Chart Industries Q2: record sales $908M, adj. EPS $1.19, adj. EBITDA $195.3M, synergies on track

CHART INDUSTRIES INC

2023-Q2 EPS reported -$0.47 revenue$1,439,600,000

Second quarter sales $908.1M, record; book-to-bill 1.17; backlog $3.96B (+24.1% YoY proforma).
Reported EPS ($0.01), adjusted EPS $1.19; adjusted EBITDA $195.3M (21.5% margin), record.
Achieved $94.3M commercial and $96.5M cost synergies from Howden; on track to exceed year-one targets.
Signed agreements to sell Roots ($300M, close by Aug 18) and Cofimco ($80M, close H2 2023).
Maintains FY2023 guidance: sales $3.66-3.80B, adj. EBITDA $780-810M; reiterates 2024 adj. EBITDA ~$1.3B.

item 2.02 item 9.01

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 second quarter ended June 30, 2023 results: revenue $908.1 million, EPS ($0.01).

Period: second quarter ended June 30, 2023
Revenue: $908.1 million
EPS: ($0.01)
Result: reported results

Exact text from the filing

record orders, record Repair, Service and Leasing (“RSL”) results and a Big LNG equipment award; Book-to-bill of 1.17 supports our 2023 and 2024 growth outlook • Record sales of $908.1 million increased 10.3% (11.5% excluding foreign exchange impact) when compared to the second quarter of 2022 on a proforma basis for the combined business • Record reported gross profit

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Source: SEC EDGAR

accession 0000892553-23-000116

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