Adjusted earnings missed for non-operational and non-controllable reasons. Annual earnings are still expected to grow by roughly 50%. Initial guidance implies another year of rapid earnings growth.
Chart Industries, Inc. (NYSE:GTLS ) Q3 2024 Earnings Conference Call November 1, 2024 8:30 AM ET Company Participants Jill Evanko - Chief Executive Officer Joe Brinkman - Chief Financial Officer Conference Call Participants Eric Stine - Craig-Hallum Marc Bianchi - TD Cowen Ben Nolan - Stifel Martin Malloy - Johnson Rice Pavel Molchanov - Raymond James Manav Gupta - UBS Rob Brown - Lake Street Capital Craig Shere - Tuohy Brothers Walt Liptak - Seaport Research Alexa Patrick - Goldman Sachs Sherif Elmaghrabi - BTIG Saurabh Pant - Bank of America Operator Good morning, and welcome to the Chart Industries, Inc. 2024 Third Quarter Results Conference Call. All lines have been placed on mute to prevent background noise.
Although the revenue and EPS for Chart Industries (GTLS) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Chart Industries (GTLS) came out with quarterly earnings of $2.18 per share, missing the Zacks Consensus Estimate of $2.56 per share. This compares to earnings of $1.28 per share a year ago.
Besides Wall Street's top -and-bottom-line estimates for Chart Industries (GTLS), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.
Chart Industries (GTLS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
GTLS is set to supply IPSMR liquefaction technology and proprietary equipment to Exxon Mobil for the Rovuma LNG Project in Mozambique.
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.