Chart Industries Reports Fourth Quarter and Full Year 2024 Financial Results

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$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$647.5 million, with an adjusted operating income of $876.3 million, resulting in a 21.1$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$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]