Chart Industries Stock Price, News & Analysis

Chart Industries (NYSE: GTLS) and Howden have entered a Memorandum of Understanding (MOU) to collaborate on advanced hydrogen solutions. The partnership aims to integrate Howden's gas compression systems into Chart's hydrogen offerings, resulting in cost-effective and standardized solutions for customers. This collaboration is expected to enhance global aftermarket support and accelerate the commercialization of hydrogen projects in the coming decade. Both companies emphasize their commitment to customer satisfaction and reducing costs associated with renewable hydrogen development.

Chart Industries (NYSE: GTLS) has signed a Memorandum of Understanding with Hylium Industries to establish a joint venture focused on producing liquid hydrogen trailers in South Korea. The agreement includes a purchase order for three trailers, which will be designed and manufactured under Hylium's oversight, ensuring compliance with local regulations. CEO Jill Evanko emphasized the collaboration's potential to advance clean energy initiatives, while Hylium's CEO expressed optimism about enhancing Korea's hydrogen economy through this partnership.

Chart Industries reported strong financial results for Q3 2021, showcasing a record backlog of $1.1 billion and $350.2 million in orders, a 53.3% increase year-to-date. Sales reached $328.3 million, a 20.2% rise from Q3 2020. However, the full-year sales guidance decreased to $1.31-$1.33 billion, attributed to project timing shifts. The adjusted EPS guidance for 2021 is set at $2.75-$3.10. For 2022, a revenue outlook increase to $1.70-$1.85 billion is projected, reflecting anticipated continued demand and recent acquisitions.

Saulsbury has been awarded a contract for a pre-FEED study for a hydrogen liquefaction facility, enhancing its position in the hydrogen market. The company is collaborating with Chart Industries (NYSE: GTLS), leveraging over 50 years of hydrogen experience. This partnership aims to deliver preliminary designs and economic feasibility for the project. Saulsbury's reputation as a premier EPC provider is reinforced by this award, which supports its strategy to diversify into the renewable energy sector.

Chart Industries (NYSE: GTLS) announced collaboration with the IHE Delft Institute for Water Education to advance research on biological treatment processes using BlueInGreen’s SDOX^® technology. This partnership aims to enhance water treatment solutions, offering lower costs and increased efficiency. Notably, past research indicated SDOX^® achieves over 95% oxygen transfer efficiency. The initiative continues the commitment to sustainable innovation and knowledge-sharing in water treatment processes.

Chart Industries has signed a Memorandum of Understanding (MOU) with Ionada to collaborate on Carbon Capture and Sequestration (CCUS) projects. This non-exclusive agreement aims to leverage Ionada's carbon capture technology alongside Chart's CO2 storage systems to minimize the carbon footprint of the shipping industry. The collaboration aligns with the International Maritime Organization's goals for reducing emissions, targeting a 40% reduction in carbon intensity by 2030. Chart’s global manufacturing capabilities position it to support ship retrofits in numerous countries.

Chart Industries, Inc. (GTLS) has appointed Joe Brinkman as the new Vice President and Chief Financial Officer, effective October 1, 2021. Brinkman succeeds Scott Merkle, who is set to retire on October 1, 2022, and will assist in the transition. Brinkman has a 23-year history at Chart, previously serving as Vice President and General Manager of Industrial Gas Products. His responsibilities will include financial reporting and global sourcing. CEO Jill Evanko emphasized the strength of the leadership team and the importance of succession planning.

Chart Industries (NYSE: GTLS) has received a U.S. Department of Energy (DOE) funding award of $4,999,875 to develop its Sustainable Energy Solutions Cryogenic Carbon Capture™ (CCC) technology at a cement plant in Missouri. This initiative aims to capture over 95% of CO2 emissions, enhancing their existing relationship with the DOE. The project highlights the company's leadership in carbon capture technology, which was recently acknowledged by MIT and Exxon as a competitive solution. Chart anticipates a $6 billion addressable market by 2030.

Chart Industries, Inc. (GTLS) has scheduled a conference call for October 21, 2021, at 9:30 a.m. ET to discuss third quarter 2021 financial results. The earnings release will be issued prior to market open on the same day. Participants can join the call by dialing (877) 312-9395 in the U.S. or (970) 315-0456 internationally. A replay will be available on the investor relations website starting at 12:30 p.m. ET on October 21 until October 28. Chart Industries is a leading global manufacturer in the Energy and Industrial Gas markets.