GTLS
Chart Industries, Inc.205.71
-0.23-0.11%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
9.25BP/E (TTM)
233.76Basic EPS (TTM)
0.88Dividend Yield
0%Recent Filings
8-K
8-K
Record orders amid acquisition
Chart Industries reported Q3 2025 results with record orders of $1.68 billion, up 43.9% year-over-year, fueled by LNG and data center demand, while sales rose 3.6% to $1.10 billion. A $266 million termination fee from the scrapped Flowserve merger dragged reported operating income to a $88.5 million loss, but adjusted figures showed $251.5 million income and 22.9% margin. Shareholders approved Baker Hughes' $210-per-share acquisition on October 6, eyeing a mid-2026 close. Deal costs hit cash flow hard.
10-Q
Q3 FY2025 results
Chart Industries posted Q3 sales of $1,100.6M, up 3.6% y/y but flat q/q, with gross margins steady at 34.1% thanks to Heat Transfer Systems' 38.5% surge on LNG and data center execution, offsetting dips elsewhere. Operating loss hit $88.5M, down sharply y/y from $178.5M income due to a $266M termination fee for scrapping the Flowserve deal, while net loss attributable to common shareholders reached $145.3M or $(3.23) per diluted share—anti-dilutive effects kept shares at 44.95M. YTD sales climbed 4.3% to $3,184.4M with operating income of $233.3M, but EPS fell to $(0.70) from $2.59 y/y. Cash swelled to $399.2M on $205.9M operating cash flow, minus $67.3M capex for $138.6M free cash flow (derived); total debt held at $3,649.3M with $737.7M revolver availability and covenant compliance. The Baker Hughes merger, approved by shareholders in October 2025 for $210/share cash, awaits antitrust nods under Hart-Scott-Rodino, potentially by mid-2026. Merger delays could strain operations amid antitrust scrutiny.
10-Q
Q2 FY2025 results
Chart Industries posted solid Q2 results, with sales climbing 4.0% year-over-year to $1,082.3 million, fueled by strong gains in Heat Transfer Systems (up 24.8% y/y) and Specialty Products (up 5.5% y/y), while Cryo Tank Solutions dipped 5.8% y/y and Repair, Service & Leasing fell 6.2% y/y due to softer field services. Gross margins held steady at 33.6%, but operating income edged up just 1.0% y/y to $169.5 million as higher SG&A costs offset gains; diluted EPS from continuing operations rose to $1.53, up from $1.10 y/y, reconciling cleanly with 45.15 million shares. Cash swelled to $342.3 million, with operating cash flow at $87.9 million YTD (up from $26.5 million y/y) and free cash flow of $43.9 million (derived); total debt stood at $3,667.2 million, with $752.1 million revolver availability and no covenant issues. Post-quarter, Chart inked a merger deal with Baker Hughes for $210 per share in cash, pending approvals, while terminating a prior Flowserve pact for a $266 million fee (mostly covered by Baker). Backlog hit $5,536.5 million, up 25.1% y/y. Regulatory hurdles could snag the deal.
8-K
Q2 orders up 28.6%
Chart Industries reported Q2 2025 results with orders surging 28.6% to $1.50 billion on strong hydrogen, LNG, and service demand, while sales rose 4.0% to $1.08 billion. Adjusted operating margin dipped to 21.1%, but free cash flow jumped 40.9% to $124.0 million, bolstering a net leverage of 2.85. Orders hit record highs in services. Yet, the company withdrew 2025 guidance amid Baker Hughes' proposed acquisition, spotlighting integration risks.
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