Chart Industries Stock Price, News & Analysis

Chart Industries (NYSE: GTLS) hosted its Investor Day at the New York Stock Exchange on May 5, 2022, showcasing a positive outlook. Highlights include a projected revenue CAGR exceeding 17% through 2025, and an anticipated adjusted earnings CAGR over 25%. The company reported new orders for LNG projects and expansion of its capital allocation strategy, including growth in manufacturing and service capabilities. Additionally, Chart completed the acquisition of AdEdge India, enhancing its global presence in water treatment, and announced an innovative carbon capture project in partnership with Aalborg University.

Chart Industries, NYSE: GTLS, reported record orders of $636.8 million in Q1 2022, marking a 22.7% increase in sales to $354.1 million. The backlog hit $1,477.0 million, 58.1% higher year-on-year. Key highlights include a Letter of Intent with Greenstone Renewables for a renewable solar hydrogen project and a revised yearly revenue outlook of $1.725 billion to $1.85 billion. Despite challenges in logistics and material costs, the company anticipates adjusted EPS between $5.35 and $6.50 for 2022, signaling strong demand amid geopolitical influences.

Chart Industries, Inc. (NYSE: GTLS) is hosting an Investor Day on May 5, 2022, at the New York Stock Exchange. The event will cover the company's strategic outlook, ESG activities, and commercial opportunities, featuring key executives including CEO Jill Evanko. Registration is required by April 25, 2022. A live webcast will be available for those unable to attend in person, along with presentation materials. Chart Industries specializes in engineered equipment for the energy and industrial gas markets, focusing on clean energy solutions.

Chart Industries, Inc. (NYSE: GTLS) has announced a conference call to discuss its first quarter 2022 financial results on April 29, 2022, at 8:30 a.m. ET. The earnings release will be published prior to market open on the same day. Participants can join via phone or through a webcast available on the company's investor relations website. A replay of the call will also be accessible shortly after its conclusion until May 6, 2022. Chart Industries specializes in manufacturing equipment for the Energy and Industrial Gas sectors, contributing to the clean energy transition.

Chart Industries (NYSE: GTLS) announced an order worth $45 million for six brazed aluminum heat exchanger assemblies and cold boxes for the Plaquemines Phase 2 LNG export terminal project, managed by Venture Global. This order marks the initial phase of a larger project expected to include a total of 18 assemblies. The company’s capacity to fulfill this order could strengthen its position in the clean energy sector, addressing critical market demands for liquefied natural gas.

Chart Industries (NYSE: GTLS) announced it has received a limited notice to proceed for its IPMSR® process and equipment for Cheniere’s Corpus Christi Stage Three LNG project. This includes a $47.5 million order from Bechtel, with revenue recognition starting in 2022 and a staggered delivery schedule.

The announcement highlights Chart's ongoing role in the liquefied natural gas market, amidst potential risks from global supply chain challenges and market acceptance issues for clean energy products.

Chart Industries (NYSE: GTLS) has received the full notice to proceed for producing cold boxes and heat exchangers for Venture Global's 10 MTPA Plaquemines Phase 1 LNG export terminal. This comes with a significant equipment order worth $136 million from Baker Hughes, allowing Chart to start recognizing revenue in 2022 with staggered deliveries.

Forward-looking statements indicate anticipated revenue growth, although potential risks, including supply chain challenges and market acceptance, may impact performance.