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, Dec. 09, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) announced today that it has priced its previously announced concurrent offerings (together, the “Offerings”) of 5,923,670 shares of common stock, par value $0.01 per share (“Common Stock”), at a public offering price of $118.17 per share and 7,000,000 depositary shares (“Depositary Shares”), each representing a 1/20th interest in a share of Series B Mandatory Convertible Preferred Stock, par value $0.01 per share (“Preferred Stock”), at a public offering price of $50 per share, each in a separate underwritten registered public offering. In addition, Chart has granted the underwriters in each respective offering a 30-day option to purchase up to an additional 888,550 shares of Common Stock and up to an additional 1,050,000 Depositary Shares, in each case at the public offering price per share.

Chart Industries, Inc. Announces Pricing of Upsized Public Offerings of Common Stock and Depositary Shares

ATLANTA, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) announced today that, it has priced its previously announced offering of $1,460,000,000 aggregate principal amount of 7.500% senior secured notes due 2030 (the “Secured Notes”) at an issue price of 98.661% and $510,000,000 aggregate principal amount of 9.500% unsecured notes due 2031 (the “Unsecured Notes,” and together with the Secured Notes, the “Notes”) at an issue price of 97.949%. The offering is expected to close on December 22, 2022, subject to customary closing conditions.

Chart Industries, Inc. Announces Pricing of Offering of Senior Secured Notes and Senior Unsecured Notes

Chart Industries, Inc. GTLS shares are trading lower by 13.79% to $116.36 going into the close of Thursday's session after the company announced proposed public offerings of $600 million of common stock and $300 million of depository shares.

Why Chart Industries Shares Are Diving - Chart Industries (NYSE:GTLS)

ATLANTA, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) announced today that, subject to market and other conditions, it has commenced concurrent offerings (together, the “Offerings”) of $600 million of common stock, par value $0.01 per share (“Common Stock”), and $300 million of depositary shares (“Depositary Shares”), each representing a 1/20th interest in a share of Series B Mandatory Convertible Preferred Stock, par value $0.01 per share (“Preferred Stock”), each in a separate underwritten registered public offering. In addition, Chart expects to grant the underwriters in each respective offering a 30-day option to purchase up to an additional $90 million of Common Stock and up to an additional $45 million of Depositary Shares.

Chart Industries, Inc. Announces Proposed Public Offerings of Common Stock and Depositary Shares

ATLANTA, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) announced today that, subject to market conditions and other conditions, it intends to offer up to $1,310,000,000 aggregate principal amount of senior secured notes due 2030 (the “Secured Notes”) and $750,000,000 aggregate principal amount of senior unsecured notes due 2031 (the “Unsecured Notes” and, together with the Secured Notes, the “Notes”).

Chart Industries, Inc. Announces Proposed Offering of Senior Secured Notes and Senior Unsecured Notes

ATLANTA, Dec. 01, 2022 (GLOBE NEWSWIRE) -- Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has entered into an agreement with Chart Industries, Inc. (NYSE: GTLS) to collaborate on the further deployment of B&W's BrightLoopTM hydrogen generation technology, utilizing Chart's integrated hydrogen liquefaction and cryogenic carbon capture equipment and expertise. Together, this solution provides economic generation of low-carbon hydrogen and supplies cost-effective, transportable forms of liquid hydrogen and carbon dioxide.

Babcock & Wilcox and Chart Industries to Collaborate on Hydrogen Innovation Utilizing B&W's Brightloop™ Technology

Reduces Greenhouse Gas Emissions Reduces Greenhouse Gas Emissions

Maine Beer Company Installs Chart Industries' Earthly Labs CO2 Capture Technology

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Why Shares of Chart Industries Plummeted This Week

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News of an acquisition is resulting in a steep sell-off.

Why Shares of Chart Industries Are Plunging Today

Chart Industries (GTLS) announced it is buying Howden in a deal valued at $4.4 billion. This is why.

Why Chart Industries (GTLS) Is Buying Howden For $4.4 Billion In Cash

Chart Industries Inc. GTLS, +1.68% said Wednesday it has entered a definitive agreement to acquire privately held Howden, a UK-based provide of air and gas handling products and services, in a cash-and-stock deal valued at $4.4 billion. Chart Industries is a maker of engineered equipment servicing he energy and industrial gas markets.

Chart Industries to acquire UK-based Howden for $4.4 billion in cash and stock

NEW YORK , Nov. 9, 2022 /PRNewswire/ -- KPS Capital Partners, LP ("KPS") announced today that it has signed a definitive agreement to sell its portfolio company, Howden (the "Company"), to Chart Industries, Inc. ("Chart Industries" or "Chart", NYSE: GTLS), a Ball Ground, Georgia based manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets, for $4.4 billion. Howden is a leading global provider of air and gas handling solutions that drive enhanced safety, efficiency and environmental sustainability in mission-critical processes across a broad range of attractive and fast-growing industrial markets.

KPS CAPITAL PARTNERS TO SELL HOWDEN TO CHART INDUSTRIES

ATLANTA, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”) today announced that it has signed a definitive agreement to acquire Howden, a leading global provider of mission critical air and gas handling products and services, from affiliates of KPS Capital Partners, LP. The purchase price is $4.4 billion and will be funded through a combination of cash and shares of a newly created class of preferred stock. The acquisition is subject to the receipt of certain regulatory approvals and the satisfaction of other customary closing conditions and is expected to close in the first half of 2023.

Chart Industries, Inc. to Acquire Howden

ATLANTA, Nov. 01, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS), and CarbonCure Technologies, Inc. (“CarbonCure”) today announced an agreement to further advance collaboration on equipment for the storage and transport of liquid carbon dioxide, in addition to the utilization of Sustainable Energy Solutions' (“SES”), a division of Chart Industries, Cryogenic Carbon Capture™ technology for deployment at concrete facilities globally.

Chart Industries and CarbonCure Technologies Announce Agreement for Carbon Dioxide Storage and Transport Equipment

Earnings per share are projected to increase about 50% in fiscal year 2023. This disrupter generates a lot of cash flow currently, with promises of a lot more cash in the future.

Chart Industries: Booming Business

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Flowserve and Chart Industries Announce Partnership to Further Enable Hydrogen Economy

Chart Industries, Inc.'s (NYSE:GTLS ) Q3 2022 Results Conference Call October 28, 2022 5:30 AM ET Company Participants Jillian Evanko - President and Chief Executive Officer Joe Brinkman - Vice President and Chief Financial Officer Conference Call Participants Eric Stine - Craig-Hallum Capital Group Ben Nolan - Stifel John Walsh - Credit Suisse Rob Brown - Lake Street Sam Burwell - Jefferies Martin Malloy - Johnson Rice Marc Bianchi - Cowen Walter Liptak - Seaport Research Craig Shere - Tuohy Brothers Operator Good morning, and welcome to the Chart Industries, Inc. 2022 Third Quarter Results Conference Call. All lines have been placed on mute to prevent any background noise.

Chart Industries, Inc. (GTLS) Q3 2022 Earnings Call Transcript

Chart Industries (GTLS) delivered earnings and revenue surprises of 9.09% and 8.29%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Chart Industries (GTLS) Q3 Earnings Top Estimates

ATLANTA, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the third quarter ended September 30, 2022. 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 2022 Third Quarter Results

ATLANTA, Sept. 30, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) has scheduled a conference call for Friday, October 28, 2022, at 8:30 a.m. ET to discuss its third quarter 2022 financial results. Chart plans to issue its third quarter 2022 earnings release prior to market open on October 28th.

Chart Industries Schedules Third Quarter 2022 Earnings Release and Conference Call

ATLANTA and ABU DHABI, United Arab Emirates, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries and C.A.T. Group (“C.A.T.”), a leader in the contracting industry serving a wide spectrum of sectors such as Energy, Utilities, Civil, Infrastructure and Buildings have signed a Memorandum of Understanding (“MOU”) to bring carbon capture solutions to customers in the Middle East and Africa. The MOU focuses on the two companies bringing Chart's carbon capture solutions to their customers in these regions, with special focus on the state-owned companies and energy companies. With the combination of C.A.T. and Chart, customers can be provided with an optimized turn-key solution.

Chart Industries and C.A.T. Group Sign Memorandum of Understanding for Bringing Full Carbon Capture Solutions to Customers in the Middle East and Africa

ATLANTA, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS), a leading diversified global manufacturer of highly engineered cryogenic equipment and technologies for the industrial gas and clean energy industries, is pleased to announce the signing of a Memorandum of Understanding (“MOU”) with The Agricultural Gas Company (“AG Gas”) to collaborate on marketing CO2 enrichment solutions to the agricultural market that incorporate leading technology from both companies. AG Gas CO2 enrichment systems and Chart cryogenic tanks are already being deployed together in the California market. Our companies will collaborate in marketing technology that promotes bigger harvests and improved water-use efficiency using excess industrial CO2.

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