Welcome to our dedicated page for Chart Industries news (Ticker: GTLS), a resource for investors and traders seeking the latest updates and insights on Chart Industries stock.
Chart Industries, Inc. reports developments tied to energy and industrial gas solutions, including process technologies and equipment for gas and liquid molecule handling. Company updates commonly cover stationary and rotating equipment used across the liquid gas supply chain, with applications in liquefied natural gas, hydrogen, biogas, CO2 capture, clean water, clean food, clean power, and industrial processes.
Recurring news themes include operating and financial results, capital-structure matters, material agreements, shareholder voting topics, governance changes, and project awards for equipment such as air-cooled heat exchangers, brazed aluminum heat exchangers, and cold boxes. Chart’s disclosures also address service, repair, installation, preventive maintenance, and digital monitoring activities across its global manufacturing and service footprint.
Chart Industries reported strong second quarter 2020 results, achieving $267.6 million in orders, with June marking the highest order month of the year. Key highlights include a gross margin increase to 29.8% and $61.2 million in annualized cost savings initiated. Adjusted earnings per share reached $0.63, while medical oxygen-related orders rose by 23.9%. The company anticipates 2020 revenues between $1.3 billion and $1.4 billion, supported by growth in LNG and hydrogen markets. Their backlog stands at $697.3 million, including significant utility-scale contracts.
Chart Industries has scheduled a conference call for July 23, 2020, at 9:30 a.m. ET to discuss its Q2 2020 financial results. The earnings release will be issued prior to market open on the same day. Participants can join by dialing provided phone numbers or via the webcast on the investor relations website. A replay of the call will be available for one week following the event, reflecting Chart's commitment to transparency and shareholder communication.
Chart Industries (GTLS) provided a mid-second quarter update, reporting $15.5 million in net cash from operations and $12.6 million in free cash flow for April 2020. The company completed a five-year agreement with a major industrial gas customer and booked orders from 67 new customers during April and May. Year-to-date cost reductions total $60.7 million. Despite challenges in oil-related products, demand for clean energy solutions remains strong, with significant orders expected in the coming months, including a small-scale LNG terminal.
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