S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
ATLANTA - On Tuesday, Chart Industries , Inc. (NYSE:GTLS) reported second-quarter earnings that exceeded analyst expectations, driven by strong order growth and improved operating margins despite slightly missing revenue estimates.
The company’s shares surged 16.6% in pre-market trading after the earnings release.
The industrial gas equipment manufacturer posted adjusted earnings per share of $2.59 for the second quarter, surpassing the analyst consensus of $2.48. Revenue reached $1.08 billion, up 4% YoY but slightly below the consensus estimate of $1.11 billion. The company reported $1.50 billion in orders for the quarter, representing a robust 28.6% increase compared to the same period last year, despite no "Big LNG" orders.
"Our sales in solutions and aftermarket and our team’s continuous improvement efforts contributed to our adjusted operating income margin of 21.1% and our fifth consecutive quarter of gross margin as a percent of sales above 33.0%," stated Jill Evanko, Chart Industries’ CEO and President.
The company’s free cash flow jumped 40.9% to $124 million compared to the second quarter of 2024. Chart’s commercial pipeline not yet in backlog has reached over $24 billion as of July 2025, the highest in the company’s history.
Second quarter orders were broad-based, with particular strength in hydrogen and LNG systems, as well as growth in space exploration, marine, nuclear, and other segments. Space exploration sales increased 60.7% YoY, while hydrogen sales grew 29.3%.
Chart Industries withdrew its 2025 guidance due to its proposed acquisition by Baker Hughes (NASDAQ:BKR), which was announced the same day as the earnings release. The company’s net leverage ratio stood at 2.85 as of June 30, 2025.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.