Chart Industries reports record Q1 orders $1.12B, sales $950.7M; reaffirms FY2024 guidance

CHART INDUSTRIES INC

2024-Q1 EPS reported $0.10 revenue$950,700,000

Orders of $1.12B (+4.3% YoY), record backlog $4.33B; sales of $950.7M (+17.4% pro forma, organic +18.3%).
Reported gross margin 31.8% (+260 bps); adjusted operating margin 18.0% (+620 bps).
Adjusted EBITDA $212.2M (22.3% of sales, +550 bps); adjusted diluted EPS $1.49 vs reported EPS $0.14.
Net cash from ops negative $89.6M; FCF negative $135.7M due to one-time outflows; net leverage 3.43x.
Reaffirms FY2024 guidance: sales $4.7–5.0B, adj. EBITDA $1.175–1.30B, adj. EPS $12–14 on ~20% tax rate.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CHART INDUSTRIES INC reported first quarter ended March 31, 2024 results: revenue $950.7 million, net income $(0.34) per diluted share, EPS $0.14. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $950.7 million
Net income: $(0.34) per diluted share
EPS: $0.14
Guidance: reaffirmed
Result: reported results

Exact text from the filing

margin were all the highest in any first quarter in our history • Orders of $1.12 billion, an increase of 4.3% which contributed to record backlog of $4.33 billion • Sales of $950.7 million, an increase of 17.4%; pro forma organic growth of 18.3% net of a foreign exchange headwind of (0.9%) • Reported gross margin of 31.8%, an increase of 260 basis points (“bps”) •

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Source: SEC EDGAR

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