Chart Q4 record sales $1.02B, adj EPS $2.25; FY24 guide sales $4.7-5.0B, EBITDA $1.175-1.30B

CHART INDUSTRIES INC

2023-FY EPS reported $0.43 revenue$3,352,500,000

Q4 2023 orders $1.21B (+28.3%), sales $1.02B (+12.5%), record gross margin 32.9% (+540 bps).
Q4 reported diluted EPS $0.88; adjusted diluted EPS $2.25. Record operating income $156M.
Full-year 2023 pro forma sales $3.66B (+11%), adjusted EBITDA $774.8M (21.2% of sales).
Howden synergy targets exceeded: commercial $529.9M, cost $181.4M achieved to date.
FY2024 guidance: sales $4.7-5.0B, adj EBITDA $1.175-1.30B, adj EPS $12-14, FCF $575-625M.

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 the fourth quarter ended December 31, 2023 results: revenue $1.02 billion, EPS $0.88. Guidance initiated.

Period: the fourth quarter ended December 31, 2023
Revenue: $1.02 billion
EPS: $0.88
Guidance: initiated
Result: reported results

Exact text from the filing

Fourth quarter 2023 highlights (as compared to the fourth quarter 2022 pro forma): • Record orders, backlog, sales, gross profit, gross profit margin, operating income, operating income margin, EBITDA, EBITDA margin, adjusted EPS, reported free cash flow (“FCF”) and adjusted free cash flow • Record orders of $1.21 billion, an increase of 28.3% • Record sales of $1.02 billion, an increase of $113 million, or 12.5% • Record backlog of $4.28 billion, up 3.3% versus Q3 2023 • Record reported gross margin of 32.9%, an increase of 540 basis points (“bps”) • Record operating income of $156.0 million, EBITDA of $220.5 million and adjusted EBITDA of $245.2 million which represents 24.2% of sales • Reported diluted earnings per share (“EPS”) of $0.88; adjusted diluted EPS of $2.25

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Source: SEC EDGAR

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