Chart Industries Inc.
Chart Industries Reports Record Second Quarter 2024 Financial Results
Summary
Chart Industries, Inc. reported its second quarter 2024 financial results, showing record sales, backlog, gross profit, operating income, and EBITDA. The company achieved all-time highs in several financial metrics compared to the second quarter of 2023, driven by strong demand across its end markets and regions. Adjusted EBITDA increased by 37.2% to $257.3 million. The company also provided an updated outlook for the full year 2024, with sales expected in the range of $4.45 billion to $4.60 billion and adjusted EBITDA in the range of $1.08 billion to $1.15 billion.
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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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