Chart Industries Inc.
Chart Industries Reports Record First Quarter 2024 Financial Results
Summary
Chart Industries, Inc. reported record financial results for the first quarter of 2024, showing substantial growth across key metrics. The company achieved the highest first quarter sales in its history, with a 17.4% increase compared to the same period in 2023. Adjusted operating margin reached 18.0%, a 620 basis point increase from the previous year, and adjusted EBITDA was $212.2 million, or 22.3% of sales. The strong performance was driven by increased demand in the industrial gas end market and growth in aftermarket services.
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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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