earnings
confidence high
sentiment positive
materiality 0.95
Chart Industries reports record Q3 2023 results with $4.1B backlog and $1.13B orders
CHART INDUSTRIES INC
2023-Q3 EPS reported
-$0.55
revenue$2,337,500,000
- Record backlog of $4.1 billion, up 4.4% from Q2 2023, driven by RSL and Specialty Products
- Completed divestiture of American Fan for $111 million cash to Arcline on October 26, 2023
- Achieved $297.9 million commercial synergies from Howden acquisition, exceeding year-one target of $150M
- Updated 2023 sales guidance to $3.45B-$3.50B and adjusted EBITDA to $745M-$760M
- Third quarter adjusted EBITDA margin record of 21.7%, up 440 bps year-over-year