Record Orders and Strong Guidance Propel Chart Industries to 22.4% Surge in February

Thursday, 7 March 2024, 11:05

Chart Industries (NYSE: GTLS) experienced a significant 22.4% increase in February following a successful earnings report and robust guidance, reassuring investors amidst market uncertainties. The company's performance in recording record orders, exceeding revenue expectations, and providing optimistic future projections highlight its potential for growth in the energy transition market. Despite recent challenges and delays in revenue recognition, Chart Industries remains positioned for substantial expansion and value appreciation.
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Record Orders and Strong Guidance Propel Chart Industries to 22.4% Surge in February

Chart Industries: Record Orders & Future Growth Potential in Energy Transition Market

Strong guidance during its February earnings release sent the beaten-down energy-transition stock higher last month. Shares of Chart Industries (NYSE: GTLS) rose 22.4% in the month of February, according to data from S&P Global Market Intelligence.

Chart scores record orders and backlog

During the quarter, Chart recorded its first $1 billion quarter ever, with $1.02 billion in revenue and $2.25 in adjusted (non-GAAP) earnings per share (EPS). While those profit figures beat expectations, revenue actually came in a little bit lighter than analysts' forecasts.

  • Orders: $1.21 billion, 20% higher than headline revenue
  • Guidance: Targeting $12-14 in adjusted EPS for 2024, over 100% higher than 2023
  • Valuation: Very cheap at $140 per share for a company with strong growth prospects

Chart cited only


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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