Chart Industries Inc.
Chart Industries Reports Record Q4 and Full Year 2023 Financial Results
Summary
Chart Industries, Inc. reported record financial results for the fourth quarter and full year 2023, with a record backlog of $4.28 billion and sales of $1.02 billion in Q4 2023. The company achieved record gross profit, operating income, and free cash flow. Full-year sales were $3.35 billion, with an adjusted EBITDA of $774.8 million. The company also announced its 2024 outlook with expected sales growth of 28% to 37% and adjusted EBITDA growth of 52% to 68%.
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About Chart Industries Inc.
Chart Industries Inc. is a prominent manufacturing and engineering company with a focus on providing high-end equipment and solutions for the energy and industrial gas sectors. Specializing in cryogenic storage, distribution, and processing systems, Chart Industries plays a critical role in facilitating efficient and sustainable energy and gas operations worldwide. Its product portfolio includes equipment designed for liquefied natural gas (LNG) applications, industrial gases, and other specialty markets that require temperature-sensitive processing solutions. The company's operations significantly impact various industries, including clean energy, healthcare, and manufacturing, by enabling the safe and effective handling of cryogenic materials. Headquartered in Ball Ground, Georgia, Chart Industries is acknowledged for its commitment to innovation and quality, positioning itself as a key player in supporting the transition to cleaner energy sources and enhancing operational reliability and safety in critical industrial applications.
Official SEC Documents
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