Exhibit 99.1 Chart Industries Reports Third Quarter 2024 Financial Results ATLANTA, – November 1, 2024 - Chart Industries, Inc. (NYSE: GTLS) today reported results for the third quarter ended September 30, 2024. Results shown are from continuing operations. When referring to any comparative period, all metrics are pro forma for continuing operations of the combined business of Chart and Howden (pro forma excludes the following businesses that were divested in 2023: Roots, American Fan, Cofimco and Cryo Diff ...

Core Insights - Chart Industries, Inc. reported strong financial results for Q3 2024, with significant increases in orders and sales compared to Q3 2023, driven by demand in various segments including LNG and hydrogen [2][3][4]. Financial Performance - Orders reached $1.17 billion, a 5.4% increase year-over-year - Sales totaled $1.06 billion, reflecting a 22.4% increase year-over-year - Gross margin improved to 34.1%, up 350 basis points from the previous year - Operating income was reported at $178.5 million, with an adjusted operating margin of 22.2%, an increase of 450 basis points [2][5][6]. Segment Performance - Heat Transfer Systems (HTS) saw orders increase by 151.0% to $424.7 million, driven by LNG and energy-related projects - Specialty Products orders decreased by 48.9% to $237.8 million, but sales increased by 25.9% to $283.3 million, indicating strong throughput and project progress - Repair, Service and Leasing (RSL) orders increased by 16.5% to $377.9 million, with sales up 36.1% [11][12][14]. Cost Synergies and Integration - Cost synergies from the Howden acquisition exceeded $250 million, contributing to improved gross and operating margins [5][6]. - The integration of Howden is progressing ahead of schedule, positively impacting financial performance [2][5]. Future Outlook - The company anticipates full-year 2024 sales between $4.20 billion and $4.30 billion, representing an 18.0% to 20.5% increase from 2023 - Adjusted EBITDA for 2024 is expected to be approximately $1.015 billion to $1.045 billion, with a margin of 24.2% to 24.3% [18][19].

In its upcoming report, Chart Industries (GTLS) is predicted by Wall Street analysts to post quarterly earnings of $2.56 per share, reflecting an increase of 100% compared to the same period last year. Revenues are forecasted to be $1.12 billion, representing a year-over-year increase of 25.3%.Over the last 30 days, there has been an upward revision of 1.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their i ...

Chart Industries (GTLS) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on November 1, 2024, might help the stock move higher if these key numbers are bet ...

Chart Industries, Inc. (GTLS) recently secured a contract from Exxon Mobil Corporation (XOM) to provide its IPSMR (Integrated Pre-Cooled Single Mixed Refrigerant) liquefaction technology and proprietary equipment. GTLS' advanced liquefaction technology will be used for the Rovuma LNG (liquefied natural gas) project on the Afungi peninsula in Mozambique. The Rovuma LNG Project is operated by Mozambique Rovuma Venture ("MRV"), a joint venture between ExxonMobil, Eni and China National Petroleum Corporation (" ...

Core Insights - ExxonMobil has selected Chart Industries' IPSMR® liquefaction technology for the Rovuma LNG project in Mozambique, aiming to enhance project competitiveness and reduce greenhouse gas emissions [1][2][3] Group 1: Project Overview - The Rovuma LNG Project will produce and liquefy natural gas from the Area 4 block, with a total LNG capacity of 18 million tonnes annually through the construction of 12 modules, each with a capacity of 1.5 million tonnes per annum (MTA) [2] - The project includes associated onshore facilities to support the liquefaction process [2] Group 2: Company Partnerships - Chart Industries will provide its IPSMR® technology and equipment for the Rovuma LNG project, marking a significant partnership with ExxonMobil [3] - Mozambique Rovuma Venture (MRV), a joint venture comprising ExxonMobil, Eni, and CNPC, holds a 70% interest in Area 4, with other participants including ENH, KOGAS, and Galp [3] Group 3: Company Profiles - Chart Industries is a global leader in process technologies and equipment for gas and liquid molecule handling, focusing on clean energy solutions and maintaining a strong commitment to environmental, social, and corporate governance (ESG) [4] - ExxonMobil is one of the largest publicly traded international energy and petrochemical companies, with a diverse portfolio that includes upstream, product solutions, and low carbon solutions [5][6]

ATLANTA, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) ("Chart"), a global leader in energy and industrial gas solutions, has scheduled a conference call for Friday, November 1, 2024 at 8:30 a.m. ET to discuss its third quarter 2024 financial results. Chart plans to issue its third quarter 2024 earnings release prior to market open on November 1st. Participants wishing to join the live Q&A session must dial-in with the following information: PARTICIPANT INFORMATION: Toll-Free – North ...

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Aliaksandr Yarmashchuk/iStock via Getty Images Investment Thesis Chart Industries (NYSE:GTLS), a mid-cap industrial company little known among retail traders, plays a crucial role in key sectors shaping our lives. The company, founded in 1992, manufactures and designs systems for pressurized liquid gases. Its systems, which sell between $5 - $100 million, are used in a wide range of industries. For example, they're used by natural gas processing facilities to liquefy natural gas, by food processing companie ...

Core Viewpoint - Chart Industries adjusted its guidance due to expected order delays related to large projects, which led to a negative market reaction despite record earnings growth [1][2][10]. Orders and Backlog - Orders and backlog continue to grow at a healthy pace, with management stating that order cancellation rates are well under 1% [4][10]. - The company has long lead times, meaning profits for the year are largely secured by the backlog, and the market's reaction to guidance changes overshadowed the positive order growth [4][10]. Earnings - Earnings doubled to record levels, indicating strong business performance despite the market's negative perception [2][12]. - The adjusted earnings per share guidance for the year is robust, reflecting a significant increase from the previous fiscal year [11][12]. Debt and Financial Health - The debt ratio improved to 3.25 due to rapid EBITDA growth, with expectations for further reduction as business continues to grow [8][9]. - The company maintains a strong capital structure with liquidity of $980 million and a long-dated debt maturity profile [9]. Market Reaction - The market's negative reaction was primarily due to a perceived earnings miss caused by the timing of order fulfillment rather than a fundamental decline in business [10][13]. - Despite the stock price dip, the price-earnings ratio remains attractive at approximately 12, suggesting potential for future growth [11][12].