Chart Industries Exit Comes With a $210 Takeout Clock and $6 Billion Backlog

Company Overview - Chart Industries, Inc. is a leading provider of highly engineered cryogenic and heat transfer equipment, focusing on LNG, hydrogen, and industrial gas infrastructure globally [6] - The company has a market capitalization of $9.32 billion, with a revenue of $4.29 billion and a net income of $66.70 million for the trailing twelve months [4] Recent Developments - Paradice Investment Management sold all 58,813 shares of Chart Industries during the fourth quarter, resulting in a transaction value of $11.77 million [1][2] - As of January 28, Chart Industries shares were priced at $207.27, which is relatively flat over the past year and underperformed the S&P 500 by 14.25 percentage points [3] Financial Performance - Chart Industries reported record third-quarter orders of $1.68 billion, a nearly 44% increase year over year, with a backlog of approximately $6.05 billion [11] - The adjusted operating margin reached a record 22.9%, and adjusted EPS rose 27.5% to $2.78, despite GAAP results being impacted by deal-related charges [11] Market Position and Strategy - The company generates revenue primarily through the sale of specialized equipment and aftermarket services, serving a diverse global customer base including industrial gas producers and energy companies [9] - Chart Industries is positioned as a key supplier to energy transition and specialty process industries, leveraging its technical expertise and strong aftermarket service capabilities [6]