Chart Industries Q1 2025: Orders up 17.3%, Sales up 6.6% YoY.

• Chart Industries Q1 2025: orders up 17.3% to $1.32 bln, sales up 6.6% to $1 bln • Backlog reaches $5.14 bln for first time • Gross profit margin up 210 bps to 33.9% • Operating income up 15.2% to $152.3 mln • EBITDA up 21.5% to $215.2 mln • EPS up 99% to $0.99 • Digital data not mentioned in article

Chart Industries, Inc. (NYSE: GTLS) has reported robust financial results for the first quarter of 2025, marking significant growth across several key metrics. The company's orders increased by 17.3% to $1.32 billion, while sales rose by 6.6% to $1 billion. These figures reflect strong market demand and the company's strategic focus on growth.

A notable achievement was the company's backlog reaching $5.14 billion, the first time it has exceeded $5 billion. This substantial backlog underscores Chart Industries' strong market position and future growth potential. The company's gross profit margin also improved significantly, rising by 210 basis points to 33.9%, indicating enhanced operational efficiency.

Chart Industries' operating income increased by 15.2% to $152.3 million, while EBITDA rose by 21.5% to $215.2 million. These improvements highlight the company's ability to manage costs effectively and leverage its operational strengths. The reported diluted earnings per share (EPS) of $0.99 represents a significant increase of 99% compared to the previous period.

Jill Evanko, CEO and President of Chart Industries, stated, "We delivered strong order and organic sales growth of 17.3% and 6.6% in the first quarter of 2025. This marks our fourth consecutive quarter of reported gross profit margin above 33%, which contributed to a 190 basis points expansion in adjusted operating income margin." The company continues to focus on debt paydown and aims to achieve its target net leverage ratio of sub 2.5 by the end of 2025, supported by expectations for full-year free cash flow in excess of $550 million.

Chart Industries' diverse portfolio of segments—Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service, and Leasing—all contributed to the company's strong performance. While some segments experienced declines, others saw significant growth, particularly in Specialty Products, which recorded record orders in nuclear, space exploration, marine, and HLNG vehicle tanks.

The company's financial results also highlight its ability to adapt to market uncertainties, including tariffs and supply chain challenges. Chart Industries has implemented strategies to mitigate the impact of tariffs, such as updating long-term agreements and passing through pricing increases.

Overall, Chart Industries' Q1 2025 results demonstrate a strong performance driven by market demand, operational efficiency, and strategic focus. The company's ability to manage costs and generate significant free cash flow positions it well for future growth.

References:
[1] https://www.morningstar.com/news/globe-newswire/9442545/chart-industries-reports-first-quarter-2025-financial-results

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