Chart Industries (GTLS) Posts Mixed Q3 Results

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Chart Industries Reports 2016 Third Quarter Results

October 27, 2016 6:00 AM EDT

CLEVELAND, Oct. 27, 2016 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NASDAQ: GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas, energy and biomedical industries, today reported results for the third quarter ended September 30, 2016.  Highlights include:

Continued strong operating cash flow of $59.8 millionSuccessful recovery of past BioMedical warranty related costs contributed $16.0 million to net incomeDownstream European LNG demand continues for Distribution & Storage

Net income for the third quarter of 2016 was $15.0 million, or $0.48 per diluted share.  Third quarter 2016... More