Chart Industries (GTLS) Releases Earnings Results, Beats Expectations By $0.57 EPS

Chart Industries (GTLS) reported quarterly earnings results on Thursday, Jul-28-2016. The company said it had a profit of $0.72 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.57. Analysts had a consensus of $0.15. The company posted revenue of $247.10 million in the period, compared to analysts expectations of $221.87 million. The company’s revenue was down -8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Chart Industries opened for trading at $29.01 and hit $29.86 on the upside on Thursday, eventually ending the session at $29.26, with a gain of 9.63% or 2.57 points. The heightened volatility saw the trading volume jump to 16,20,231 shares. Company has a market cap of $895 M.

In a different news, on Nov 4, 2015, Terrence J Keating (director) purchased 1,000 shares at $18.92 per share price.

Chart Industries Inc. (Chart) is a diversified manufacturer of engineered equipment engineered equipment for the industrial gas energy and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments: Energy & Chemicals (E&C) Distribution & Storage (D&S) and BioMedical. Its products include vacuum insulated containment vessels heat exchangers cold boxes and other cryogenic components. Its E&C and D&S segments manufacture products used in energy-related and industrial applications such as the separation liquefaction distribution and storage of hydrocarbon and industrial gases. Through its BioMedical segment it supplies cryogenic and other equipment used in the medical biological research and animal breeding industries. The Company through Thermax Inc. provides cryogenic fluid vaporizers utilized in industrial gas petro-chemical and liquefied natural gas applications.

Chart Industries

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