Chart Industries (NASDAQ: GTLS) reported Q4 EPS of $0.46, $0.15 better than the analyst estimate of $0.31. Revenue for the quarter came in at $306 million versus the consensus estimate of $282.19 million.

• Fourth quarter 2017 earnings would have been $0.46 per diluted share excluding $4.3 million of restructuring and acquisition-related costs
• Full year 2017 revenue of $988.8 million, an increase of 15% from the prior year, and 5% organic growth
• Full year reported earnings per share (EPS) of $0.89 and adjusted EPS of $0.96 reflecting improved cost structure and impact of the Tax Cuts and Jobs Act
• Full year order activity increased 18% (14% excluding Hudson) over 2016, with sequential order growth in the fourth quarter of 10%, and an increase in backlog to $461.3 million, up 35% from the prior year (15% excluding Hudson)
• Completed Skaff Cryogenics acquisition in January 2018, which strategically builds our Distribution & Storage repair and refurbishment platform
• 2018 guidance of 5-7% organic revenue growth and EPS range of $1.65 to $1.90 inclusive of the beneficial impacts of our recently completed restructuring actions and of the Tax Cuts and Jobs Act

OUTLOOK

The following guidance includes the acquisition of Skaff Cryogenics, which was completed on January 2, 2018, as well as the anticipated impact from tax reform and the execution of our tax planning strategy. Additionally, guidance includes the anticipated impact from the revenue recognition accounting standard change, effective January 1, 2018. Sales guidance is expected to be in the range of $1.15 billion to $1.20 billion for the full year of 2018. We expect full year adjusted earnings per diluted share (non-GAAP) to be in the range of $1.65 to $1.90 per share, on approximately 31.5 million weighted average shares outstanding. This excludes any restructuring costs and acquisition-related costs, and as such is a non-GAAP measure. This includes approximately $0.15 of anticipated benefit from the Tax Cuts and Jobs Act, moving our normalized effective tax rate from approximately 34% to 27%-29%. We expect our capital expenditures for 2018 will be in the range of $35 million to $45 million, inclusive of all recently completed acquisitions’ capital requirements.

GUIDANCE:

Chart Industries sees FY2018 EPS of $1.65-$1.90, versus the consensus of $1.65.

For earnings history and earnings-related data on Chart Industries (GTLS) click here.