Chart Industries is a leading global manufacturer that focuses on providing equipment and technology for the energy and industrial sectors, particularly in the production and storage of cryogenic fluids
The company specializes in innovative solutions for LNG (liquefied natural gas), hydrogen, and industrial gas markets, offering a wide range of products including storage tanks, heat exchangers, and related services. Chart Industries is committed to advancing clean energy initiatives and enhancing operational efficiencies through its cutting-edge technologies, facilitating sustainable solutions in an evolving energy landscape.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Chart (NYSEGTLS) and the best and worst performers in the gas and liquid handling industry.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how gas and liquid handling stocks fared in Q3, starting with Helios (NYSEHLIO).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how gas and liquid handling stocks fared in Q3, starting with Parker-Hannifin (NYSEPH).
Let’s dig into the relative performance of Flowserve (NYSEFLS) and its peers as we unravel the now-completed Q3 gas and liquid handling earnings season.
Chart currently trades at $197 and has been a dream stock for shareholders. It’s returned 257% since November 2019, nearly tripling the S&P 500’s 90.5% gain. The company has also beaten the index over the past six months as its stock price is up 26.9%.
A look at the moves made by Viking Fund management in the third quarter, including the exits and new stakes and fund's largest positions at the end of Q3.
Shares of gas handling company Chart (NYSEGTLS)
jumped 11.3% in the morning session after the company reported impressive third-quarter earnings that exceeded analysts' backlog expectations. On the other hand, its full-year revenue guidance missed and its EBITDA guidance for the full year fell short of Wall Street's estimates. Overall, this was a mixed yet decent quarter.
Gas handling company Chart (NYSEGTLS) fell short of the market’s revenue expectations in Q3 CY2024, but sales rose 18.3% year on year to $1.06 billion. The company’s full-year revenue guidance of $4.25 billion at the midpoint came in 3.5% below analysts’ estimates. Its non-GAAP profit of $2.18 per share was also 12.1% below analysts’ consensus estimates.
