Chart Industries Reports 2020 First Quarter Results
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Chart Industries (GTLS) Tops Q1 EPS by 6c
April 23, 2020 6:08 AM EDTChart Industries (NASDAQ: GTLS) reported Q1 EPS of $0.57, $0.06 better than the analyst estimate of $0.51. Revenue for the quarter came in at $321.1 million versus the consensus estimate of $326.12 million.
Orders for medical oxygen critical care products increased by 34% over the first quarter 2019; Increased associated production by over 50% to meet continued demand for liquid oxygen for COVID-19 patientsGross margin as a percent of sales of 28.5% (29.7% normalized for restructuring charges) is an increase of 530 basis points over the first quarter 2019 and 350 basis points over the fourth quarter 2019 reflecting benefits from completed cost reduction... More