Chart Industries Reports 2019 Fourth Quarter and Full Year Results
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Chart Industries (GTLS) Misses Q4 EPS by 18c, Revenues Miss; Raises FY20 EPS/Revenue Guidance Above Consensus
February 13, 2020 6:16 AM ESTChart Industries (NASDAQ: GTLS) reported Q4 EPS of $0.72, $0.18 worse than the analyst estimate of $0.90. Revenue for the quarter came in at $343.5 million versus the consensus estimate of $379.62 million.
Full year record orders of $1.413 billion, a 23.7% increase (10.8% organic) over full year 2018, driven by record orders in trailers, LNG fueling stations, cryogenic equipment in India, lasers, hydrogen, cannabis and water treatment.Record backlog ($762.3 million), up 34.2% from the fourth quarter of 2018 (32.2% organic increase) driven by strong fourth quarter 2019 orders including the highest order quarter in history for Distribution & Storage Western Hemisphere (D&S... More