal Health Inc

Flaherty & Crumrine Preferred Securities Income Fund Inc

Glacier Bancorp

Herbalife

HighPeak Energy Inc

JPMorgan Chase & Co

Matador Resources

Ryan Specialty Group Holdings

Stifel Financial

SPDR S&P 500 ETF Trust

Southwest Gas Hlds

Tidewater

V.F.

Valley National

Vistra Energy

Today, we provide you the first quarter update in our recurring series based on firms that have enjoyed unusual insider interest during the first quarter of the year. We stand behind our belief that insiders supply the market with high-quality investment information each time they decide to trade their own company's shares on the open market.

Strong Mid-Cap Insider Buys: Q1 2023

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) Surges 12.1%: Is This an Indication of Further Gains?

Chart Industries sold off last year when it announced the acquisition of Howden. After closing the deal March 17, the company gave investors a reassuring update yesterday afternoon.

Why Chart Industries Was Rocketing 12% Higher Today

The high leverage of this transaction clearly worried the market. Record setting orders could offset some market concerns.

Chart Industries: Deleveraging In Style

ATLANTA, April 11, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a global leader in design, engineering, and manufacturing of process technology and equipment for clean energy, industrial gas, and diversified specialty markets, has scheduled a conference call for Friday, April 28, 2023 at 8:30 a.m. ET to discuss its first quarter 2023 financial results. Chart plans to issue its first quarter 2023 earnings release prior to market open on April 28th.

Chart Industries Schedules First Quarter 2023 Earnings Release and Conference Call; Announces First Quarter 2023 Ending Record Backlog for Chart and Howden Standalone

Atlanta (Georgia, United States), Mumbai (India) and Grenoble (France), April 11, 2023 - 7:30 am CEST - Chart Industries, Inc. (NYSE: GTLS), a leading global engineering design and manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets, today announced the furthering of its partnerships with McPhy Energy, SA (“McPhy”), a leading electrolyzer technology and manufacturing company, and Larsen & Toubro (“L&T”), an Indian multinational engaged in EPC Projects and Hi-Tech Manufacturing and Services. L&T recently announced their partnership with McPhy for opportunities unfolding in the green hydrogen market where McPhy has granted an exclusive license of its pressurized alkaline electrolyzer technology to L&T for manufacturing of electrolyzers, including future product upgrades. L&T plans to set up a Gigawatt-scale manufacturing facility for electrolyzers based on McPhy technology compatible with U.S. and other market requirements.

News for Chart Industries Stock (GTLS)