Chart Industries has diversified beyond "big LNG" through acquisitions. The company anticipates 30%-40% growth in adjusted earnings per share over the next few years. Expansion into supplying the data center space is an example of the same product line finding yet another use.
Industrial hardware companies have been hit hard by higher interest rates. Higher rates depress demand and cause customers to lower their inventory due to capital costs.
GTLS serves diverse markets, reducing cyclicality. It benefits from growing demand in key sectors like natural gas, hydrogen production, and semiconductors. Chart Industries trades at an attractive 11x forward PE ratio.
Chart Industries adjusted guidance due to delays in large projects, causing lower than expected market consensus. CEO Jill Evanko explained that adjustments do not indicate loss of sales, but rather sales moving to the future. The market reacted negatively, doubting management despite record earnings and indications of a record year unfolding.
Chart Industries, Inc. (NYSE:GTLS ) Q2 2024 Earnings Conference Call August 2, 2024 8:30 AM ET Company Participants Jill Evanko - President & CEO Joe Brinkman - CFO Conference Call Participants James West - Evercore ISI Ben Nolan - Stifel Marc Bianchi - TD Cowen Manav Gupta - UBS Eric Stine - Craig-Hallum Rob Brown - Lake Street Capital Markets Pavel Molchanov - Raymond James Ati Modak - Goldman Sachs Walt Liptak - Seaport Research Partners Martin Malloy - Johnson Rice Craig Shere - Tuohy Brothers Sherif Elmaghrabi - BTIG Operator Good morning, and welcome to Chart Industries, Inc. 2024 Second Quarter Results Conference Call. All lines have been placed on mute to prevent background noise.
While the top- and bottom-line numbers for Chart Industries (GTLS) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Chart Industries (GTLS) came out with quarterly earnings of $2.18 per share, missing the Zacks Consensus Estimate of $2.57 per share. This compares to earnings of $1.19 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Chart Industries (GTLS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
Chart Industries (GTLS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Chart Industries made an acquisition, causing the stock to plummet. The market placed little value on the long lead times that led to a very visible earnings forecast. Clearly, the market never expected management to execute as planned despite a long history of successful acquisitions.
Investors looking for stocks in the Manufacturing - General Industrial sector might want to consider either Chart Industries (GTLS) or Crane (CR). But which of these two stocks offers value investors a better bang for their buck right now?
Chart Industries' (GTLS) IPSMR process technology, which offers superior efficiency and performance, is selected by Argent's Louisiana-based 20 MTPA LNG facility.