From GlobeNewswire: 2025-05-01 06:30:00

Chart Industries, Inc. reported strong first quarter 2025 results, with orders totaling $1.32 billion, a 17.3% increase from first quarter 2024. Sales grew organically by 6.6% to $1.00 billion, leading to a reported gross profit margin of 33.9%. Adjusted operating income margin expanded by 190 bps to 19.9%. EBITDA increased to $215.2 million.

Backlog as of March 31, 2025, reached $5.14 billion, the first time exceeding $5 billion. Orders included various markets like space exploration, HLNG vehicle tanks, nuclear, and marine. Sales growth was seen in three out of four segments compared to first quarter 2024. Notable orders included HLNG vehicle tanks with Volvo-Eicher and heat exchanger orders with Honeywell UOP.

Reported net income for first quarter 2025 was $49.5 million, or $0.95 per diluted share. Free cash flow was negative $80.1 million due to typical first quarter cash outlays. The net leverage ratio as of March 31, 2025, was 2.91, with a target of 2.0 to 2.5 by the end of 2025. The company reiterated full-year 2025 guidance with expected sales between $4.65 billion and $4.85 billion.

Chart Industries anticipates continued positive trends in marine, metals, mining, energy, natural gas, space exploration, nuclear, data centers, aftermarket, carbon capture, and hydrogen in Europe for the second quarter of 2025. Despite uncertain global conditions, the company remains focused on achieving its financial goals and managing tariffs and costs effectively.

The company also provided details on orders, sales, gross profit margin, operating income, and segment results for the first quarter of 2025 compared to the same period in 2024. They reiterated their commitment to excellence in environmental, social, and corporate governance issues. For more information, visit their investor relations website.



Read more at GlobeNewswire:: Chart Industries Reports First Quarter 2025 Financial