Core Viewpoint - Chart Industries, Inc. has secured a significant order from Repsol for hydrogen compression solutions, which is part of Repsol's expansion project in Portugal, despite a recent decline in GTLS stock price [1][3]. Group 1: Company Overview - Chart Industries, Inc. (GTLS) specializes in advanced hydrogen compression solutions and has recently been involved in multiple significant projects [1][5]. - Repsol, headquartered in Madrid, Spain, is a major player in the petrochemical industry, producing a range of products including recyclable polyolefins [2]. Group 2: Project Details - Repsol's expansion at the Sines industrial complex includes the construction of two plants for polypropylene and polyethylene, with a total investment of €657 million [3]. - The new plants will utilize solar-powered green electrolytic hydrogen to produce 100% recyclable polymeric materials for various industries, including pharmaceuticals, food, and automotive [3]. Group 3: Deal Specifics - Under the agreement, Chart Industries will provide two diaphragm compressors to ensure the consistent delivery of high-pressure hydrogen for polymer production [4]. - In addition to the Repsol deal, Chart Industries has secured other notable contracts, including a partnership with GasLog LNG Services for a liquid hydrogen supply chain and an order from Element Resources for a green hydrogen production facility in California [5][6]. Group 4: Market Performance - Over the past three months, GTLS stock has increased by 4.3%, contrasting with a 3% decline in the broader industry [7]. - The company is expected to benefit from a solid order backlog and growth investments, although it faces challenges from supply chain constraints and rising raw material costs [8].

Repsol's expansion project at its Sines facility is a strategic move towards achieving 100% recyclable high- value materials from two new Polypropylene and Polyethylene plants. This plant will utilize solar-powered green electrolytic hydrogen, aligning with Repsol's commitment to fostering their energy transition initiatives and achieving net-zero emissions by 2050. ATLANTA, May 28, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE:GTLS) ("Chart"), a global leader in clean energy and industrial gas solu ...

ATLANTA, May 10, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE:GTLS) ("Chart"), a leading global solutions provider to clean energy and industrial gas markets, announces the participation of its executives in several upcoming conferences. Citi's 2024 Energy and Climate Technology Conference on May 14TD Cowen's 2nd Annual Sustainability Week on May 22 A live webcast presentation at 10:50 am Eastern Time will be available on the company's website Chart Industries, Inc. | Events and Presentations Craig ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the transition period from to Commission File Number: 1-11442 CHART INDUSTRIES, INC. (Exact name of registrant as specified in its charter) FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation ...

Q1 2024 Financial Performance - Orders, backlog, sales, reported and adjusted gross margin, reported and adjusted operating margin, reported and adjusted EBITDA and associated EBITDA margin were all the highest in any first quarter in the company's history[14] - Pro forma organic orders and sales growth were 4.9% and 18.3% year-over-year, respectively[14] - Reported gross margin was 31.8%, a 260 basis point increase compared to Q1 2023[14] - Adjusted operating income was $171.3 million, or 18.0%, contributing to adjusted EBITDA of $212.2 million, or 22.3%[14] - Record backlog of $4.3 billion, up 10% compared to Q1 2023[14] Liquidity and Leverage - Q1 2024 net leverage ratio was 3.43X, reflecting cash seasonality, the company is on track to target a net leverage ratio of 2.0 to 2.5X[2] - The company reiterates its financial policy and target net leverage ratio of 2.0X to 2.5X[2] - Adjusted Free Cash Flow was negative $135.7 million in Q1 2024[38] Segment Performance - Cryo Tank Solutions orders were $159.3 million, sales were $159.7 million, and gross profit margin was 20.5%[25] - Heat Transfer Systems orders were $237.3 million, sales were $253.6 million, and gross profit margin was 27.6%[25] - Specialty Products orders were $391.3 million, sales were $236.5 million, and gross profit margin was 24.9%[25]

Financial Performance - First quarter 2024 orders reached $1.12 billion, a 4.3% increase, contributing to a record backlog of $4.33 billion[4] - Sales for the first quarter 2024 were $950.7 million, marking a 17.4% increase year-over-year, with pro forma organic growth of 18.3% after accounting for a foreign exchange headwind of (0.9%)[3] - Reported gross margin was 31.8%, an increase of 260 basis points compared to the first quarter 2023, contributing to an operating income of $112.9 million[11] - Adjusted EBITDA for the first quarter 2024 was $212.2 million, representing 22.3% of sales, an increase of 550 basis points year-over-year[3] - Sales for Q1 2024 reached $950.7 million, a 78.5% increase from $531.5 million in Q1 2023[30] - Gross profit for Q1 2024 was $302.3 million, compared to $149.3 million in Q1 2023, reflecting a gross margin improvement[30] - Net income attributable to Chart Industries, Inc. for Q1 2024 was $11.3 million, a significant recovery from a net loss of $15.0 million in Q1 2023[30] - Basic earnings per share from continuing operations for Q1 2024 was $0.16, compared to a loss of $0.54 in Q1 2023[30] - Operating income for Q1 2024 was $112.9 million, up from $34.6 million in Q1 2023[30] - Consolidated sales for the three months ended March 31, 2024, reached $950.7 million, a significant increase from $531.5 million in the same period of 2023, representing a growth of 78.6%[40] - Gross profit for the consolidated operations was $302.3 million for the three months ended March 31, 2024, compared to $149.3 million in the prior year, resulting in a gross profit margin of 31.8%, up from 28.1%[40] - Orders for consolidated operations totaled $1,121.6 million for the three months ended March 31, 2024, compared to $740.7 million in the same period of 2023, indicating a year-over-year increase of 51.4%[44] - Operating income for consolidated operations was $112.9 million for the three months ended March 31, 2024, compared to $34.6 million in the same period of 2023, reflecting a substantial increase of 226.4%[40] - Adjusted earnings per common share for Q1 2024 was $1.49, compared to $1.38 in Q1 2023 and $2.25 in Q4 2023[47] - The company reported a total EBITDA of $175.3 million for Q1 2024, significantly higher than $65.8 million in Q1 2023[55] - Adjusted EBITDA as a percentage of sales for Q1 2024 was 22.3%, indicating strong operational efficiency[58] Cash Flow and Guidance - The company reiterated its full year 2024 sales guidance of $4.7 to $5.0 billion and adjusted EBITDA guidance of $1.175 to $1.30 billion[21] - Free cash flow (FCF) guidance for 2024 is set at $575 million to $625 million, defined as operating cash flow less capital expenditures[21] - The first quarter 2024 recorded a negative free cash flow of $135.7 million due to specific cash outflows, including $24 million for the completion of the Teddy2 facility[17] - The company reported a net cash used in operating activities of $95.1 million for Q1 2024, compared to a cash outflow of $32.1 million in Q1 2023[33] - The company reported a net cash provided by financing activities of $143.9 million for the three months ended March 31, 2024, compared to $1,967.8 million in the same period of 2023[34] - Free cash flow for Q1 2024 was $(135.7) million, a decline from $7.2 million in Q1 2023 and $110.1 million in Q4 2023[49] Operational Capacity and Strategy - The company has 64 global manufacturing locations and over 50 service centers, enhancing its operational capacity[29] - Chart Industries is focused on expanding its technology and services related to liquefied natural gas, hydrogen, and CO2 capture[29] - The company is committed to excellence in environmental, social, and corporate governance (ESG) issues, which is a key part of its strategy[29] - The company anticipates mid-teens organic revenue growth through 2026 and a reported gross profit margin in the mid-30% range by 2026[23] Assets and Liabilities - Cash and cash equivalents at the end of the period were $195.5 million, a slight decrease from $201.1 million at the end of the previous quarter[34] - Total assets increased to $9,247.9 million as of March 31, 2024, compared to $9,102.4 million at the end of 2023, marking a growth of 1.6%[38] - Total liabilities rose to $6,353.6 million as of March 31, 2024, up from $6,163.4 million at the end of 2023, indicating an increase of 3.1%[38] Segment Performance - The company achieved a record gross profit margin of 46.7% in the Repair, Service and Leasing segment, an increase of 1,450 basis points compared to the first quarter 2023[16] - The gross profit margin for the Cryo Tank Solutions segment improved to 20.5% for the three months ended March 31, 2024, compared to 17.4% in the same period of 2023[40] - The sales from Cryo Tank Solutions segment were $205.6 million, while Heat Transfer Systems contributed $255.2 million to the consolidated sales[54] - The company experienced a divestiture impact of $(9.8) million across various segments, which was accounted for in the pro forma sales figures[54]

Investors are always looking for stocks that are poised to beat at earnings season and Chart Industries, Inc. (GTLS) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.That is because Chart Industries is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a p ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth stocks with the help of the Z ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, April 30:Pilgrim's Pride Corporation (PPC) : This poultry and meat processing company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.6% over the last 60 days.Pilgrim's Pride Corporation has a price-to-earnings ratio (P/E) of 11.88 compared with 16.40 for the industry. The company possesses a Value Score of A.Chart Industries, Inc. (GTLS) : ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Chart Industries (GTLS) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on May 3. O ...