8-K
filed February 24, 2023, 6:59 PM ET
ticker GTLS
CIK 0000892553
earnings
confidence high
sentiment positive
materiality 0.85
Chart Industries reports record Q4 and FY2022; reiterates 2023 outlook; Howden acquisition on track
CHART INDUSTRIES INC
2022-FY EPS reported
$0.54
revenue$1,612,400,000
- Q4 sales $441.4M (record), FY sales $1,612.4M (+22.4% YoY); Q4 adjusted EPS $1.67, FY adjusted EPS $4.69 (records).
- Record FY orders $2,779.9M (+65.9% YoY); backlog $2,338.1M provides strong 2023 visibility.
- Reiterates FY2023 standalone sales $2.1-2.2B, adjusted EBITDA $440-480M, adjusted FCF $250-300M.
- Howden acquisition expected to close in ~45 days; combined pro forma 2023 sales $4.25B, EBITDA ~$1B.
- Recorded $73M charge in discontinued ops for Pacific Fertility settlement; expects recovery of ~25%+.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CHART INDUSTRIES INC reported Fourth quarter ended December 31, 2022 results: revenue $441.4 million, EPS $0.42. Guidance reaffirmed.
- Period
- Fourth quarter ended December 31, 2022
- Revenue
- $441.4 million
- EPS
- $0.42
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
• Record fourth quarter 2022 sales of $441.4 million contributed to record full year 2022 sales of $1,612.4 million, an increase of 22.4% (+21.4% organic, +4.8% inorganic offset by 3.9% foreign exchange headwind) compared to 2021 • Record fourth quarter operating income of $60.1 million (adjusted $75.0 million) and record fourth quarter operating income as a percent of sales of 13.6% (adjusted 17.0%) contributed to full year record operating income of $151.5 million • Record reported EBITDA of $102.1 million in the fourth quarter 2022 (adjusted EBITDA of $97.5 million) and EBITDA as a percent of sales of 23.1% (adjusted 22.1%) driven by strong execution, continued pricing actions and small and large project work • Reported fourth quarter 2022 non-diluted earnings per share (“EPS”) of $0.42; when adjusted for one-time items, fourth quarter adjusted non-diluted EPS was $1.67, a quarterly record, contributing to full year 2022 record non-diluted EPS of $2.21 and record adjusted non-dilute
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
CHART INDUSTRIES INC reported Fiscal year ended December 31, 2022 results: revenue $1,612.4 million, EPS $2.21. Guidance reaffirmed.
- Period
- Fiscal year ended December 31, 2022
- Revenue
- $1,612.4 million
- EPS
- $2.21
- Guidance
- reaffirmed
- Result
- reported results
Exact text from the filing
• Record fourth quarter 2022 sales of $441.4 million contributed to record full year 2022 sales of $1,612.4 million, an increase of 22.4% (+21.4% organic, +4.8% inorganic offset by 3.9% foreign exchange headwind) compared to 2021 • Record fourth quarter operating income of $60.1 million (adjusted $75.0 million) and record fourth quarter operating income as a percent of sales of 13.6% (adjusted 17.0%) contributed to full year record operating income of $151.5 million • Record reported EBITDA of $102.1 million in the fourth quarter 2022 (adjusted EBITDA of $97.5 million) and EBITDA as a percent of sales of 23.1% (adjusted 22.1%) driven by strong execution, continued pricing actions and small and large project work • Reported fourth quarter 2022 non-diluted earnings per share (“EPS”) of $0.42; when adjusted for one-time items, fourth quarter adjusted non-diluted EPS was $1.67, a quarterly record, contributing to full year 2022 record non-diluted EPS of $2.21 and record adjusted non-dilute
View on SEC.gov
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