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Chart Industries Inc - GTLS STOCK NEWS

Welcome to our dedicated news page for Chart Industries (Ticker: GTLS), a resource for investors and traders seeking the latest updates and insights on Chart Industries.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Chart Industries's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Chart Industries's position in the market.

News
Chart Industries Completes Divestiture of Cofimco to PX3 Partners
Rhea-AI Summary
Chart Industries, Inc. has completed the sale of Cofimco s.r.l. to PX3 Partners for $80 million in cash.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.2%
Tags
none
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News
Chart Industries Reports Record 2023 Third Quarter Financial Results and Completes Divestiture of American Fan for $111 million
Rhea-AI Summary
Chart Industries reports strong Q3 2023 results, with record backlog and orders. Sales of $897.9 million increased 9.8% YoY. Gross profit as a percent of sales was 30.8%, adjusted for one-time items, 31.8%. Operating income increased 9.1% QoQ. Adjusted EBITDA was $195.0 million, up 440 bps YoY. Full-year sales guidance updated to $3.45 billion to $3.50 billion, adjusted EBITDA $745 million to $760 million, adjusted FCF $335 million to $350 million, adjusted EPS $6.05 to $6.25. 2024 outlook remains strong. Backlog at a record $4.1 billion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.87%
Tags
earnings
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News
Chart Industries Divests American Fan to Fairbanks Morse Defense
Rhea-AI Summary
Chart Industries, Inc. has divested its American Fan business to Fairbanks Morse Defense for $111 million in an all-cash deal. The divestiture is part of Chart's debt reduction plan, with proceeds totaling approximately $500 million in 2023. The sale will support Chart's target net leverage ratio range of 2.5 to 2.9 by mid-2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-24.87%
Tags
none
News
Chart Industries Schedules Third Quarter 2023 Earnings Release and Conference Call
Rhea-AI Summary
Chart Industries, Inc. (NYSE: GTLS) has scheduled a conference call on October 27th to discuss its third quarter 2023 financial results. The company will also hold its 2023 Investor Day on November 28th at the New York Stock Exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.14%
Tags
earnings
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News
Chart Industries Announces Favorable Repricing of Term Loan Facility
Rhea-AI Summary
Chart Industries, Inc. has successfully syndicated the repricing of its $1,781 million senior secured term loan facility, resulting in a reduction of 0.50% per annum compared to the previous margin. This is expected to result in cost savings of approximately $9 million in annual interest expense on the Term Loan. The repricing is an important step in optimizing the company's capital structure and has received strong lender demand. The transaction is expected to close in October 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.08%
Tags
none
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News
Chart Industries to Present at CL King’s Best Ideas Conference
Rhea-AI Summary
Chart Industries, Inc. to present at CL King’s Annual Best Ideas Conference 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
Tags
conferences
News
HYZON MOTORS SUCCESSFULLY COMPLETES FIRST CUSTOMER DEMO OF LIQUID HYDROGEN FUEL CELL ELECTRIC TRUCK
Rhea-AI Summary
Successful completion of Hyzon's first commercial run with a liquid hydrogen fuel cell electric vehicle (LH2 FCEV) demonstrates the viability of on-board liquid hydrogen to fuel long-distance, zero-emission transport. Liquid hydrogen allows Hyzon to increase the amount of fuel on board significantly. Liquid hydrogen as a fuel source has been estimated to be up to $5 per kilogram less expensive all-in to dispense than high-pressure gaseous hydrogen, providing meaningful benefits to fleet owners. Hyzon sees liquid hydrogen as the economical approach to long-range zero-emission trucking.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.87%
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none
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News
EDDYLINE BREWING IS THE FIRST NEW ZEALAND BREWERY TO INSTALL CHART INDUSTRIES’ EARTHLY LABS CO2 CAPTURE TECHNOLOGY
Rhea-AI Summary
Eddyline Brewery becomes the first craft brewery in New Zealand to implement Chart Industries' carbon capture technology to reduce greenhouse gas emissions. They have won 18 medals at the New Zealand Beer Awards for their beers powered by recovered CO2.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.56%
Tags
none
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News
Chart Industries completes the sale of its Roots™ business to Ingersoll Rand
Rhea-AI Summary
Chart Industries, Inc. closes sale of Roots business to Ingersoll Rand for $300 million, using proceeds for debt paydown. Expects to reach target net leverage ratio by mid-2024 and achieve cost and commercial synergy targets of $175 million and $150 million respectively.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none
News
Ingersoll Rand Completes Acquisition of Roots from Chart Industries
Rhea-AI Summary
Ingersoll Rand completes acquisition of Howden Roots LLC for $300 million, expanding their product portfolio with low-pressure compression and vacuum technologies.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
acquisition
Stock GTLS logo
Chart Industries Inc

NYSE:GTLS

GTLS Rankings

#1048 Ranked by Market Cap
#4681 Ranked by Stock Gains
N/A Ranked by Dividends

GTLS Stock Data

6.49B
41.29M
0.56%
124.14%
14.31%
Iron and Steel Forging
Manufacturing
Link
US
Ball Ground

About GTLS

'you may never use the products we make, but everyone uses the products we make possible.'​ our focus is cryogenics. chart is a recognized global brand for the design and manufacture of highly engineered cryogenic equipment used from the beginning to the end in the liquid gas supply chain. chart products are critical components in the separation of oxygen, nitrogen and noble gases from air and in the processing and liquefaction of natural gas. our distribution and storage products and engineered systems are fundamental to the delivery and end-use of liquid gases across a multitude of applications in industry and for energy. in the life sciences sector chart's mve® brand is the benchmark for biological storage systems, used for the cryogenic preservation of human and animal tissues. chiefly through our caire® and airsep® brands, chart is the leading provider of respiratory products for the home healthcare market. chart has domestic operations in eight us states and international enginee