Chart reported revenue in line with estimates, profit fell short, but maintained full-year guidance
From StockStory: 2025-05-14 18:05:00
Gas handling company Chart (NYSE:GTLS) reported Q1 CY2025 revenue in line with analyst estimates at $1 billion, a 5.3% increase year on year. Non-GAAP profit of $1.71 per share fell short of expectations by 6.4%. The company reconfirmed full-year revenue guidance of $4.75 billion and Adjusted EPS guidance of $12.50. Management highlighted strong demand in LNG, space exploration, and aftermarket services, with an emphasis on cost controls and flexible manufacturing. Backlog increased by 18.8% year on year to $5.14 billion, driven by growth in the Repair, Service & Leasing segment, data center opportunities, and margin recovery in Specialty Products. Strategic tariff mitigation efforts and diversified end market exposure were also key focus areas for the company. Analysts inquired about China exposure, macroeconomic risks, tariff mitigation effectiveness, new market growth sustainability, and LNG activity acceleration. Upcoming catalysts include monitoring large orders, margin sustainability, and tariff mitigation effectiveness. Chart trades at a forward P/E ratio of 13.5x.
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Read more at StockStory: Chart Maintains Guidance Amid Tariff Uncertainty and Broad Market Demand