other material
confidence high
sentiment neutral
materiality 0.50
Chart Industries authorizes $250M share repurchase; no buybacks until net leverage below 2.5x
CHART INDUSTRIES INC
- Board authorized up to $250M of common stock repurchases as of Dec 11, 2024.
- Company reiterates policy: no buybacks until net leverage below 2.5x (current 3.04 as of Sep 30, 2024).
- CEO expects debt to reach $3B by end of 2025 and plans to use capital for debt paydown and growth.
- Program may be modified, discontinued, or suspended at any time without prior notice.