NYSE$GTLS
Chart Industries Inc. · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Chart Industries reported record sales and increased profitability due to strong demand and successful integration of Howden.
Chart Industries reported record sales of $1.04 billion, an 18.8% increase year-over-year, and record adjusted operating income of $225.7 million. The company's performance was driven by strong demand across all segments and regions, as well as successful integration of the Howden acquisition.
- Record sales of $1.04 billion, up 18.8% year-over-year.
- Orders increased by 12.1% to $1.16 billion.
- Record reported gross margin of 33.8%, an increase of 310 bps.
- Adjusted diluted EPS of $2.18, which includes negative impacts from preferred dividend and FX.
Headline financials
Revenue & EPS history
Chart · Revenue · Quarterly
$1.04B
Forward guidance
Chart Industries anticipates full year 2024 sales to be in the range of approximately $4.45 billion to $4.60 billion with forecasted full year 2024 adjusted EBITDA in the range of $1.08 billion to $1.15 billion. Our anticipated 2024 full year adjusted EPS range is $10.75 to $11.75. FCF guidance is in the range of approximately $400 million to $475 million.
Tailwinds
- Sales are expected to be between $4.45 billion and $4.60 billion.
- Adjusted EBITDA is projected to be between $1.08 billion and $1.15 billion.
- Adjusted EPS is anticipated to be between $10.75 and $11.75.
- Free cash flow is guided to be between $400 million and $475 million.
- Medium-term outlook is reiterated with double-digit sales growth in 2025 and 2026.
Headwinds
- Sales recognition for backlog conversion is delayed on larger projects.
- Negative foreign exchange impacts are expected.
- Timing of larger awards will have revenue impacts in 2025 and 2026.
- Change to adjusted EPS calculation by including the negative impact of the preferred dividend.
- Previous sales outlook was expected to be in a range of $4.7 to $5.0 billion.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
+2.4%
Avg return
Earnings day
+3.9%
Avg return
5 days after
+4.5%
Avg return
30 days after
62%
42 / 68 earnings
Positive
+19.3%
Q2 2020
Best reaction
-24.7%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.2% | -0.1% | -0.5% | |
| Q4 2025 | -0.0% | -0.3% | -0.3% | |
| Q3 2025 | +0.0% | -0.1% | +2.2% | |
| Q1 2025 | +12.2% | +12.1% | +16.2% | |
| Q4 2024 | +4.6% | -8.9% | -19.2% | |
| Q3 2024 | +17.2% | +37.5% | +60.1% | |
| Q2 2024 | -24.7% | -26.5% | -20.4% | |
| Q1 2024 | +9.0% | +8.2% | +8.3% | |
| Q4 2023 | +8.6% | +9.0% | +25.3% | |
| Q3 2023 | -17.2% | -21.7% | -8.8% | |
| Q2 2023 | +14.9% | +7.9% | +4.7% | |
| Q1 2023 | -1.3% | -9.7% | -14.4% | |
| Q4 2022 | +3.2% | +3.4% | -14.8% | |
| Q3 2022 | +9.2% | +7.2% | -33.7% | |
| Q2 2022 | +5.9% | +5.5% | +9.0% | |
| Q1 2022 | +8.5% | +19.6% | +18.8% | |
| Q4 2021 | +18.3% | +30.6% | +70.2% | |
| Q3 2021 | -6.2% | -5.7% | -0.1% | |
| Q2 2021 | -7.0% | -8.7% | +13.2% | |
| Q1 2021 | +12.7% | +17.9% | +9.1% | |
| Q4 2020 | -13.4% | -11.5% | -4.8% | |
| Q3 2020 | +6.1% | +3.9% | +19.8% | |
| Q2 2020 | +19.3% | +17.1% | +31.3% | |
| Q1 2020 | +16.6% | +29.3% | +28.8% | |
| Q4 2019 | +12.0% | +8.6% | -63.4% | |
| Q3 2019 | -1.2% | +0.9% | -3.5% | |
| Q2 2019 | +10.2% | +9.5% | -11.7% | |
| Q1 2019 | -4.1% | -0.9% | -10.4% | |
| Q4 2018 | +6.9% | +2.6% | +10.2% | |
| Q3 2018 | +3.4% | +2.4% | -1.4% | |
| Q2 2018 | +13.1% | +10.5% | +13.2% | |
| Q1 2018 | +2.4% | -4.3% | +6.2% | |
| Q4 2017 | +18.1% | +14.4% | +16.2% | |
| Q3 2017 | +6.8% | +3.4% | +10.7% | |
| Q2 2017 | +1.9% | -1.5% | -3.0% | |
| Q1 2017 | +0.6% | -0.8% | -1.2% | |
| Q4 2016 | -5.9% | -7.6% | -14.2% | |
| Q3 2016 | -5.5% | -9.7% | +12.8% | |
| Q2 2016 | +12.5% | +8.4% | +15.3% | |
| Q1 2016 | +4.6% | — | — | |
| Q4 2015 | +16.1% | — | — | |
| Q3 2015 | -20.5% | — | — | |
| Q2 2015 | -12.9% | — | — | |
| Q1 2015 | -12.3% | — | — | |
| Q4 2014 | +8.4% | — | — | |
| Q3 2014 | +0.6% | — | — | |
| Q2 2014 | -10.3% | — | — | |
| Q1 2014 | -7.7% | — | — | |
| Q4 2013 | -6.5% | — | — | |
| Q3 2013 | -16.5% | — | — | |
| Q2 2013 | +14.9% | — | — | |
| Q1 2013 | -0.1% | — | — | |
| Q4 2012 | +18.4% | — | — | |
| Q3 2012 | -8.6% | — | — | |
| Q2 2012 | +6.9% | — | — | |
| Q1 2012 | +12.2% | — | — | |
| Q4 2011 | -0.3% | — | — | |
| Q3 2011 | +2.7% | — | — | |
| Q2 2011 | -9.7% | — | — | |
| Q1 2010 | -5.8% | — | — | |
| Q1 2011 | -0.7% | — | — | |
| Q4 2008 | -3.5% | — | — | |
| Q4 2010 | -3.5% | — | — | |
| Q3 2009 | +14.3% | — | — | |
| Q3 2010 | +14.3% | — | — | |
| Q2 2010 | +0.2% | — | — | |
| Q2 2009 | +0.2% | — | — | |
| Q4 2009 | +0.2% | — | — |
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