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, Inc. (NYSE: GTLS) completed the acquisition of Earthly Labs, Inc. The purchase price was $62 million for the 85% stake in Earthly Labs that Chart did not already own. The company paid the purchase price ~62% in cash and 38% in stock valued by using a 5-day volume-weighted average price per share of $169.42.

Chart Industries Acquires Remaining 85% Stake In Earthly Labs For $62M

ATLANTA, Dec. 14, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS), a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, including carbon capture, today completed the acquisition of Earthly Labs, Inc. (“Earthly Labs”). The purchase price for the 85% of Earthly Labs that Chart did not already own was $62 million (subject to customary adjustments), of which approximately 62% is being paid in cash and 38% is being paid in shares of common stock of Chart, par value $0.01 (to certain sellers of Earthly Labs who are accredited investors). Such shares of common stock of Chart are valued for this purpose by using a 5-day volume-weighted average price per share of $169.42. Earthly Labs is the leading provider of small-scale carbon capture systems offering an affordable, small footprint technology platform called “CiCi ®” to capture, recycle, reuse, track and sell CO2. Earthly Labs proprietary approach includes hardware, software and services to address half of all existing carbon dioxide emissions from industrial sources while converting molecules to value. Earthly Labs' market-driven solution is unique in the carbon capture space, offering quick installation, fast payback, and a cloud-based software solution enabling real-time CO2 capture insights and ongoing value. Since inception, Earthly Labs has included Chart cryogenic CO2 storage tanks, vaporizers, and regulators as a standard part of its offering to customers.

Chart Industries Acquires Earthly Labs

ATLANTA, Dec. 08, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart” or the “Company”) (NYSE: GTLS) and Howden have signed a Memorandum of Understanding (MOU) as they move forward in collaboration for advanced hydrogen solutions, incorporating Howden gas compression systems into Chart hydrogen offerings.

Howden and Chart Industries collaborate on delivering advanced hydrogen solutions

Benchmark analyst Douglas Becker initiated Chart Industries, Inc. (NYSE:GTLS) with a Buy rating and a price target of $206, implying an upside of 18.2%. Becker says Chart is at the "nexus of clean" given its exposure to LNG, hydrogen, carbon capture, and water solutions.

Benchmark Bullish On Chart Industries, Sees Sharp Upside

Chart Industries, Inc. (NYSE: GTLS) and Hylium Industries, Inc., a liquid hydrogen technology company, signed a Memorandum of Understanding to establish a joint venture and associated supply agreement to design and produce liquid hydrogen trailers for the Republic of Korea. Hylium also placed a purchase order for three liquid hydrogen trailers.

Chart Industries Partners With Korea's Hylium For Liquid Hydrogen Trailers

ATLANTA and REPUBLIC OF KOREA, Dec. 02, 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 and Hylium Industries, Inc. (“Hylium”), a leading liquid hydrogen technology company in the Republic of Korea, have signed a Memorandum of Understanding (“MOU”) to establish a joint venture and associated supply agreement to design and produce liquid hydrogen trailers for the Republic of Korea. Included in the execution of the MOU, Hylium placed a purchase order for three liquid hydrogen trailers. Through the agreement, the trailers will be designed and produced for sale in the Republic of Korea through Hylium including obtaining and maintaining all applicable government certifications, approvals, and registrations required.

Chart Industries and Hylium Industries Sign Memorandum of Understanding for Supply of Liquid Hydrogen Trailers in the Republic of Korea

Chart Industries has seen a solid recovery in 2021, as investors aggressively price in better operating conditions for the firm.

Chart Industries: Too High On The Chart

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Chart Industries' (GTLS) CEO Jill Evanko on Q3 2021 Results - Earnings Call Transcript

Chart Industries, Inc. (NYSE: GTLS) reported third-quarter sales growth of 20.2% year-over-year to $328.3 million, an organic increase of 13.4%, missing the consensus of $348.21 million. Sales by segments: Cryo Tank Solutions $112.2 million (+10% Y/Y), Heat Transfer Systems $56.4 million (-30.1% Y/), Specialty Products $116.9 million (+109% Y/Y), Repair, Service & Leasing $46.3 million (+26.9% Y/Y).

Chart Industries Shares Fall After Q3 Miss; Cuts FY21, Lifts FY22 Sales Outlook Citing Timing Shift On Project Shipment

You'd be wrong to dump Chart Industries shares based on market noise.

The Surprising Reason Chart Industries Stock Crashed Today

Chart Industries (NYSE:GTLS) reported its Q3 earnings results on Thursday, October 21, 2021 at 06:00 AM. Here's what investors need to know about the announcement.

Chart Industries: Q3 Earnings Insights

ATLANTA, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the third quarter ended September 30, 2021 as well as an update to our 2022 outlook. Further details can be found in the supplemental presentation included with this release. Highlights include:

Chart Industries Reports 2021 Third Quarter Results

ODESSA, Texas, Oct. 20, 2021 /PRNewswire/ -- Saulsbury was recently awarded a contract for pre-FEED (Front End Engineering and Design) study for a 30 ton per day hydrogen liquefaction facility for a major US-based utility provider. This award represents a significant achievement for Saulsbury as the company strives to become a leading EPC provider to the developing hydrogen market.

Saulsbury Awarded Front End Engineering Study for Hydrogen Liquefaction Facility

BlueInGreen's Center of Excellence to provide equipment and funding in support of doctoral research developing innovative biological treatment processes and new applications using SDOX® technology BlueInGreen's Center of Excellence to provide equipment and funding in support of doctoral research developing innovative biological treatment processes and new applications using SDOX® technology

ChartWater™ backs researchers developing new treatment processes and applications at IHE Delft Institute for Water Education

Chart Industries, Inc (NYSE: GTLS) has signed a Memorandum of Understanding with Ionada to collaborate on Carbon Capture and Sequestration (CCUS) projects. Deal terms were not disclosed.

Chart Industries, Ionada Collaborate On Carbon Capture Projects

ATLANTA, Oct. 18, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart” or the “Company”) (NYSE: GTLS), a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, is pleased to announce the signing of a Memorandum of Understanding (MOU) with Ionada, a global leader in the development, manufacturing and marketing of exhaust gas cleaning systems that reduce emissions from the marine and power generation industries, to collaborate on Carbon Capture and Sequestration (CCUS) projects that will leverage Ionada's carbon capture technology with Chart's extensive expertise in CO2 storage and handling systems. The non-exclusive cooperation agreement will see both companies develop and use technology to reduce the carbon footprint of the shipping industry. Carbon captured via Ionada's technology can be stored onboard in Chart CO2 ISO containers or in engineered built-for-purpose type C tanks and then offloaded at ports. Once offloaded, the CO2 can either be permanently stored in geological formations or put to beneficial use in CO2-consuming industries, such as the agricultural, industrial, energy, or food and beverage sectors.

Ionada and Chart Industries sign MOU to collaborate on Carbon Capture Utilization and Storage (CCUS) Projects in the Shipping Industry

ATLANTA, Oct. 07, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NYSE: GTLS) today announced Joe Brinkman as Vice President and Chief Financial Officer (“CFO”), effective October 1, 2021. He will continue to report to Jill Evanko, President and CEO. Joe succeeds Scott Merkle, who announced his plan to retire effective October 1, 2022 and will help us with a seamless transition over the next year, including ongoing administrative and acquisition support until his planned retirement date.

Chart Industries Names Joe Brinkman Chief Financial Officer

Chart Industries, Inc. (NYSE: GTLS) has been notified of its U.S. Department of Energy funding award for Sustainable Energy Solutions (SES) Cryogenic Carbon Capture (CCC) technology. The DOE funding for this project is ~$5 million.

Chart Industries Secures US DOE Funding For SES Cryogenic Carbon Capture Technology

ATLANTA, Oct. 07, 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 notified of its U.S. Department of Energy (“DOE”) funding award for our Sustainable Energy Solutions Cryogenic Carbon Capture™ (“CCC”) technology.

Chart Industries, Inc. SES Cryogenic Carbon Capture™ Technology Selected for Funding from the U.S. Department of Energy

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.

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