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HOUSTON - On Wednesday, Chart Industries, Inc. (NYSE:GTLS) reported third quarter 2025 adjusted earnings per share of $2.78, falling short of analyst expectations of $3.10, while revenue came in at $1.1 billion, below the consensus estimate of $1.18 billion.
The company’s stock edged up 0.43% in pre-market trading following the announcement.
The industrial gas equipment manufacturer reported record orders of $1.68 billion in the quarter, representing a 43.9% increase compared to the same period last year. This growth was primarily driven by strength in the company’s Heat Transfer Systems and Specialty Products segments, with notable orders from Bechtel Energy for Sempra Infrastructure’s Port Arthur LNG Phase 2 development project.
Sales increased 3.6% YoY to $1.1 billion, though this fell short of analyst expectations. The company achieved a record gross profit margin of 34.1%, flat compared to the third quarter of 2024. Adjusted operating income margin reached 22.9%, while adjusted EBITDA was $277.1 million, representing 25.2% of sales.
"Our commercial momentum continues, with a third consecutive quarter of sequential orders growth driven by continued strength in our end markets, especially in LNG and data centers as customers are increasingly utilizing our full solutions and process technologies," stated Jill Evanko, Chart Industries’ CEO and President.
The company’s reported net income was significantly impacted by a $266 million termination fee expense related to its now-terminated merger with Flowserve. This contributed to a reported loss per share of $3.23, compared to the adjusted EPS of $2.78.
Chart Industries generated $94.7 million in free cash flow during the quarter, with cash flow negatively affected by deal-related costs. The company’s net leverage ratio improved to 2.78, down from 3.04 in the third quarter of 2024.
The company is currently in the process of being acquired by Baker Hughes (NASDAQ:BKR) for $210 per share in cash, with the transaction expected to close by mid-2026 pending regulatory approvals.
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