Chart Industries Inc.
Chart Industries Reiterates Medium-Term Financial Targets
Summary
On January 26, 2024, Chart Industries, Inc. (NYSE: GTLS) reiterated its medium-term financial targets through 2026, which were originally presented at its Investor Day on November 28, 2023. The targets include mid-teens organic revenue growth, a reported gross profit margin of mid-30% in 2026, double-digit adjusted diluted EPS growth with a CAGR of mid-40%, and a 95-100% Free Cash Flow Conversion. The targets remain unchanged despite the current pause of U.S. LNG export project approvals and timing. The company's commercial pipeline of potential Big LNG opportunities is approximately $8.5 billion, balanced between North America and international opportunities.
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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.
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