Chart Industries Reports 2019 Second Quarter Results
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Chart Industries (GTLS) Tops Q2 EPS by 8c, Revenues Miss; Offers FY19 EPS Mid-Point Guidance Above Consensus, Offers FY19 Revenue Outlook
July 18, 2019 6:11 AM EDTChart Industries (NASDAQ: GTLS) reported Q2 EPS of $0.68, $0.08 better than the analyst estimate of $0.60. Revenue for the quarter came in at $309.6 million versus the consensus estimate of $321.2 million.
Completed the acquisition of the Air-X-Changers (AXC) business on July 1, 2019, creating our fourth segment, Energy & Chemicals FinFans (E&C FinFans).Revenue of $309.6 million, an increase of 7.0% over the first quarter of 2019, and first half 2019 growth of 14.7% (5.0% organic) over the first half of 2018.Reported gross margin as a percent of sales of 26.7%, an increase of 350 basis points over the first quarter of 2019 (+190 bps on an adjusted basis),... More