NYSE$GTLS

Chart Industries Inc. · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Chart Industries reported record sales and orders driven by broad-based demand and strategic pricing actions.

Chart Industries reported a record fourth quarter and full year in both sales and orders. Q4 orders reached $460.9 million, contributing to a record full-year order total of $1,676.1 million and a record backlog of $1,190.1 million. Sales for the quarter were $378.9 million, also contributing to record full-year sales of $1,317.7 million. The company's adjusted non-diluted EPS for the quarter was $0.73.

  • Fourth quarter and full-year 2021 orders were historical records.
  • Specialty Products fourth quarter 2021 orders included $85.4 million of hydrogen-related orders.
  • Record fourth quarter sales of $378.9 million contributed to record full-year 2021 sales of $1,317.7 million.
  • Fourth quarter 2021 adjusted non-diluted EPS was $0.73.

Headline financials

Total Revenue

$379M

Previous: $312M+21.3%
EPS (adj)

$0.73

Previous: $1.27-42.5%
Capital Expenditures

$16.2M

Previous: $11M+47.3%
Free Cash Flow

$4.2M

Previous: $49.6M-91.5%
Net Income

$12.4M

Previous: $49.9M-75.2%
Operating Income

$20.4M

Previous: $38.5M-47.0%
Gross Profit

$82.2M

Previous: $87.9M-6.5%
Cash & Equivalents

$122M

Previous: $126M-2.9%
Total Assets

$3.04B

Previous: $2.59B+17.7%

Revenue & EPS history

Chart · Revenue · Quarterly

$379M

Q4 2021+21.3%vs Q4 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

Chart Industries reconfirmed its 2022 full year sales outlook range of $1.70 billion to $1.85 billion and associated adjusted non-diluted EPS is expected to be in the range of $5.25 to $6.50.

Tailwinds

  • Record order year in 2021
  • Record order quarter in Q4 2021
  • Record backlog as of December 31, 2021
  • Visibility to strongest ever commercial pipeline of potential work
  • Sales are expected to sequentially increase throughout the year

Headwinds

  • First quarter 2022 sales are seasonally in line with a typical Chart year, where the first quarter is the lowest of the year
  • Chinese New Year impact on Q1
  • Customer capital spend behavior (the first quarter is typically sequentially lower than the prior fourth quarter)
  • High COVID-19 absences in the first five weeks of 2022
  • First half of 2022 will include a margin drag from historical levels from the ongoing macro challenges

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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro