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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Matrix Service

ATLANTA, Jan. 12, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (Nasdaq: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and clean energy industries today signed a Memorandum of Understanding (“MOU”) with Matrix Service Company (NASDAQ: MTRX) for the development of standardized hydrogen solutions in North America, including hydrogen liquefaction plants, marine bunkering, fueling stations, plant expansions, storage expansion, spaceship fueling and other hydrogen related facilities. Matrix Service Company (“Matrix”) is a leading contractor to the energy and industrial markets across North America. Through its subsidiaries, Matrix provides engineering, procurement, fabrication, and construction (“EPFC”), as well as maintenance and products to the energy and industrial markets, with specific experience engineering, procuring and constructing cryogenic and pressure storage vessels, terminals and related balance of plant facilities which complements Chart's extensive hydrogen liquefaction and equipment offering.

Chart Industries and Matrix Service Company Execute Commercial Hydrogen Memorandum of Understanding

Chart Industries (GTLS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Chart Industries (GTLS) Keep the Earnings Surprise Streak Alive?

The stock has soared in March and may need to take a break. A small acquisition is made to enter the giant water treatment business.

Chart Industries: The Temperature Is Rising

ATLANTA, Dec. 23, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (Nasdaq: GTLS) today completed the previously announced acquisition of Sustainable Energy Solutions, Inc (“SES”). SES's Cryogenic Carbon Capture™ (“CCC”) technology eliminates most emissions from fossil fuels while enabling better use of intermittent renewables through grid-scale energy storage. Coupling SES's CCC technology with our air-cooled heat exchangers, brazed aluminum heat exchangers, IPSMR® refrigeration/liquefaction system and cryogenic storage and transport equipment creates a one-stop full solution option for those looking for integrated technology and equipment.

Chart Industries Acquires Sustainable Energy Solutions, Inc.

Chart Industries' (GTLS) Sustainable Energy buyout will boost its offerings in carbon capture solutions. Its stake acquisition in and association with HTEC will enhance clean energy market offering.

Chart Industries (GTLS) to Buy Sustainable Energy, Adds HTEC Stake

ATLANTA, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: GTLS), a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, including hydrogen, today announced the completion of an investment in HTEC Hydrogen Technology & Energy Corporation (“HTEC”) in the amount of CAD $20 million for 15.6% of its capital stock on a fully-diluted basis.

Chart Industries Acquires 15% Ownership of HTEC Hydrogen Technology & Energy Corporation and Signs Strategic Commercial Hydrogen MOU

ATLANTA, Dec. 15, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: GTLS) today announced the signing of an exclusive letter of intent to acquire Sustainable Energy Solutions, Inc. (“SES”), subject to execution of definitive transaction documentation, for $20 million in cash and an associated earn-out. The deal is expected to close in the next 30 days.

Chart Industries to Acquire Sustainable Energy Solutions

ATLANTA, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NASDAQ: GTLS) is proud to announce that CEO and President Jill Evanko has been awarded the 2020 Chief Trailblazer Award by S&P Global Platts. The S&P Global Platts Global Energy Awards is an annual program that recognizes exemplary corporate and individual innovation, leadership and superior performance. Established in 1999 and often coined “the Oscars” of the energy industry, the S&P Global Platts Global Energy Awards highlight achievement in 21 categories spanning the entire energy complex. This year, there were over 300 nominated entries from over three dozen countries.

Chart Industries' CEO Evanko Named 2020 Chief Trailblazer of the Year by S&P Global Platts

ATLANTA, Dec. 03, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NASDAQ: GTLS) is proud to announce that President and CEO Jill Evanko has been named the 2020 World LNG Executive of the Year winner. The World LNG Summit and Awards, hosted by dmg events and sponsored by Cheniere, is the premier industry event of the year that brings together thousands of LNG industry leaders each December. The LNG Executive Award is awarded to an individual who has made an outstanding contribution to the development and future of the LNG industry through either commercial or technical innovation or the development of knowledge and learning in his or her organization. 

Chart Industries' CEO Evanko Named 2020 World LNG Executive of the Year

Chart Industries saw an improvement in its IBD SmartSelect Composite Rating Wednesday, from 94 to 96. The post Chart Industries Joins Elite List Of Stocks With 95-Plus Composite Rating appeared first on Investor's Business Daily.

Chart Industries Joins Elite List Of Stocks With 95-Plus Composite Rating

The stock is now up roughly 500% in gains since the low point earlier in the year. The business has not changed. But the market perception of the business has changed.

Chart Industries: Fast Recovery

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Is The Valens Company or Chart Industries the Better Cannabis Stock?

ATLANTA, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: GTLS) today completed the acquisition of BlueInGreen, LLC (“BIG”), a leading dissolved-gas expert providing custom-engineered solutions for water treatment and industrial process applications that delivers tangible economic, social and environmental value.   The stock purchase was completed for a purchase price of $20 million in cash at closing (subject to customary adjustments), plus a potential earn-out not to exceed $6 million in the aggregate.

Chart Industries Acquires Water Cleantech Company BlueInGreen, LLC

ATLANTA, Nov. 03, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: GTLS) completed the acquisition of the Microbulk cryogenic tank intellectual property, equipment, and other assets from IC Biomedical (“ICB”), a private entity on November 2, 2020. Chart acquired the business from IC Biomedical upon ICB's acquisition of these assets and the cryobiological assets of Worthington Industries. ICB will focus on their cryobio life science business, and in turn, sold us the Microbulk cryogenic tank business, originally developed by the former Taylor-Wharton. This acquisition expands our Distribution & Storage cryogenic tank product offering for both industrial gas majors and independent distributors, and also provides for an ongoing supply arrangement to provide Microbulk products to IC Biomedical for their non-cryobiological equipment needs. Additionally, the acquisition adds a unique, highly engineered food processing tank to our specialty product offering. These tanks are used in food plants to inject liquid nitrogen into the blending process of chicken nuggets (Jill's all-time favorite food!).

Chart Industries Acquires the former Worthington Taylor-Wharton Microbulk Cryogenic Tank Business

Chart Industries grew by depending upon "large project" orders that were very cyclical. Entry into the Hydrogen fuels market will decrease the cyclical nature of the business.

Chart Industries: It Really Is Different This Time

Chart Industries, Inc.'s (GTLS) CEO Jill Evanko on Q3 2020 Results - Earnings Call Transcript

Chart Industries (GTLS) delivered earnings and revenue surprises of 1.61% and -9.83%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Chart Industries (GTLS) Beats Q3 Earnings Estimates

ATLANTA, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NASDAQ: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas and energy industries, today reported results for the third quarter ended September 30, 2020. 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. Highlights include:

Chart Industries Reports 2020 Third Quarter Results

ATLANTA, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: GTLS) today announced their participation in a U.S. Department of Energy project, Demonstration and Framework for H2@Scale in Texas and Beyond. The project is supported by DOE's Hydrogen and Fuel Cell Technologies Office within the Office of Energy Efficiency and Renewable Energy. H2@Scale in Texas and Beyond intends to show that renewable hydrogen can be a cost-effective fuel for multiple end-use applications, including fuel cell electric vehicles, when coupled with large, baseload consumers that use hydrogen for clean, reliable stationary power. Chart is partnering with Frontier Energy, GTI, University of Texas at Austin, OneH2, Texas Gas Service, SoCalGas, Toyota Motor North America, Shell, Mitsubishi Heavy Industries, and Air Liquide to conduct two related projects: (1) UT-Austin will host a first-of-its-kind integration of commercial hydrogen production, distribution, storage, and use. The project partners will generate zero-carbon hydrogen onsite via electrolysis with solar and wind power and reformation of renewable natural gas from a Texas landfill. It is the first time that both sources of renewable hydrogen will be used in the same project. The hydrogen will power a stationary fuel cell to provide clean, reliable power for the Texas Advanced Computing Center and supply a hydrogen station with zero-emission fuel to fill a fleet of Toyota Mirai fuel cell electric vehicles and (2) At the Port of Houston, the project team will conduct a feasibility study for scaling up hydrogen production and use. The team will assess available resources, prospective hydrogen users, and delivery infrastructure, such as existing pipelines that supply hydrogen to refineries.   Chart is excited to have the opportunity to participate in H2@Scale in Texas with these leading companies and experts on this important zero carbon initiative, and ensuring the renewable hydrogen supply chain is a viable and economic solution for reducing greenhouse gases in and around the Port of Houston and beyond.

Chart Industries To Participate in U.S. Department of Energy H2@Scale Project

Worthington Industries

Chart Industries' (GTLS) buyout of Worthington's cryogenic trailer and hydrogen trailer business will help solidify its existing business related to hydrogen and cryogenics.

Chart Industries Acquires Worthington's Trailer Business

ATLANTA, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: GTLS), a leading global manufacturer of liquefaction and cryogenic equipment serving multiple applications in the energy and industrial gas end markets, including hydrogen, today announced of its firm undertaking to subscribe to the share capital increase initiated today by McPhy (Euronext Paris: MCPHY – ISIN: FR0011742329) for an amount of 30 million euros, which will result in approximately c. 4.3% of the capital of McPhy, post completion of an anticipated 150 million euros capital offering (expected close tomorrow, October 14, 2020). McPhy specializes in zero-carbon hydrogen production and distribution equipment.

Chart Industries Signs Strategic Commercial Hydrogen MOU with McPhy

ATLANTA, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (“Chart”) (NASDAQ: GTLS) today completed the acquisition of the Theodore, Alabama cryogenic trailer and hydrogen trailer (transport) assets of Worthington Industries, Inc. (NYSE: WOR).  This acquisition includes ownership of the Theodore, Alabama manufacturing site, all trailer-related intellectual property, manufacturing capabilities, equipment and repair backlog. The facility has approximately 300,000 square feet under roof adjacent to the Port of Mobile, and the associated employees will join the Chart team.  This acquisition will produce strong synergies by combining Chart’s deep knowledge of cryogenics and liquid hydrogen storage and handling with the Theodore operation’s expertise and experience in the packaging and assembly of liquid hydrogen trailers. The addition of the trailer business to Chart’s hydrogen equipment and solution offering expands our mobile equipment to larger sized transports and brings another location already certified by significant hydrogen customers.   Expected Chart hydrogen-related revenue from this facility in 2021 is $15 to $20 million with upside potential to $30 million in 2021.

Chart Industries Acquires Worthington Industries’ Cryogenic Trailer and Hydrogen Trailer Business

ATLANTA, Oct. 02, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NASDAQ: GTLS) has scheduled a conference call for Thursday, October 22, 2020, at 9:30 a.m. ET to discuss its third quarter 2020 financial results. Chart plans to issue its third quarter 2020 earnings release prior to market open on October 22nd.

News for Chart Industries Stock (GTLS)