Chart Industries, Inc. - GTLS STOCK NEWS

Chart Industries (NYSE: GTLS) reported strong Q3 2024 results with sales of $1.06 billion, up 22.4% year-over-year. Orders reached $1.17 billion, increasing 5.4%. The company achieved record reported gross profit margin of 34.1% and adjusted operating margin of 22.2%. Free cash flow was $174.6 million, contributing to a net leverage ratio reduction to 3.04.

Key financial metrics include reported EBITDA of $248.4 million (23.4% of sales) and adjusted EBITDA of $260.7 million (24.5% of sales). The company reported diluted EPS of $1.34 and adjusted diluted EPS of $2.18. For full-year 2024, Chart expects sales of $4.20-4.30 billion and adjusted EBITDA of $1.015-1.045 billion.

ExxonMobil, representing Mozambique Rovuma Venture (MRV), has chosen Chart Industries' (NYSE: GTLS) IPSMR® liquefaction technology and proprietary equipment for the Rovuma LNG project located at the Afungi peninsula in Mozambique. The project will produce, liquefy, and market natural gas from the Area 4 block in the offshore Rovuma Basin. It includes constructing 12 modules, each with a capacity of 1.5 MTA, totaling 18 million tonnes annually, alongside associated onshore facilities. This selection aims to enhance project competitiveness, reliability, and reduce GHG emissions. MRV is a joint venture owned by ExxonMobil, Eni, and CNPC, holding a 70% interest in Area 4, with ENH, KOGAS, and Galp each holding 10%.

Chart Industries, Inc. (NYSE: GTLS), a global leader in energy and industrial gas solutions, has announced its plans to release third quarter 2024 financial results on November 1, 2024. The company will hold a conference call at 8:30 a.m. ET on the same day to discuss the results. Interested participants can join the live Q&A session via phone or access a live webcast on the company's investor relations website. The earnings release will be issued prior to market open on November 1st.

For those wishing to dial in, the toll-free number for North America is (+1) 800 549 8228, while the toll number for North America and other locations is (+1) 289 819 1520. The conference ID is 35817. A replay of the call will be available until December 1, 2024, accessible at 1-888-660-6264 with passcode 35817.

Chart Industries (NYSE: GTLS) has announced its upcoming Capital Markets Day scheduled for November 12, 2024, from 9:00 a.m. to 11:00 a.m. eastern time at the New York Stock Exchange. The event will be accessible both in-person and via webcast on the company's investor relations website. Following this, Chart will participate in Baird's 2024 Global Industrial Conference in Chicago on November 13, 2024, meeting with institutional investors.

Additionally, Chart has released a presentation for discussion at the Barclays 38th Annual CEO Energy-Power Conference on September 4, 2024, at 2:25 p.m. eastern time. Investors can access the live webcast, replay, and presentation slides on Chart's investor relations website.

Chart Industries (NYSE: GTLS) has announced a partnership with Element Resources to advance the adoption of hydrogen and clean fuels using an 'eco-system' approach. The collaboration aims to build out hydrogen fuel supply, distribution, storage, transportation, and end-user facilities. This partnership follows Chart's selection by Element in March 2024 to supply equipment for the Lancaster Clean Energy Center project, the largest permitted renewable green hydrogen production facility in Lancaster, California.

The partnership leverages Chart's 158+ years of experience in hydrogen-related equipment and Element's expertise in green hydrogen production. Together, they aim to provide customers with a turnkey, full solution offering across the entire gaseous and liquid hydrogen value chain, potentially accelerating the adoption and deployment of hydrogen.

Opus One Winery, a pioneer in ultra-premium winemaking in Napa Valley, is expanding its deployment of Chart Industries' (NYSE: GTLS) carbon capture solutions for the third consecutive year. The winery plans to double the CO2 captured during the 2024 Harvest using Chart's Earthly Labs' CiCi (Oak) technology. This expansion will capture CO2 emitted during red wine fermentation, which is then purified, liquefied, and reused on-site to make dry ice, eliminating traditional transportation emissions.

Opus One will also pilot an upgraded visualization dashboard using the Chart Howden Uptime platform. The winery, which achieved Napa Green vineyard and winery certification in 2018, continues to demonstrate its commitment to environmentally conscious winemaking practices and decarbonization efforts.

Chart Industries, Inc. (NYSE: GTLS), a leading global provider of solutions for clean energy and industrial gas markets, has announced its participation in the Barclays 38th Annual CEO Energy-Power Conference in New York. The company's presentation is scheduled for September 4th, 2024, at 2:25 p.m. ET.

Key points:

• President and CEO Jill Evanko and CFO Joe Brinkman will attend meetings on September 4th
• A live webcast of the presentation will be available on Chart Industries' website
• A replay of the webcast will be accessible after the event concludes

This conference provides an opportunity for Chart Industries to showcase its position in the clean energy and industrial gas sectors to investors and industry professionals.

Chart Industries (NYSE: GTLS) reported record second quarter 2024 results, with sales up 18.8% to $1.04 billion and orders increasing 12.1% to $1.16 billion year-over-year. The company achieved record gross margin of 33.8%, up 310 basis points, and record adjusted EBITDA of $257.3 million (24.7% of sales). Adjusted diluted EPS was $2.18. Free cash flow was $88 million, with net leverage ratio reduced to 3.26.

Chart reiterated its 2024 outlook with sales expected between $4.45-$4.60 billion, adjusted EBITDA of $1.08-$1.15 billion, and adjusted EPS of $10.75-$11.75. The company also maintained its medium-term targets, including mid-teens organic revenue growth through 2026 and reported gross profit margin in the mid-30% range by 2026.

Chart Industries, Inc. (NYSE: GTLS) announces the successful delivery of First LNG at New Fortress Energy's (NFE) Fast LNG project in Altamira, Mexico, using Chart's IPSMR® process technology. This milestone establishes FLNG as the fastest large-scale LNG project ever developed. NFE's proprietary Fast LNG design combines Chart's modular liquefaction technology with offshore infrastructure, enabling faster deployment than traditional facilities.

The project has a production capacity of 1.4 MTPA in a single train, equivalent to approximately 70 TBtus. This development positions NFE as a fully integrated leader in the global LNG market and will supply low-cost, clean LNG to NFE's downstream terminal customers. Chart Industries provided critical equipment, including brazed aluminum heat exchangers, cold boxes, and air coolers for the project.