Chart Industries Q2 profit beats estimates

Overview

• Chart Industries Q2 sales rise 4% yr/yr, just missing analyst expectations, per LSEG data

• Adjusted EPS for Q2 beats analyst estimates, rising 18.8% yr/yr, per LSEG data

• Company withdraws 2025 guidance due to proposed acquisition by Baker Hughes

Outlook

• Chart Industries withdraws 2025 guidance due to Baker Hughes acquisition proposal

Result Drivers

• ORDER GROWTH - Orders increased 28.6% yr/yr, driven by demand in hydrogen, LNG, and space exploration segments

• SALES MIX - Sales growth attributed to solutions and aftermarket sales, despite missing analyst expectations

• ADJUSTED EPS - Adjusted EPS rose 18.8%, beating analyst estimates

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

• Wall Street's median 12-month price target for Chart Industries Inc is $205.00, about 16.3% above its July 28 closing price of $171.65

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nGNXc9xrhZ