Chart Industries gains on FY profit forecast above estimates

Chart Industries

28/02/2024 16:41

** Shares of engineered equipment manufacturer Chart
Industries  GTLS.N  gain 11.4% to $146.29 
    ** Co forecasts FY24 adj. EPS in the range of $12 to $14,
the mid-point of which is above analysts' estimate of $10.88 -
LSEG
    ** Q4 adj. EPS of $2.25 beats analysts' estimate of $2.08 
    ** Brokerage TD Cowen flags co's record Q4 backlog of $4.3
bln as 'positive' 
    ** 2024 outlook reflects our record backlog and exposure to
secular growth trends - CEO Jill Evanko
    ** However, co's Q4 sales of $1.02 bln miss estimates 
    ** Stock gained 18.3% in 2023; 7.6% YTD 

 (Reporting by Purvi Agarwal in Bengaluru)
 ((Purvi.Agarwal@thomsonreuters.com))