What does Chart Industries do and what are its main business segments?

What is Chart Industries's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Chart Industries year over year?

What is Chart Industries's gross profit margin?

What were the key takeaways from Chart Industries’s earnings call?

What is the market's earnings forecast for Chart Industries next quarter?

What guidance did Chart Industries's management provide for the next earnings period?

What factors drove the changes in Chart Industries's revenue and profit?

- **Q1 2025 Strong Growth:** Orders up 17.3% YoY, sales +6.6%, and gross margin at 33.9%.
- **Tariff Mitigation Success:** Reduced 2025 impact to $34 million (from $50M) via regional sourcing and exemptions.
- **Data Center Expansion:** $400M pipeline with focus on cryogenic cooling and fans.
- **LNG Pipeline Potential:** $1B in potential orders over next 12 months.
- **Aftermarket Resilience:** RSL orders +36.1% YoY, with e-commerce spares up 9%.
- **2025 Guidance Confirmed:** Sales $4.65-4.85B, EBITDA $1.175-1.225B, targeting net leverage <2.5 by year-end.

**【CEO Summary Section】**
- Q1 2025 orders reached $1.32 billion, up 17.3% YoY, driven by Woodside Louisiana LNG Phase 2 and record orders in nuclear, marine, and HLNG vehicle tanks.
- Sales of $1 billion grew 6.6% organically, with three of four segments showing growth.
- Gross margin improved to 33.9%, marking the fourth consecutive quarter above 33%.
- Adjusted EBITDA rose 80 basis points to 23.1% of sales, with free cash flow improving by $55.6 million YoY despite seasonal outflows.
- Full year 2025 guidance: $4.65-$4.85 billion in sales and $1.175-$1.225 billion in adjusted EBITDA.
- Tariff mitigation efforts include regional sourcing, exemptions, and price adjustments, with estimated remaining 2025 impact of $34 million if unmitigated.

**【CFO Financial Commentary】**
- Q1 2025 revenue increased 5.3% YoY, with adjusted operating profit up 16% and margin expanding 190 basis points to 19.9%.
- Specialty Products gross margin reached 30.3%, the first quarter above 30% since 2022.
- Free cash flow was negative $80.1 million due to seasonal payments, but 2025 free cash flow guidance remains $550-$600 million.
- Net leverage ratio of 2.91 as of Q1, targeting 2.0-2.5 by year-end.

**【Segment Highlights】**
- **Cryo Tank Solutions (CTS):** Q1 orders down 4.2% YoY but up 10% sequentially, with adjusted operating margin improving 220 basis points to 12.7%.
- **Heat Transfer Systems (HTS):** Orders down 7% YoY, but sales up 5.4% driven by LNG and data center backlog.
- **Specialty Products:** Orders up 24.6% YoY, with sales growth of 16.7% and margin expansion of 560 basis points.
- **Repair Service & Leasing (RSL):** Orders up 36.1% YoY, with adjusted operating margin of 32.4% despite timing-related declines in spare sales.

**【Tariff Mitigation】**
- Estimated annual gross impact of $50 million, reduced to $34 million for remaining 2025 if unmitigated.
- Actions include regional sourcing, exemptions (e.g., aluminum parting sheets duty-free until Sept 2025), and price adjustments.
- 80% of steel sourced domestically, with ability to pass through cost increases to customers.

**【Q&A Key Takeaways】**
- **China Exposure:** Minimal imports from U.S., with manufacturing focused on industrial gas and power gen in China. Recent exemptions reduced gross exposure by 40%.
- **Data Center Growth:** $400 million pipeline over 12-18 months, driven by cryogenic cooling, air coolers, and fans.
- **LNG Pipeline:** $1 billion potential orders in next 12 months, excluding ExxonMobil Mozambique project.
- **Aftermarket Resilience:** RSL orders up 36.1% YoY, with 10.7% expansion in service agreements and 9% growth in e-commerce spares.
- **Seasonality:** Expect sequential improvement in revenue and margins, consistent with historical trends.


Chart Industries (GTLS)-1 May 25-2025 Q1 Earnings call transcript

- **Revenue Growth Accelerates**: Q4 2024 revenue up 10.8% YoY, full year organic growth 16.9%. Free cash flow $388M reduces net leverage to 2.8x.
- **Order Pipeline Soars**: Q4 orders $1.55B (+29% YoY), including Phase 1 Woodside LNG and $60M space exploration orders in Q1 2025.
- **HTS Margin Leadership**: Q4 HTS gross margin 31.8%, highest in company history, driven by LNG and traditional energy.
- **Specialty Growth**: Specialty sales +47.7% YoY, targeting 29%+ gross margin in 2025. Space exploration and carbon capture key growth engines.
- **LNG Expansion**: Woodside Louisiana LNG pipeline >$1.5B, with Phase 2 expected in 2025. IPSMR technology gains traction globally.
- **Hydrogen Momentum**: Europe leading hydrogen storage demand, U.S. IRA clarifications accelerate projects, aligning with 7-10% CAGR target.


**【CEO Summary Section】**
- **Revenue Growth**: Q4 2024 revenue of $1.11 billion (+10.8% YoY), full year organic growth of 16.9%. Full year free cash flow of $388 million, reducing net leverage to 2.8x (target 2.0-2.5x by 2025).
- **Order Momentum**: Q4 orders $1.55 billion (+29.4% YoY), full year orders $5 billion (+13% YoY). Key wins include Phase 1 Woodside Louisiana LNG ($1.55B+ pipeline), Energy Transfer NRU, and $60M space exploration orders in Q1 2025.
- **Segment Performance**: 
  - **HTS**: Q4 orders $536M (+66% YoY), driven by LNG and traditional energy. Gross margin 31.8%, highest in company history.
  - **Specialty**: Q4 sales $317M (+47.7% YoY), growth in carbon capture, hydrogen, and space exploration. Full year gross margin 27% (29% ex-inefficiencies).
  - **RSL**: Q4 sales $351M (+4% YoY), 33% of total business. Target 10%+ growth via digital uptime, service agreements, and global expansion.
- **2025 Outlook**: Revenue growth across all segments, with HTS and Specialty leading. Target 60%+ backlog conversion, mid-30s gross margin medium-term.

**【CFO Financial Commentary】**
- **Q4 Financials**: Adjusted EBITDA $283.6M (25.6% of sales), full year EBITDA $1.014B (24.4% margin). Free cash flow $261M, reducing net debt.
- **Cash Management**: CapEx $110M+ in 2025, no share buybacks until net leverage <2.5x. Settled $200M convertible notes, no balance sheet impact from HTech option until 2028.
- **Tariff Mitigation**: Flexible U.S.-based supply chain (largest brazed aluminum heat exchanger furnaces, cryogenic fabrication). Tariff impacts within EBITDA range.

**【Q&A Key Themes】**
- **LNG Growth**: Phase 1 Woodside LNG ($1.55B+ pipeline) expected to drive 2025 HTS growth. IPSMR technology gaining traction, with Cheniere's Corpus Christi Stage 3 achieving >nameplate capacity.
- **Specialty Margin**: Specialty gross margin could reach 29%+ in 2025 (ex-prior inefficiencies). Space exploration orders ($60M Q1 2025) and carbon capture projects key drivers.
- **China Exposure**: CTS orders resilient despite China industrial gas slowdown. Global diversification and regional supply chain mitigate risk.
- **Hydrogen Market**: Europe leading hydrogen storage and compression demand. U.S. IRA clarifications (45V) expected to accelerate projects, aligning with 7-10% CAGR target.


Chart Industries (GTLS)-28 Feb 25-2024 Q4 Earnings call transcript

Chart Industries (GTLS)-1 Nov 24-2024 Q3 Earnings call transcript

Chart Industries (GTLS)-2 Aug 24-2024 Q2 Earnings call transcript

Chart Industries (GTLS)-3 May 24-2024 Q1 Earnings call transcript

Chart Industries (GTLS)-28 Feb 24-2023 Q4 Earnings call transcript

Chart Industries (GTLS)-27 Oct 23-2023 Q3 Earnings call transcript

Chart Industries (GTLS)-28 Jul 23-2023 Q2 Earnings call transcript

Chart Industries (GTLS)-28 Apr 23-2023 Q1 Earnings call transcript

Chart Industries (GTLS)-24 Feb 23-2022 Q4 Earnings call transcript

Chart Industries (GTLS)-28 Oct 22-2022 Q3 Earnings call transcript

Chart Industries (GTLS)-29 Jul 22-2022 Q2 Earnings call transcript

Chart Industries (GTLS)-29 Apr 22-2022 Q1 Earnings call transcript

Chart Industries (GTLS)-24 Feb 22-2021 Q4 Earnings call transcript

Chart Industries (GTLS)-21 Oct 21-2021 Q3 Earnings call transcript

Chart Industries (GTLS)-22 Jul 21-2021 Q2 Earnings call transcript

Chart Industries (GTLS)-22 Apr 21-2021 Q1 Earnings call transcript

Chart Industries (GTLS)-18 Feb 21-2020 Q4 Earnings call transcript

Chart Industries (GTLS)-22 Oct 20-2020 Q3 Earnings call transcript

Chart Industries (GTLS)-23 Jul 20-2020 Q2 Earnings call transcript

Chart Industries (GTLS)-23 Apr 20-2020 Q1 Earnings call transcript

Chart Industries (GTLS)-13 Feb 20-2019 Q4 Earnings call transcript

Chart Industries (GTLS)-17 Oct 19-2019 Q3 Earnings call transcript

Chart Industries (GTLS)-18 Jul 19-2019 Q2 Earnings call transcript

Chart Industries (GTLS)-18 Apr 19-2019 Q1 Earnings call transcript

Chart Industries (GTLS)-14 Feb 19-2018 Q4 Earnings call transcript

Chart Industries (GTLS)-18 Oct 18-2018 Q3 Earnings call transcript

Chart Industries (GTLS)-19 Jul 18-2018 Q2 Earnings call transcript

Chart Industries (GTLS)-19 Apr 18-2018 Q1 Earnings call transcript

Chart Industries (GTLS)-22 Feb 18-2017 Q4 Earnings call transcript

Chart Industries (GTLS)-26 Oct 17-2017 Q3 Earnings call transcript

Actual											0.57	0.63	0.63	1.27	0.8	0.8	0.55	0.73	0.65	0.88	1.49	1.67	1.41	1.19	1.28	2.25	1.49	2.18	2.18	2.66	1.86	2.59	2.78
Forecast											0.5088	0.394	0.6134	0.7685	0.6976	0.7995	0.8374	0.6945	0.5535	0.8401	1.3059	1.6496	0.347	0.9457	1.4786	2.1079	1.5821	2.4756	2.5008	3.1561	1.8314	2.4926	3.0312
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+12.03%	+59.90%	+2.71%	+65.26%	+14.68%	+0.06%	-34.32%	+5.11%	+17.43%	+4.75%	+14.10%	+1.24%	+306.34%	+25.83%	-13.43%	+6.74%	-5.82%	-11.94%	-12.83%	-15.72%	+1.56%	+3.91%	-8.29%

Actual	--	--	--	--	--	--	--	--	--	--	321.10M	310.40M	273.20M	312.40M	288.50M	322.00M	328.30M	378.90M	354.10M	404.80M	412.10M	441.40M	537.90M	908.10M	897.90M	1.01B	950.70M	1.04B	1.06B	1.11B	1.00B	1.08B	1.10B
Forecast	--	--	--	--	--	--	--	--	--	--	328.22M	293.87M	300.59M	304.66M	306.82M	318.46M	347.22M	374.62M	354.90M	390.49M	448.36M	491.59M	475.67M	971.28M	1.03B	1.10B	969.83M	1.11B	1.10B	1.17B	1.00B	1.11B	1.18B
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-2.17%	+5.63%	-9.11%	+2.54%	-5.97%	+1.11%	-5.45%	+1.14%	-0.23%	+3.67%	-8.09%	-10.21%	+13.08%	-6.50%	-13.03%	-7.47%	-1.97%	-6.40%	-3.27%	-5.08%	-0.05%	-2.08%	-7.06%

GTLS

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GTLS Q3 2025 Earnings

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GTLS

GTLS fundamentals

GTLS Q3 2025 Earnings

Earnings Call

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GTLS Earnings Call Summary for Q3/20248:30 AM on Nov 1, 2024

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