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GTLS PR B — Chart Industries News Story

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Chart Industries Q2 profit beats estimates

Overview

Chart Industries Q2 sales rise 4% yr/yr, just missing analyst expectations, per LSEG data

Adjusted EPS for Q2 beats analyst estimates, rising 18.8% yr/yr, per LSEG data

Company withdraws 2025 guidance due to proposed acquisition by Baker Hughes

Outlook

Chart Industries withdraws 2025 guidance due to Baker Hughes acquisition proposal

Result Drivers

ORDER GROWTH - Orders increased 28.6% yr/yr, driven by demand in hydrogen, LNG, and space exploration segments

SALES MIX - Sales growth attributed to solutions and aftermarket sales, despite missing analyst expectations

ADJUSTED EPS - Adjusted EPS rose 18.8%, beating analyst estimates

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 SalesMiss$1.08 bln$1.11 bln (12 Analysts)
Q2 Adjusted EPSBeat$2.59$2.46 (14 Analysts)
Q2 EPS$1.53
Q2 Operating income$169.50 mln
Q2 Orders$1.50 bln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell" The average consensus recommendation for the industrial machinery & equipment peer group is "buy" Wall Street's median 12-month price target for Chart Industries Inc is $205.00, about 16.3% above its July 28 closing price of $171.65 The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago Press Release: ID:nGNXc9xrhZ (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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