NYSE$GTLS
Chart Industries Inc. · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Chart Industries reported third quarter earnings, facing near-term cost pressures while demonstrating strong demand and backlog growth.
Chart Industries' Q3 2021 results reflect challenges from supply chain, labor, and logistics, offset by strong demand and backlog growth. Sales increased by 20.2% year-over-year, but margins were impacted by rapidly accelerating costs. The company is taking actions to address these cost pressures and anticipates improved profitability in 2022.
- Orders reached $350.2 million, leading to a record backlog of $1,102.2 million.
- Sales increased 20.2% year-over-year to $328.3 million (organic increase of 13.4%).
- Reported EPS was $0.42, with adjusted non-diluted EPS at $0.81 inclusive of all investment activity.
- Full year 2021 sales guidance is $1.31 billion to $1.33 billion, and adjusted non-diluted EPS is expected to be $2.75 to $3.10.
Headline financials
Revenue & EPS history
Chart · Revenue · Quarterly
$328M
Forward guidance
Chart Industries anticipates improved profitability in the fourth quarter of 2021 and expects strong growth in 2022, driven by increased demand and strategic actions. 2022 full year sales outlook is increased to the range of $1.70 billion to $1.85 billion and adjusted EPS is expected to be in the range of $5.25 to $6.50.
Tailwinds
- Anticipated meaningful profitable growth in 2022 and beyond.
- Structural pricing and cost reduction steps taken to address cost pressures.
- Year-to-date trend of broad-based demand.
- Fourth consecutive record backlog quarter.
- Expectation of traditional markets returning.
Headwinds
- Near-term cost pressures challenged margins in the third quarter.
- Rapidly increased material costs in the third quarter 2021.
- Force Majeure issued to industrial customers on nitrogen and argon allocations due to COVID-19 oxygen needs.
- Increases on container cost and road freight costs, coupled with the lack of availability of drivers, trucks, packaging and port congestion.
- Availability and cost of labor, including COVID-19 labor impacts.
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 Q3 2021
+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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