secwatch.observer — SEC 8-K summary
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Issuer:     CHART INDUSTRIES INC (GTLS)
CIK:        0000892553
Form:       8-K
Filed at:   2024-05-03T23:59:59+00:00
Accession:  0000892553-24-000093
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/892553/000089255324000093/0000892553-24-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/892553/000089255324000093/gtls-20240503.htm
  HTML page:      https://secwatch.observer/filing/0000892553-24-000093

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