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Chart Industries (GTLS)
NYSE:GTLS
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.14Last Year’s EPS
$2.25Same Quarter Last Year
Strong Buy
Based on 16 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2024
|% Change Since: 53.11%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive overall sentiment with strong financial performance and operational improvements, despite challenges such as reduced demand in China and decreased orders in Specialty Products. The company showed significant progress in reducing leverage and had a robust order pipeline.Company Guidance
During the Chart Industries Q3 2024 earnings call, the company reported a net cash generation of $200.7 million from operating activities, leading to a free cash flow of $174.6 million after a $26 million capital expenditure. The company achieved a net leverage ratio of 3.04 as of September 30, showing progress towards their target range of 2 to 2.5 and an end-of-year 2025 net debt goal of $3 billion. Orders rose by 5.4% compared to Q3 2023, while sales increased by 22.4% to $1.06 billion. The adjusted operating margin was reported at 22.2%, with an adjusted EBITDA of $260.7 million, constituting 24.5% of sales. Adjusted earnings per share stood at $2.18, impacted by a $0.15 EPS hit from foreign exchange and a 26.5% tax rate. Year-to-date sales grew by 19.6% with a 510 basis point operating margin increase compared to the same period in 2023. The company surpassed its original 2026 target for $250 million in annualized cost synergies, achieving it in Q3 2024.Strong Financial Performance
Generated $200.7 million of net cash from operating activities and $174.6 million of free cash flow. Sales increased 22.4% to $1.06 billion compared to Q3 2023.
Leverage Reduction
Net leverage ratio reduced to 3.04 with plans to achieve a target of 2 to 2.5 by 2025.
Order Growth
Orders increased 5.4% compared to Q3 2023, with a strong pipeline of over $23 billion in opportunities.
Operational Improvements
Achieved a 350 basis point increase in gross margin and surpassed original year 3 target for cost synergies.
Record Segment Sales
Three out of four segments had record sales in Q3 2024.
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GTLS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GTLS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 01, 2024 | $120.72 | $130.00 | +7.69% |
| Aug 02, 2024 | $153.85 | $126.01 | -18.10% |
| May 03, 2024 | $145.00 | $155.00 | +6.90% |
| Feb 28, 2024 | $131.49 | $147.68 | +12.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Chart Industries (GTLS) report earnings?
Chart Industries (GTLS) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Chart Industries (GTLS) earnings time?
Chart Industries (GTLS) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GTLS EPS forecast?
GTLS EPS forecast for the fiscal quarter 2024 (Q4) is $3.14.
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