Reported Earnings • Mar 02
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: US$0.34 (down from US$4.62 in FY 2024). Revenue: US$4.26b (up 2.5% from FY 2024). Net income: US$15.1m (down 92% from FY 2024). Profit margin: 0.4% (down from 4.7% in FY 2024). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 82%. Revenue is forecast to grow 8.6% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Major Estimate Revision • Mar 01
Consensus EPS estimates fall by 15% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from US$11.33 to US$9.60 per share. Revenue forecast steady at US$4.89b. Net income forecast to grow 765% next year vs 19% growth forecast for Machinery industry in the US. Consensus price target of US$206 unchanged from last update. Share price was steady at US$207 over the past week. Announcement • Jan 11
Chart Industries, Inc. Appoints Gerry Vinci as President, Effective January 6, 2026 Chart Industries, Inc. has appointed Gerry Vinci, age 60, as President, effective January 6, 2026. Mr. Vinci was appointed as Chart's Chief Human Resources Officer and has served in that capacity since December 5, 2016, when he joined Chart. Mr. Vinci was designated an executive officer of Chart on August 23, 2017. Prior to joining Chart, Mr. Vinci held various executive human resources-related roles at Dover Corporation from February 2013 to November 2016, including as the Vice President, Human Resources for the Dover Engineered Systems and Dover Refrigeration and Food Equipment segments. From 1997 to 2013, Mr. Vinci served in numerous human resources-related roles and as Senior Counsel for Harsco Corporation. Prior to that, Mr. Vinci was an attorney for Sunoco, Inc. Mr. Vinci earned a Bachelor of Arts degree in Economics from Villanova University in 1987 and a Juris Doctorate degree from Temple University in 1990. Major Estimate Revision • Dec 12
Consensus EPS estimates increase by 114% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has improved. 2025 revenue forecast increased from US$4.38b to US$4.43b. EPS estimate increased from US$1.76 to US$3.77 per share. Net income forecast to grow 902% next year vs 18% growth forecast for Machinery industry in the US. Consensus price target of US$206 unchanged from last update. Share price was steady at US$206 over the past week. Major Estimate Revision • Nov 05
Consensus EPS estimates fall by 84% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from US$4.57b to US$4.43b. EPS estimate also fell from US$9.12 per share to US$1.42 per share. Net income forecast to grow 854% next year vs 19% growth forecast for Machinery industry in the US. Consensus price target of US$206 unchanged from last update. Share price was steady at US$200 over the past week. New Risk • Oct 30
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 74% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Oct 30
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: US$3.23 loss per share (down from US$1.49 profit in 3Q 2024). Revenue: US$1.10b (up 3.6% from 3Q 2024). Net loss: US$145.3m (down 332% from profit in 3Q 2024). Revenue missed analyst estimates by 7.2%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Oct 07
Chart Industries, Inc. to Report Q3, 2025 Results on Oct 29, 2025 Chart Industries, Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 29, 2025 Announcement • Jun 30
Chart Industries, Inc. to Report Q2, 2025 Results on Jul 31, 2025 Chart Industries, Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025 Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to US$168, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 20x in the Machinery industry in the US. Total returns to shareholders of 6.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$260 per share. Announcement • Jun 04
Flowserve Corporation (NYSE:FLS) entered into a definitive agreement to acquire Chart Industries, Inc. (NYSE:GTLS) for approximately $7.2 billion in a merger of equals transaction. Flowserve Corporation (NYSE:FLS) entered into a definitive agreement to acquire Chart Industries, Inc. (NYSE:GTLS) for approximately $7.2 billion in a merger of equals transaction on June 3, 2025. The transaction is structured as an all-stock merger of equals. Chart shareholders will receive 3.165 shares of Flowserve common stock for each share of Chart common stock owned. 6.75% Series B Mandatory Convertible Preferred Stock of Chart, that remain issued and outstanding immediately prior to the First Effective Time, each such share of Chart Preferred Stock shall be converted into the right to receive one share of a newly created 6.75% Series B Mandatory Convertible Preferred Stock of Flowserve, par value $1.00 per share, having the same rights, privileges and voting powers, and limitations and restrictions thereof, as the shares of Chart Preferred Stock had immediately prior to the First Effective Time. Following the close of the transaction, Chart shareholders will own approximately 53.5% and Flowserve shareholders will own approximately 46.5% of the combined company, on a fully diluted basis. A termination fee of $250 million is payable by chart and $215 million is payable by Flowserve. The combined company is expected to have an enterprise value of approximately $19 billion, generated net revenue of approximately $8.8 billion on a combined LTM basis as of the end of Q1 2025,leverage ratio of 2.0x net debt to adjusted EBITDA at close. Upon closing, the combined company’s Board will comprise 12 directors, six of whom will be from Chart and six from Flowserve. Ms. Evanko will serve as the Chair of the combined company’s Board of Directors, Mr. Rowe will serve as Chief Executive Officer of the combined company, and John Garrison will serve as Lead Independent Director of the combined company’s Board. Following the closing of the transaction, the combined company will have its headquarters in Dallas, TX and expects to maintain a presence in Atlanta and Houston, supported by a global footprint across more than 50 countries. The combined company will assume a new name and brand following close.
The transaction has been unanimously approved by the board of directors of each company, subject to approval of shareholders of both Chart and Flowserve, the receipt of regulatory approvals, HSR act clearance,the effectiveness of a registration statement and the satisfaction of other customary closing conditions and is expected to close in the fourth quarter of 2025. The transaction is anticipated to be Meaningfully Accretive to Combined Adjusted EPS in First Year.
Wells Fargo Securities, LLC acted as financial advisor and fairness opinion provider, Matt Stevens and Paul Huddle of Winston & Strawn LLP acted as legal advisor for Chart Industries, Inc. Guggenheim Securities, LLC acted as financial advisor and fairness opinion provider, Cravath, George F. Schoen and Daniel J. Cerqueira of Swaine & Moore LLP acted as legal advisor for Flowserve Corporation. Joele Frank, Wilkinson Brimmer Katcher is serving as strategic communications advisor. Veriten is serving as an independent strategic advisor to Flowserve. Valuation Update With 7 Day Price Move • May 13
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$175, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 19x in the Machinery industry in the US. Total loss to shareholders of 1.6% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$267 per share. New Risk • May 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Share price has been volatile over the past 3 months (12% average weekly change). Reported Earnings • May 02
First quarter 2025 earnings: EPS misses analyst expectations First quarter 2025 results: EPS: US$0.99 (up from US$0.16 in 1Q 2024). Revenue: US$1.00b (up 5.3% from 1Q 2024). Net income: US$44.7m (up US$38.0m from 1Q 2024). Profit margin: 4.5% (up from 0.7% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 23%. Revenue is forecast to grow 8.0% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Announcement • May 01
Chart Industries, Inc. Reiterates Earnings Guidance for the Full Year 2025 Chart Industries, Inc. reiterated earnings guidance for the full year 2025. For the period, the company anticipated sales are expected to be in the range of $4.65 billion to $4.85 billion. Announcement • Apr 09
Chart Industries, Inc., Annual General Meeting, May 20, 2025 Chart Industries, Inc., Annual General Meeting, May 20, 2025. Announcement • Apr 04
Chart Industries, Inc. to Report Q1, 2025 Results on May 01, 2025 Chart Industries, Inc. announced that they will report Q1, 2025 results Pre-Market on May 01, 2025 Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to US$125, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 17x in the Machinery industry in the US. Total loss to shareholders of 27% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$244 per share. Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to US$144, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Machinery industry in the US. Total loss to shareholders of 15% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$243 per share. Reported Earnings • Feb 28
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: US$4.62 (up from US$0.49 in FY 2023). Revenue: US$4.16b (up 24% from FY 2023). Net income: US$194.8m (up US$174.2m from FY 2023). Profit margin: 4.7% (up from 0.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.5%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Announcement • Feb 28
Chart Industries, Inc. Reiterate Earnings Guidance for the Year 2025 Chart Industries, Inc. reiterate earnings guidance for the year 2025. For the period, the company expects sales are anticipated to be in the range of $4.65 billion to $4.85 billion. Announcement • Jan 24
Chart Industries, Inc. to Report Q4, 2024 Results on Feb 28, 2025 Chart Industries, Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 28, 2025 Announcement • Dec 12
Chart Industries, Inc. (NYSE:GTLS) announces an Equity Buyback for $250 million worth of its shares. Chart Industries, Inc. (NYSE:GTLS) announces a share repurchase program. Under the program, the company will repurchase up to $250 million worth of its common stock. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to US$196, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 21x in the Machinery industry in the US. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at US$297 per share. Major Estimate Revision • Nov 14
Consensus EPS estimates increase by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate increased from US$5.53 to US$6.11. Revenue forecast steady at US$4.24b. Net income forecast to grow 138% next year vs 16% growth forecast for Machinery industry in the US. Consensus price target up from US$185 to US$192. Share price rose 3.9% to US$169 over the past week. Major Estimate Revision • Nov 08
Consensus EPS estimates fall by 18% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$4.41b to US$4.24b. EPS estimate also fell from US$6.94 per share to US$5.69 per share. Net income forecast to grow 151% next year vs 16% growth forecast for Machinery industry in the US. Consensus price target broadly unchanged at US$185. Share price rose 28% to US$167 over the past week. Announcement • Nov 02
Chart Industries, Inc. Provides Earnings Guidance for the Full Year 2024 and 2025 Chart Industries, Inc. provided earnings guidance for the full year 2024 and 2025. For 2024, the company's current full year 2024 sales outlook is approximately $4.20 billion to $4.30 billion, an increase of 18.0% to 20.5% when compared with full year 2023, proforma. The changes to their 2024 outlook are primarily due to timing of larger orders and their associated revenue recognition (timing and mix), foreign exchange impact, tax rate change, and share count change.
For 2025, the company's sales are anticipated to be in the range of $4.65 billion to $4.85 billion. Reported Earnings • Nov 01
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: US$1.49 (up from US$0.062 in 3Q 2023). Revenue: US$1.06b (up 18% from 3Q 2023). Net income: US$62.6m (up US$60.0m from 3Q 2023). Profit margin: 5.9% (up from 0.3% in 3Q 2023). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 33%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.0% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Announcement • Oct 04
Chart Industries, Inc. to Report Q3, 2024 Results on Nov 01, 2024 Chart Industries, Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 01, 2024 Major Estimate Revision • Aug 09
Consensus EPS estimates fall by 27% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from US$4.68b to US$4.45b. EPS estimate also fell from US$9.07 per share to US$6.63 per share. Net income forecast to grow 310% next year vs 18% growth forecast for Machinery industry in the US. Consensus price target down from US$202 to US$187. Share price fell 11% to US$112 over the past week. Price Target Changed • Aug 07
Price target decreased by 7.4% to US$187 Down from US$202, the current price target is an average from 23 analysts. New target price is 65% above last closing price of US$113. Stock is down 32% over the past year. The company is forecast to post earnings per share of US$6.63 for next year compared to US$0.49 last year. Reported Earnings • Aug 04
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: US$1.40 (up from US$0.007 loss in 2Q 2023). Revenue: US$1.04b (up 15% from 2Q 2023). Net income: US$58.8m (up US$59.1m from 2Q 2023). Profit margin: 5.7% (up from 0% in 2Q 2023). Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 46%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Announcement • Aug 02
Chart Industries, Inc. Revises Financial Guidance for the Full Year of 2024 Chart Industries, Inc. revised financial guidance for the full year of 2024. For the period, the company expects sales to be in the range of approximately $4.45 billion to $4.60 billion. The company previous sales outlook was expected to be in a range of $4.7 to $5.0 billion. Compared to the company prior 2024 full year outlook the main drivers of the change are timing of sales recognition for backlog conversion on larger and longer projects (these are not cancellations; cancellation rate remains substantially below 1% of backlog), negative foreign exchange, timing of larger awards in the second quarter 2024 having revenue impacts in 2025 and 2026 (the company booked approximately $275 million for projects in late second quarter 2024 which will have 2025 and 2026 revenue impact) and a change to adjusted EPS calculation by no longer excluding the negative ($0.60) mandatory preferred dividend EPS impact. Announcement • Jul 06
Chart Industries, Inc. to Report Q2, 2024 Results on Aug 02, 2024 Chart Industries, Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 02, 2024 Reported Earnings • May 04
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: US$0.16 (up from US$0.54 loss in 1Q 2023). Revenue: US$950.7m (up 79% from 1Q 2023). Net income: US$6.70m (up US$29.4m from 1Q 2023). Profit margin: 0.7% (up from net loss in 1Q 2023). Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) also missed analyst estimates by 91%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • Feb 29
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: US$0.49 (down from US$2.21 in FY 2022). Revenue: US$3.35b (up 108% from FY 2022). Net income: US$20.6m (down 74% from FY 2022). Profit margin: 0.6% (down from 5.0% in FY 2022). Revenue missed analyst estimates by 2.8%. Earnings per share (EPS) also missed analyst estimates by 67%. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 41% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Feb 29
Chart Industries, Inc. Provides Sales Guidance for the Full Year 2024 Chart Industries, Inc. provided sales guidance for the full year 2024. For the year, company expects sales to be in a range of $4.7 to $5.0 billion. Announcement • Jan 11
Chart Industries, Inc. to Report Q4, 2023 Results on Feb 28, 2024 Chart Industries, Inc. announced that they will report Q4, 2023 results Pre-Market on Feb 28, 2024 Announcement • Nov 02
Px3 Partners Limited acquired Cofimco Srl from Chart Industries, Inc. (NYSE:GTLS). Px3 Partners Limited signed an agreement to acquire Cofimco Srl from Chart Industries, Inc. (NYSE:GTLS) for $80 million on July 26, 2023.Alvarez & Marsal Taxand UK LLP acted as accountant to Px3 Partners Limited.Chiomenti Studio Legale acted as legal advisor to Px3 Partners Limited. Debevoise & Plimpton, Accounting and Auditing arm acted as Accountant to Px3 Partners Limited.Lazard & Co., Limited acted as Financial advisor to Px3 Partners Limited. As of October 27, 2023, the transaction is expected to close on October 31, 2023. Px3 Partners Limited completed the acquisition of Cofimco Srl from Chart Industries, Inc. (NYSE:GTLS) on October 31, 2023. Announcement • Oct 29
Chart Industries, Inc. Updates Earnings Guidance for the Full Year 2023 Chart Industries, Inc. updated earnings guidance for the full year 2023. For the year, the company sales forecast to approximately $3.45 billion to $3.50 billion (prior 2023 full year sales forecast of $3.66 billion to $3.80 billion). Announcement • Oct 28
Chart Industries, Inc. Provides Earnings Guidance for the Full Year 2024 Chart Industries, Inc. provided earnings guidance for the full year 2024. For the year, the company initiating sales outlook of approximately $5.1 billion. Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: US$0.22 (vs US$1.15 in 3Q 2022) Third quarter 2023 results: EPS: US$0.22 (down from US$1.15 in 3Q 2022). Revenue: US$897.9m (up 118% from 3Q 2022). Net income: US$9.40m (down 77% from 3Q 2022). Profit margin: 1.0% (down from 10.0% in 3Q 2022). Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Major Estimate Revision • Oct 04
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate increased from US$3.06 to US$3.38. Revenue forecast unchanged at US$3.64b. Net income forecast to grow 802% next year vs 14% growth forecast for Machinery industry in the US. Consensus price target broadly unchanged at US$204. Share price fell 7.4% to US$154 over the past week. Announcement • Oct 01
Chart Industries, Inc. to Report Q3, 2023 Results on Oct 27, 2023 Chart Industries, Inc. announced that they will report Q3, 2023 results Pre-Market on Oct 27, 2023 Announcement • Sep 01
Hyzon Motors Inc., Performance Food Group, Inc. and Chart Industries, Inc. Announces Successful Completion of Hyzon's First Commercial Run with A Liquid Hydrogen Fuel Cell Electric Vehicle (LH2 FCEV) Hyzon Motors Inc., Performance Food Group, Inc. and Chart Industries, Inc. announced successful completion of Hyzon's first commercial run with a liquid hydrogen fuel cell electric vehicle (LH2 FCEV). Starting in Temple, TX, the truck completed deliveries to eight PFG customers near Dallas, TX, travelling over 540 miles on a 16-hour continuous run including over 100-degree Fahrenheit temperatures. The run – further than the distance from Sacramento to San Diego – demonstrates the viability of on-board liquid hydrogen to fuel long-distance, zero-emission transport. Compared to gaseous hydrogen, the current industry standard, liquid hydrogen allows Hyzon to increase the amount of fuel on board significantly increased energy density, with no changes to vehicle weight or payload. To maintain the energy-dense liquid state, hydrogen requires cold temperatures of negative 400 degrees Fahrenheit. Hyzon partnered with Chart Industries to develop a tank system capable of storing liquid hydrogen at extremely cold temperatures and delivering it to the fuel cell system at the necessary pressure. Liquid hydrogen as a fuel source has been estimated to be up to $5 per kilogram less expensive all-in to dispense than high-pressure gaseous hydrogen1, which would provide meaningful benefits to fleet owners. Announcement • Aug 19
Ingersoll Rand Inc. (NYSE:IR) acquired Howden Group Limited from Chart Industries, Inc. (NYSE:GTLS). Ingersoll Rand Inc. (NYSE:IR) signed a definitive agreement to acquire Howden Group Limited from Chart Industries, Inc. (NYSE:GTLS) for $300 million on June 12, 2023. The transaction, which is subject to customary closing conditions, is expected to close in the third quarter 2023. BofA Securities, Inc. acted as financial advisor to Chart Industries, Inc. (NYSE:GTLS). For FY ended 2022, Roots has approximately $115 million in revenue and an established installed base that supports a strong aftermarket business model. As part of the transaction, Ingersoll Rand assumed ownership of the Connersville, Indiana (U.S.) manufacturing facility. Roots has joined the Ingersoll Rand's Industrial Technologies and Services (IT&S) segment. Winston & Strawn LLP acted as legal advisor to Chart Industries, Inc. (NYSE:GTLS). Citigroup Inc. (NYSE:C) acted as financial advisor to Ingersoll Rand Inc. (NYSE:IR). Eric Swedenburg, Andrew Purcell, Tristan Brown, Lori Lesser, Sara Razi and Preston Miller of Simpson Thacher & Bartlett LLP acted as legal advisor to Ingersoll Rand Inc. (NYSE:IR).
Ingersoll Rand Inc. (NYSE:IR) acquired Howden Group Limited from Chart Industries, Inc. (NYSE:GTLS) on August 18, 2023. Price Target Changed • Aug 09
Price target increased by 7.6% to US$203 Up from US$189, the current price target is an average from 19 analysts. New target price is 21% above last closing price of US$167. Stock is down 20% over the past year. The company is forecast to post earnings per share of US$3.05 for next year compared to US$2.21 last year. Buying Opportunity • Aug 04
Now 21% undervalued Over the last 90 days, the stock is up 32%. The fair value is estimated to be US$213, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Earnings per share has declined by 8.2%. For the next 3 years, revenue is forecast to grow by 22% per annum. Earnings is also forecast to grow by 45% per annum over the same time period. Major Estimate Revision • Aug 04
Consensus EPS estimates fall by 18% The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from US$3.64 to US$3.01 per share. Revenue forecast steady at US$3.64b. Net income forecast to grow 746% next year vs 14% growth forecast for Machinery industry in the US. Consensus price target up from US$189 to US$200. Share price rose 7.3% to US$170 over the past week. Announcement • Jul 29
Chart Industries, Inc. Provides Earnings Guidance for the Year 2023 Chart Industries, Inc. provided earnings guidance for the year 2023. For the period, the company expects sales to be in the anticipated range of $3.66 billion to $3.80 billion. New Risk • Jul 29
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 1.5% Last year net profit margin: 3.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.5% net profit margin). Shareholders have been diluted in the past year (17% increase in shares outstanding). Reported Earnings • Jul 28
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: US$0.007 loss per share (down from US$0.36 profit in 2Q 2022). Revenue: US$908.1m (up 124% from 2Q 2022). Net loss: US$300.0k (down 102% from profit in 2Q 2022). Profit margin: 0% (down from 3.2% in 2Q 2022). Revenue missed analyst estimates by 6.6%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in the US. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 36% per year, which means it is well ahead of earnings. Buying Opportunity • Jul 20
Now 21% undervalued Over the last 90 days, the stock is up 29%. The fair value is estimated to be US$211, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 5.9%. For the next 3 years, revenue is forecast to grow by 23% per annum. Earnings is also forecast to grow by 40% per annum over the same time period. Announcement • Jul 06
Chart Industries, Inc. to Report Q2, 2023 Results on Jul 28, 2023 Chart Industries, Inc. announced that they will report Q2, 2023 results at 9:30 AM, US Eastern Standard Time on Jul 28, 2023