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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BTIG analyst Gregory Lewis raised Chart Industries, Inc's (NYSE:GTLS) price target to $240 (implying an Upside of 19.3%) from $165 and maintained a Buy rating on the shares.  Lewis says the company is "threading the needle" and "expanding into the right places at the right time" by balancing its core industrial gas business and energy transition exposure with bolt-ons and partnerships across hydrogen, carbon capture, water treatment, and specialty gases.

Wells Fargo Initiates Chart Industries With Overweight Rating, BTIG Raises PT

ATLANTA, Sept. 24, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) has scheduled a conference call for Thursday, October 21, 2021, at 9:30 a.m. ET to discuss its third quarter 2021 financial results. Chart plans to issue its third quarter 2021 earnings release prior to market open on October 21st.

Chart Industries Schedules Third Quarter 2021 Earnings Release and Conference Call

ATLANTA, Sept. 20, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS) today was named Emissions Reductions Champion – Organization of the Year at Gastech 2021 in Dubai. This prestigious award celebrates an organization that is going above and beyond in its policies and practices to deliver strategy or actions that reduce emissions and move progressively towards climate change commitments. The Award focuses on the planning, implementation, strategic ambitions and technical applications to solve emissions challenges across an organization and is judged based on emissions policies and targets, strategic and actionable plans, implementation of technology to deliver reductions, and reductions already delivered.

Chart Industries Named Emissions Reductions Champion – Organization of the Year at Gastech 2021

Goldman Sachs analyst Neil Mehta initiated Chart Industries, Inc. (NYSE:GTLS) coverage with a Neutral rating and a price target of $193, implying an upside of 1.73%. Mehta believes the company stands to benefit from positive markets tailwinds but says the shares seem to be fairly pricing in its growth.

Goldman Sachs Initiates Chart Industries With Neutral Rating

FLSmidth (OTC: FLIDY) has signed an agreement with Chart Industries, Inc. (NYSE: GTLS) to implement advanced carbon capture technology to reduce CO2 emissions from cement production. This collaboration will adapt and commercialize Chart's Cryogenic Carbon Capture (CCC) for customers in the cement industry.

Chart Industries, FLSmidth Collaborate On Carbon Capture Technology

Chart Industries' (GTLS) AdEdge buyout to boost its offerings in the water treatment solutions market. The buyout will complement the ChartWater division and add to the company's earnings per share.

Chart Industries (GTLS) Acquires AdEdge, To Boost Earnings

Chart Industries, Inc. (NYSE: GTLS) acquired AdEdge Holdings, LLC, a water treatment technology and solution provider, for a purchase price of $40 million in cash. In addition to over 20 specific targeted contaminants, AdEdge provides solutions for removing perfluorinated alkylated substances (PFAS), perfluorooctane sulfonic acid (PFOS), and other persistent organic compounds.

Chart Industries Acquires AdEdge For $40M

ATLANTA, Aug. 30, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS) today announced the acquisition of AdEdge Holdings, LLC (“AdEdge”), a water treatment technology and solution provider specializing in the design, development, fabrication and supply of water treatment solutions, specialty medias, legacy and innovative technologies that remove a wide range of contaminants from water. The equity purchase was completed for a purchase price of $40 million in cash at closing (subject to customary adjustments) and further details are included in the supplemental presentation at the end of this release.

Chart Industries Acquires Water Treatment Company, AdEdge

The quarterly earnings comparison is surprisingly negative until one looks at adjusted earnings.

Chart Industries Is Booming In Some Very Hot Fields

ATLANTA, Aug. 19, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Chart Industries, Inc. (NYSE: GTLS) has appointed Paula Harris, Linda Harty, and Roger Strauch as new directors effective today. With these appointments, the Chart Board of Directors is comprised of eight independent directors and our CEO and President, Jill Evanko. Four of our nine directors are female and five of our nine are diverse.

Paula Harris, Linda Harty and Roger Strauch Appointed to Chart Industries, Inc. Board of Directors

ATLANTA, Aug. 05, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS) announced today the formation of ChartWater™, a division of Chart Industries within the Specialty Products segment, focused on leveraging its core engineering and manufacturing expertise along with its global footprint, to bring additional innovative water treatment solutions to market. ChartWater™ further solidifies Chart's position in the growing water treatment space while establishing the framework for organic and inorganic expansion as it continues to invest in growth platforms focused on providing sustainable solutions for a wide variety of industries and applications.

Chart Industries Announces the Formation of ChartWater™ Division Within Specialty Products

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ATLANTA, July 26, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries, has been recognized for its Sustainable Energy Solutions Cryogenic Carbon Capture™ (“CCC”) by researchers in a study in the journal of Applied Energy as was co-authored by researchers at the MIT Joint Program on the Science and Policy of Global Change, MIT Energy Initiative, and ExxonMobil. This research analyzed the competitiveness of several types of carbon capture and storage (“CCS”) technologies in a global economic model with specific emphasis on ways to reduce GHG emissions from the manufacture of cement, which accounts for approximately 7% of annual CO2 emissions. Coal-fired post combustion capture (“PCC”), natural gas-fired PCC, and CCC were each separately evaluated in EPPA with their specific costs and inputs. CCC was determined to be the most competitive CCS technology. In the analysis, it was determined that the cost to produce cement and capture CO2 using our CCC technology is 24% higher than producing cement with no CO2 capture (not accounting for any value for the CO2 being captured). This is compared to other capture technologies that range from a 38% increase to a 134% increase in the cost of producing cement and capturing CO2 vs producing cement with no CO2 capture.

Chart Industries, Inc. SES Cryogenic Carbon Capture™ Technology Recognized by researchers at the MIT Joint Program on the Science and Policy of Global Change, MIT Energy Initiative, and ExxonMobil

Chart Industries, Inc. (GTLS) CEO Jill Evanko on Q2 2021 Results - Earnings Call Transcript

Chart Industries (GTLS) delivered earnings and revenue surprises of -2.56% and 0.38%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

Chart Industries (GTLS) Q2 Earnings Miss Estimates

Shares of Chart Industries (NYSE:GTLS) were unchanged after the company reported Q2 results. Quarterly Results Earnings per share were up 26.98% year over year to $0.80, which beat the estimate of $0.79.

Chart Industries: Q2 Earnings Insights

ATLANTA, July 22, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the second quarter ended June 30, 2021. Further details can be found in the supplemental presentation included with this release.   All figures in this release and supplemental presentation represent our continuing operations in our external reportable segments of Cryogenic Tank Solutions (“CTS”), Heat Transfer Systems (“HTS”), Specialty Products (“Specialty”) and Repair, Service & Leasing (“RSL”). Highlights include:

Chart Industries Reports 2021 Second Quarter Results

Over the past few years, there has been a clamor among some shareholders and investors for industrial and oil companies to establish goals for reaching “zero-carbon” levels by certain specified dates. Environmental, Social and Governance (ESG) investing has grown rapidly over the past few years and many fund managers are encouraging companies whose shares they hold to take a more aggressive stance to meet either zero-carbon emissions or transition to renewable energy sources.

Chart Industries Provides a Timely Alternative Energy Play

ROCHESTER, N.Y. and ATLANTA, July 6, 2021 /PRNewswire/ -- Hyzon Motors Inc. and Chart Industries Inc. (NYSE: GTLS) are teaming up to revolutionize long-haul trucking – thanks to liquid hydrogen.

Hyzon Motors, Chart Industries to develop liquid hydrogen fuel cell-powered truck, targeting 1,000-mile range

Chart Industries' (GTLS) acquisition of L.A. Turbine will likely enable the company to win liquefaction projects and strengthen its position in the liquefaction market.

Chart Industries (GTLS) Completes Buyout of L.A. Turbine

ATLANTA, July 01, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS) today announced the acquisition of L.A. Turbine (“LAT” or “L.A. Turbine”) for $80 million in cash (subject to certain customary adjustments).   L.A. Turbine is a global leader in turboexpander design, engineering, manufacturing, assembly and testing process for new and aftermarket equipment, with significant in-house engineering expertise.

Chart Industries Acquires L.A. Turbine

ATLANTA, June 25, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) has scheduled a conference call for Thursday, July 22, 2021, at 9:30 a.m. ET to discuss its second quarter 2021 financial results.   Chart plans to issue its second quarter 2021 earnings release prior to market open on July 22nd.

Chart Industries Schedules Second Quarter 2021 Earnings Release and Conference Call

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ATLANTA and LYSAKER, Norway, June 14, 2021 (GLOBE NEWSWIRE) -- TECO 2030 ASA (OSE: TECO) has signed a Memorandum of Understanding with Chart Industries, Inc. (“Chart”) (NYSE: GTLS) to jointly develop technological solutions that will capture carbon dioxide (CO2) emitted by ships and subsequently store it in liquid form.

TECO 2030 to cooperate with Chart Industries on developing marine carbon capture and storage solutions

ATLANTA, June 14, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries, has booked an order for a helium liquefaction large scale Helium plant for one of the largest independent oil and gas producers in Russia. The scope of our supply for the helium plant includes equipment supply for the plant, commissioning and start-up. Keeping with our strategy, we do not have construction responsibility for the project. This project reflects the combination of Cryo Technologies (which Chart acquired in February 2021) and Chart capabilities, bringing the best of both of our liquefaction engineering expertise together and Chart's capabilities in precooling, brazed aluminum heat exchangers and cold box fabrication.

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