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NEW YORK -On Friday, Chart Industries , Inc. (NYSE: NYSE:GTLS) reported fourth quarter earnings and revenue that fell short of analyst estimates, while reiterating its full-year 2025 guidance.
The company’s stock fell -1.51% in early trading following the release.
The industrial gas equipment maker posted adjusted earnings per share of $2.66 for the fourth quarter, missing the consensus estimate of $3.15. Revenue came in at $1.11 billion, below expectations of $1.18 billion.
Despite the quarterly miss, Chart Industries maintained its outlook for 2025. The company continues to forecast full-year earnings per share between $12.00 and $13.00 on revenue of $4.65 billion to $4.85 billion.
"Our anticipated continuing broad-based demand and strong aftermarket growth combined with Chart Business Excellence improvements are expected to drive additional margin expansion in 2025 building on our strong 2024 operational margin improvement," said CEO Jill Evanko.
Fourth quarter orders rose 29.4% YoY to $1.55 billion, boosted by a phase one order for Woodside (OTC:WOPEY) Louisiana LNG. Backlog increased to $4.85 billion at year-end.
The company reported free cash flow of $261 million for the quarter. Chart Industries said it achieved a net leverage ratio of 2.80 as of December 31, 2024 and anticipates reaching its target of below 2.5 in 2025.
While the quarterly results fell short of expectations, Chart Industries’ reiterated 2025 guidance and strong order growth suggest the company remains confident in its longer-term outlook despite near-term headwinds.
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