Financial Performance - Third quarter 2025 orders reached a record $1.68 billion, an increase of 43.9% compared to the third quarter 2024[5] - Sales for the third quarter 2025 were $1.10 billion, reflecting a 3.6% increase year-over-year[3] - Gross profit for Q3 2025 was $375.2 million, compared to $362.6 million in Q3 2024, reflecting a gross margin improvement[28] - Operating loss for Q3 2025 was $(88.5) million, a significant decline from an operating income of $178.5 million in Q3 2024[28] - Net loss attributable to Chart Industries, Inc. for Q3 2025 was $(138.5) million, compared to a net income of $69.0 million in Q3 2024[28] - Basic earnings per share from continuing operations for Q3 2025 was $(3.23), down from $1.49 in Q3 2024[29] - Total sales for Q3 2025 reached $1,100.6 million, an increase from $1,062.5 million in Q3 2024[49] - The operating margin for Q3 2025 was (8.0)%, down from 16.8% in Q3 2024[49] Cash Flow and Liquidity - Free cash flow for the quarter was $94.7 million, after capital expenditures of $23.3 million[15] - Net cash provided by continuing operating activities for Q3 2025 was $118.0 million, a decrease from $200.7 million in Q3 2024[32] - Net cash used in investing activities was $2.5 million, compared to $2.6 million in the previous period, indicating a slight decrease[33] - The net cash provided by financing activities was $36.2 million, a significant increase from $12.1 million in the prior period[33] - The net increase in cash and cash equivalents was $56.8 million, up from $61.9 million, reflecting strong liquidity[33] - At the end of the period, restricted cash amounted to $400.8 million, consistent with prior periods, ensuring liquidity for operational needs[33] Orders and Backlog - Heat Transfer Systems orders increased by 79.1% to $760.8 million, driven by demand in data centers and LNG markets[11] - Specialty Products orders grew 84.4% year-over-year to $438.5 million, with significant increases in carbon capture and nuclear markets[12] - Repair, Service and Leasing segment saw orders decrease by 3.4% to $365.0 million, impacted by a non-repeat of large aftermarket equipment orders[13] - Orders for the consolidated segments reached $1,680.4 million for the three months ended September 30, 2025, a significant increase of 43.8% from $1,167.5 million in the same period in 2024[39] - Backlog as of September 30, 2025, totaled $6,049.5 million, up from $4,535.3 million as of September 30, 2024, indicating a year-over-year increase of 33.4%[39] Expenses and Costs - Adjusted operating income margin was 22.9%, with reported operating loss of $88.5 million due to deal-related costs[3][9] - EBITDA adjusted for deal-related costs was $277.1 million, representing 25.2% of sales[3][9] - The company incurred a termination fee expense of $266.0 million associated with the terminated merger with Flowserve for both the three and nine months ended September 30, 2025[37] - Total depreciation and amortization expenses were $71.4 million in Q3 2025, up from $68.1 million in Q3 2024[54] - Interest expense, net, decreased slightly to $77.1 million in Q3 2025 from $80.6 million in Q3 2024[54] - Non-recurring costs included $17.6 million in deal-related and integration costs, primarily associated with the pending acquisition of Chart by Baker Hughes[54] Shareholder Returns and Capital Allocation - The company reported a decrease in common stock repurchases from $0.6 million to $0.2 million, reflecting a strategic shift in capital allocation[33] - Dividend distributions to non-controlling interests were $6.2 million, maintaining a steady return to shareholders[33] Acquisition and Integration - The acquisition of Chart by Baker Hughes is expected to close by mid-2026, with shareholders entitled to $210 per share in cash[18] - Deal related and integration costs were $17.6 million in Q3 2025, up from $8.2 million in Q3 2024[44] - Adjusted operating income (loss) (non-GAAP) for Q3 2025 was $251.5 million, compared to $235.9 million in Q3 2024[49]

Core Insights - Chart Industries, Inc. reported a significant increase in orders and sales for the third quarter of 2025, with orders reaching $1.68 billion, a 43.9% increase compared to the same period in 2024 [4][7]. - The company is in the process of being acquired by Baker Hughes, with a definitive agreement for Baker Hughes to acquire all outstanding shares of Chart's common stock for $210 per share in cash [1][15]. - The company recorded a termination fee expense of $266 million related to a previously proposed merger with Flowserve, impacting reported operating income [1][34]. Financial Performance - Total sales for the third quarter of 2025 were $1.1 billion, reflecting a 3.6% increase year-over-year, with a notable increase of 9.7% when excluding the Repair, Service and Leasing segment [6][8]. - The adjusted operating income margin reached a record 22.9%, with gross profit as a percentage of sales remaining flat at 34.1% [7][8]. - Reported diluted earnings per share (EPS) were ($3.23), but adjusted EPS increased by 27.5% to $2.78 compared to the third quarter of 2024 [8]. Segment Performance - Cryo Tank Solutions (CTS) saw orders decrease by 8.0% to $116.1 million, with sales declining by 7.0% to $151.2 million due to lower industrial gas sales [9]. - Heat Transfer Systems (HTS) experienced a significant increase in orders, up 79.1% to $760.8 million, and sales increased by 36.3% to $349.3 million, driven by demand in LNG and data centers [10]. - Specialty Products orders grew by 84.4% to $438.5 million, although sales decreased by 4.7% to $269.9 million due to timing issues and non-repeat of higher sales from the previous year [11]. - The Repair, Service and Leasing segment saw orders decrease by 3.4% to $365.0 million, with sales declining by 8.4% to $330.2 million [12]. Balance Sheet and Cash Flow - The company reported net cash from operating activities of $118.0 million, resulting in free cash flow of $94.7 million after capital expenditures of $23.3 million [13]. - The net leverage ratio improved to 2.78, down from 2.85 in the previous quarter and 3.04 in the same quarter last year [13]. - Total assets increased to $9.79 billion as of September 30, 2025, compared to $9.12 billion at the end of 2024 [29]. Acquisition Details - The acquisition by Baker Hughes was approved by approximately 99% of Chart's shareholders on October 6, 2025, with the transaction expected to close by mid-2026 [15][16]. - The merger agreement stipulates that Chart shareholders will receive $210 per share in cash upon completion of the transaction [15].

Core Insights - Chart Industries Inc. (NYSE:GTLS) stock price is currently at $200.11, reflecting a slight decrease of 0.01% in the current market session, but has seen an increase of 0.11% over the past month and a significant rise of 57.21% over the past year [1] Valuation Metrics - The P/E ratio is a critical metric for evaluating the company's market performance, comparing the current share price to the company's earnings per share (EPS) [5] - Chart Industries Inc. has a P/E ratio of 36.79, which is higher than the Machinery industry average P/E ratio of 29.31, suggesting that investors may expect better performance from the company compared to its peers [6] Limitations of P/E Ratio - While a higher P/E ratio may indicate expectations of future growth, it can also suggest that the stock is overvalued [6] - The P/E ratio should not be used in isolation; other factors such as industry trends and business cycles also influence stock prices [9]

Core Insights - Chart Industries, Inc. plans to release its third quarter 2025 earnings on October 29, prior to market opening, and will not host a webcast or conference call [1] Company Overview - Chart Industries is a global leader in designing, engineering, and manufacturing process technologies and equipment for gas and liquid molecule handling, focusing on clean power, clean water, clean food, and clean industrials [2] - The company offers a diverse product and solution portfolio used throughout the liquid gas supply chain, including engineering, service, repair, installation, preventive maintenance, and digital monitoring [2] - Chart is a prominent provider of technology, equipment, and services related to liquefied natural gas, hydrogen, biogas, and CO2 capture, among other applications [2] - The company operates 65 global manufacturing locations and over 50 service centers across regions including the United States, Asia, Australia, India, Europe, and South America, emphasizing accountability and transparency [2]

Core Insights - Chart Industries has been awarded a contract by Bechtel Energy Inc. to supply equipment for the Port Arthur LNG Phase 2 project in Texas, marking a continuation of its involvement from Phase 1 [1][2] - The company will provide air-cooled heat exchangers, brazed aluminum heat exchangers, and cold boxes, which are essential for the facility's expansion and operational efficiency [1][2] - CEO Jill Evanko expressed pride in supporting the project and acknowledged the progress made by Sempra Infrastructure and Bechtel [3] Company Overview - Chart Industries is a global leader in designing, engineering, and manufacturing process technologies for gas and liquid molecule handling, focusing on clean power, water, food, and industrial applications [3] - The company offers a diverse product portfolio used throughout the liquid gas supply chain, including liquefied natural gas, hydrogen, biogas, and CO2 capture technologies [3] - With 65 manufacturing locations and over 50 service centers worldwide, Chart Industries emphasizes accountability and transparency in its operations [3]

Core Insights - Chart Industries has been awarded a contract by Bechtel Energy Inc. to supply equipment for the Port Arthur LNG Phase 2 development project in Texas, marking a continuation of its involvement from Phase 1 [1][2]. Group 1: Contract Details - The awarded contract includes air-cooled heat exchangers, brazed aluminum heat exchangers, and cold boxes [1]. - This contract was received in the third quarter of 2025, indicating a timely expansion of operations for the company [1]. Group 2: Company Background - Chart Industries is recognized as a global leader in energy and industrial gas solutions, focusing on clean power, clean water, clean food, and clean industrial applications [3]. - The company operates 65 global manufacturing locations and over 50 service centers, ensuring a wide-reaching operational footprint [3]. Group 3: Leadership Commentary - The CEO of Chart Industries expressed pride in supporting the Port Arthur LNG Phase 2 project and congratulated the teams involved for their progress [2][3].

Core Viewpoint - Chart Industries, Inc. has received shareholder approval for its acquisition by Baker Hughes, with shareholders set to receive $210.00 per share in cash upon completion of the transaction [1][2]. Group 1: Acquisition Details - The majority of Chart's outstanding shares voted in favor of the merger agreement during a special meeting [1]. - The transaction is expected to be completed by mid-year 2026, pending customary conditions and regulatory approvals [2]. Group 2: Company Overview - Chart Industries is a global leader in designing, engineering, and manufacturing process technologies and equipment for gas and liquid molecule handling [3]. - The company provides technology, equipment, and services related to liquefied natural gas, hydrogen, biogas, and CO2 capture, among other applications [3]. - Chart operates 65 global manufacturing locations and over 50 service centers across various regions, emphasizing accountability and transparency [3].

Core Points - Chart Industries, Inc. shareholders approved the acquisition by Baker Hughes, with a cash offer of $210.00 per share [1][2] - The transaction is expected to be completed by mid-year 2026, pending regulatory approvals [2] Company Overview - Chart Industries is a global leader in designing, engineering, and manufacturing process technologies for gas and liquid molecule handling [3] - The company provides technology and services related to liquefied natural gas, hydrogen, biogas, and CO2 capture [3] - Chart operates 65 manufacturing locations and over 50 service centers globally, emphasizing accountability and transparency [3]

Group 1 - Class Action Attorney Juan Monteverde's firm has recovered millions for shareholders and is recognized as a Top 50 Firm in the 2024 ISS Securities Class Action Services Report [1] - Chart Industries, Inc. is under investigation related to its sale to Baker Hughes Co. for $210.00 per share in cash, with a shareholder vote scheduled for October 6, 2025 [1] - Banco Bilbao Vizcaya Argentaria, S.A. is set to acquire Banco de Sabadell, offering one newly issued share and €0.70 in cash for each 5.5483 shares tendered, with the tender offer expiring on October 7, 2025 [2] - Vimeo, Inc. shareholders will receive $7.85 in cash per share in its sale to Bending Spoons US Inc. [3] - TEGNA Inc. shareholders will receive $22.00 per share in cash in its sale to Nexstar Media Group, Inc. [3] Group 2 - Monteverde & Associates PC is a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court [4] - The firm emphasizes that no company, director, or officer is above the law, encouraging shareholders with concerns to reach out for additional information [5]

Group 1 - The Ademi Firm is investigating Chart Industries for possible breaches of fiduciary duty and other legal violations related to its transaction with Baker Hughes [1] - In the transaction, shareholders of Chart Industries will receive $210 per share in cash [1]