Core Insights - Chart Industries reported $1.11 billion in revenue for Q4 2024, a 9% year-over-year increase, but fell short of the Zacks Consensus Estimate by 5.58% [1] - The EPS for the quarter was $2.66, compared to $2.25 a year ago, but also missed the consensus estimate of $3.19 by 16.61% [1] Financial Performance - Revenue and EPS figures indicate a mixed performance against Wall Street expectations, which is critical for investor decision-making [2] - The stock has returned -13.8% over the past month, underperforming the Zacks S&P 500 composite's -2.4% change [3] Backlog and Orders - Total backlog reached $4.85 billion, exceeding the average estimate of $4.51 billion [4] - Backlog for Heat Transfer Systems was $2.10 billion, above the estimated $1.88 billion [4] - Orders for Heat Transfer Systems were $536.10 million, significantly higher than the average estimate of $305.30 million [4] Sales Performance - Sales for Heat Transfer Systems were $288.80 million, slightly below the average estimate of $304.83 million, but showed a year-over-year increase of 13.2% [4] - Sales for Specialty Products were $316.90 million, compared to an average estimate of $327.82 million, reflecting a substantial year-over-year increase of 46% [4] - Sales for Cryo Tank Solutions were $150.20 million, missing the estimate of $169.81 million, marking a 27% decline year-over-year [4]

分组1 - Chart Industries reported quarterly earnings of $2.66 per share, missing the Zacks Consensus Estimate of $3.19 per share, representing an earnings surprise of -16.61% [1] - The company posted revenues of $1.11 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 5.58%, compared to year-ago revenues of $1.02 billion [2] - Chart Industries has not surpassed consensus EPS estimates over the last four quarters, indicating a trend of underperformance [2] 分组2 - The stock has lost about 4.5% since the beginning of the year, while the S&P 500 has declined by -0.3% [3] - The current consensus EPS estimate for the coming quarter is $2.23 on revenues of $1.04 billion, and for the current fiscal year, it is $12.57 on revenues of $4.69 billion [7] - The Zacks Industry Rank for Manufacturing - General Industrial is currently in the bottom 40% of over 250 Zacks industries, which may impact stock performance [8]

Financial Performance - Full year 2024 sales totaled $4.16 billion, reflecting a 17.5% organic growth, excluding foreign exchange impacts[9] - Adjusted operating income for full year 2024 was $876.3 million, resulting in a 21.1% adjusted operating income margin, an increase of 400 basis points compared to 2023[10] - Fourth quarter 2024 EBITDA was $283.6 million, representing a 25.6% margin, an increase of 190 basis points[4] - Q4 2024 sales reached $1,106.8 million, a 9% increase from $1,015.0 million in Q4 2023[37] - Full year 2024 sales totaled $4,160.3 million, up 24% from $3,352.5 million in 2023[37] - Gross profit for Q4 2024 was $372.3 million, compared to $334.3 million in Q4 2023, reflecting an increase of 11%[37] - Operating income for Q4 2024 was $188.3 million, a 20% increase from $156.0 million in Q4 2023[37] - Net income attributable to Chart Industries, Inc. for Q4 2024 was $79.6 million, up 60% from $49.8 million in Q4 2023[38] - Diluted earnings per share for Q4 2024 was $1.58, compared to $0.92 in Q4 2023, representing a 72% increase[38] - Adjusted earnings attributable to Chart Industries, Inc. for 2024 are projected to be $8.36 per share, reflecting strong operational performance[54] Orders and Backlog - Fourth quarter 2024 orders reached $1.55 billion, a 29.4% increase, contributing to a backlog of $4.85 billion[4] - Specialty Products orders in fourth quarter 2024 increased by 27.7% to $509.3 million, driven by significant growth in carbon capture and space exploration[21] - Heat Transfer Systems (HTS) orders in fourth quarter 2024 increased 66.3% to $536.1 million, marking a record for the segment[18] - Orders for consolidated products totaled $1,553.1 million in Q4 2024, a 28.5% increase from $1,209.1 million in Q4 2023[50] - The backlog as of December 31, 2024, was $4,845.1 million, up from $4,535.3 million as of September 30, 2024[50] Cash Flow and Assets - Full year 2024 free cash flow was $387.9 million, contributing to a net leverage ratio of 2.80 as of December 31, 2024[15] - Net cash provided by continuing operating activities reached $281.5 million in Q4 2024, compared to $128.7 million in Q4 2023, marking a 118.3% increase[41] - Cash and cash equivalents at the end of the period were $310.5 million, up from $201.1 million in 2023, a 54.4% increase[42] - Total current assets rose to $2,465.4 million as of December 31, 2024, compared to $2,214.4 million in 2023, reflecting an increase of 11.3%[46] - Inventories decreased to $490.5 million in 2024 from $576.3 million in 2023, a reduction of 14.9%[46] Debt and Investments - Long-term debt increased to $3,640.7 million in 2024 from $3,576.4 million in 2023, an increase of 1.8%[46] - The company reported a net cash used in investing activities of $(19.7) million in Q4 2024, compared to a net cash provided of $164.8 million in Q4 2023[41] - Capital expenditures for the year ended December 31, 2024, were $120.8 million, down from $135.6 million in 2023[59] Strategic Focus and Outlook - The company anticipates 2025 sales in the range of $4.65 billion to $4.85 billion, with adjusted EBITDA between $1.175 billion and $1.225 billion[25] - The company has over $2.0 billion in customer commitments not yet booked into backlog, supporting a strong demand outlook for 2025[12] - The company is focused on integrating the Howden acquisition to achieve anticipated revenue and earnings benefits[29] - Future growth may be impacted by supply chain challenges and geopolitical risks, including conflicts in the Middle East and Ukraine[29] - The company plans to discuss its Q4 2024 financial results in a conference call scheduled for February 28, 2025[33] Operational Efficiency - Full year 2024 gross margin improved to 33.4%, reflecting the positive impact of Chart Business Excellence initiatives[9] - Gross profit margin improved to 33.6% in Q4 2024, compared to 32.9% in Q4 2023[48] - Adjusted operating income (non-GAAP) for Q4 2024 was $243.4 million, compared to $213.4 million in Q4 2023, reflecting a 14.1% increase[64] - The operating income margin for Q4 2024 was 17.0%, up from 15.4% in Q4 2023[61] - Corporate operating loss decreased to $(45.0) million in Q4 2024 from $(39.3) million in Q4 2023, indicating improved cost management[48]

Core Insights - Chart Industries reported record orders of $1.55 billion in Q4 2024, driven by increasing global energy demand and a focus on U.S. LNG, resulting in a backlog of $4.85 billion for 2025 [4][5] - The company anticipates continued broad-based demand and strong aftermarket growth, aiming for a net leverage ratio below 2.5 in 2025 [4][15] - Full year 2024 sales reached $4.16 billion, a 17.5% increase compared to 2023, with significant contributions from various segments [6][9] Financial Performance - Q4 2024 sales of $1.11 billion grew 10.1% year-over-year, with a 29.4% increase in orders [6][5] - Adjusted operating income for Q4 2024 was $243.4 million, reflecting a 22.0% margin, up 90 basis points from the previous year [6][10] - Full year 2024 reported operating income was $647.5 million, with an adjusted operating income of $876.3 million, resulting in a 21.1% margin, a 400 basis point increase from 2023 [11][10] Segment Highlights - Specialty Products orders in Q4 2024 increased by 27.7% to $509.3 million, with sales growing 47.7% to $316.9 million [20][21] - Heat Transfer Systems achieved record orders of $536.1 million in Q4 2024, a 66.3% increase, with sales of $288.8 million growing 14.2% [18][19] - Repair, Service and Leasing segment orders grew 14.2% to $369.2 million in Q4 2024, with sales increasing 4.1% [22][23] Market Outlook - The company has over $2 billion in customer commitments not yet booked into backlog and a commercial pipeline of approximately $24 billion, indicating strong demand for 2025 [12] - Partnerships with major companies like ExxonMobil and Bloom Energy are expected to enhance growth in LNG and carbon capture technologies [13][14] - The anticipated sales range for 2025 is between $4.65 billion and $4.85 billion, with adjusted EBITDA expected between $1.175 billion and $1.225 billion [24][25]

Core Viewpoint - Analysts expect Chart Industries (GTLS) to report quarterly earnings of $3.19 per share, reflecting a year-over-year increase of 41.8%, with revenues projected at $1.17 billion, up 15.5% from the previous year [1] Financial Projections - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a collective reevaluation by analysts [1] - Analysts forecast 'Sales- Heat Transfer Systems' to reach $304.83 million, a year-over-year increase of 19.5% [4] - 'Sales- Cryo Tank Solutions' is expected to reach $169.81 million, reflecting a decrease of 17.4% from the prior-year quarter [4] - 'Sales- Repair, Service & Leasing' is estimated at $374.25 million, indicating a year-over-year change of 9.9% [4] - 'Sales- Specialty Products' is projected at $327.82 million, showing a significant year-over-year increase of 51.1% [5] Backlog Estimates - 'Backlog - Cryo Tank Solutions' is expected to reach $293.92 million, down from $361.90 million reported in the same quarter last year [5] - 'Backlog - Heat Transfer Systems' is projected at $1.88 billion, compared to $1.72 billion in the previous year [6] - 'Backlog - Specialty Products' is estimated at $1.78 billion, up from $1.63 billion year-over-year [6] - 'Backlog - Repair, Service & Leasing' is expected to be $569.40 million, down from $587.90 million in the same quarter last year [7] Orders Forecast - 'Orders - Heat Transfer Systems' is projected at $305.30 million, down from $324.70 million reported in the same quarter last year [7] - 'Orders - Specialty Products' is expected to be $365.33 million, compared to $399.80 million year-ago [8] - 'Orders - Repair, Service & Leasing' is estimated at $351.68 million, up from $328.40 million in the previous year [8] - 'Orders - Cryo Tank Solutions' is projected at $144.73 million, down from $157.60 million reported in the same quarter last year [9] Market Performance - Over the past month, Chart Industries shares have recorded a return of -9.9%, compared to the Zacks S&P 500 composite's -1.8% change [9] - Based on its Zacks Rank 3 (Hold), GTLS is expected to perform in line with the overall market in the upcoming period [10]

Technical Analysis - Chart Industries (GTLS) has recently reached a key level of support and has overtaken the 20-day moving average, indicating a short-term bullish trend [1] - The 20-day simple moving average is a popular trading tool that smooths out price fluctuations and provides trend reversal signals, beneficial for short-term traders [2] Performance Metrics - GTLS has moved 11.4% higher over the last four weeks, suggesting potential for further gains [3] - The company currently holds a Zacks Rank 3 (Hold), indicating a neutral outlook [3] Earnings Estimates - Positive earnings estimate revisions support the bullish case for GTLS, with no earnings estimates lowered in the past two months and one estimate raised for the current fiscal year [3] - The consensus estimate for earnings has also increased, reinforcing the positive outlook [4]

Core Viewpoint - Chart Industries, Inc. is set to discuss its fourth quarter and full year 2024 financial results in a conference call scheduled for February 28, 2025, at 8:30 a.m. ET, with earnings release prior to market open on the same day [1]. Company Overview - Chart Industries, Inc. is a global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling, focusing on clean power, clean water, clean food, and clean industrial applications [3]. - The company offers a unique product and solution portfolio used throughout the liquid gas supply chain, including engineering, service, repair, installation, preventive maintenance, and digital monitoring [3]. - Chart is a prominent provider of technology, equipment, and services related to liquefied natural gas, hydrogen, biogas, and CO2 capture, among other applications [3]. - The company operates 64 global manufacturing locations and over 50 service centers across various regions, including the United States, Asia, Australia, India, Europe, and South America [3]. - Chart Industries emphasizes accountability and transparency in its operations, focusing on environmental, social, and corporate governance issues [3].

ATLANTA, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) (“Chart”), a global leader in clean energy and industrial gas solutions, is proud to announce its recognition on Newsweek’s 2025 America’s Most Responsible Companies list. This marks the second consecutive year Chart has been recognized for its dedication to environmental, social, and governance (ESG) initiatives. The company ranks #287, moving up 250 spaces from our 2024 ranking. This year, Chart significantly improved its posit ...

Core Insights - Chart Industries, Inc. has been recognized on Newsweek's 2025 America's Most Responsible Companies list, marking its second consecutive year of recognition and a significant improvement in ranking from 537 in 2024 to 287 in 2025 [1][2][3] Company Performance - The company improved its ranking by 250 spaces, moving to 287 out of 600 companies nationwide, and achieved 32 in the Capital Goods sector out of 75 companies [2][3] ESG Commitment - The recognition reflects Chart's commitment to environmental, social, and governance (ESG) initiatives, with evaluations based on environmental stewardship, social impact, and corporate governance [3] - The CEO emphasized the company's dedication to innovation, sustainability, and the wellbeing of team members and communities [3] Company Overview - Chart Industries is a leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling, focusing on clean energy solutions [5] - The company operates 64 global manufacturing locations and over 50 service centers across various regions, maintaining accountability and transparency [5]

Core Viewpoint - Chart Industries has signed a global master goods and services agreement with ExxonMobil to provide LNG equipment, technology, and services for ExxonMobil's global projects [1][2]. Group 1: Agreement Details - The enabling agreement establishes the terms and commercial framework for Chart to supply LNG equipment, including cold boxes and proprietary IPSMR® process technology [2]. - The collaboration aims to optimize cost, schedule, and quality for LNG projects globally by deploying a design once and building multiple concepts [3]. Group 2: Company Insights - Chart Industries is recognized as a leader in clean energy and industrial gas solutions, focusing on LNG technology, hydrogen, biogas, and CO2 capture [5]. - The company operates 64 global manufacturing locations and over 50 service centers, emphasizing accountability and transparency in its operations [5]. Group 3: ExxonMobil Overview - ExxonMobil is one of the largest publicly traded international energy and petrochemical companies, focusing on improving quality of life and meeting evolving societal needs [6]. - The company has set ambitious greenhouse gas emission-reduction plans for 2030, aiming for a 20-30% reduction in corporate-wide greenhouse gas intensity compared to 2016 levels [7].