Chart Industries Earnings: Here’s Why Investors are Excited Now
Chart Industries Inc. (NASDAQ:GTLS) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.98%.
Chart Industries Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 12.5% to $0.54 in the quarter versus EPS of $0.48 in the year-earlier quarter.
Revenue: Rose 26.6% to $273.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Chart Industries Inc. reported adjusted EPS income of $0.54 per share. By that measure, the company missed the mean analyst estimate of $0.67. It missed the average revenue estimate of $285.07 million.
Quoting Management: “Chart is well positioned to capitalize on growing global demand fueled by major investments across the LNG value chain,” stated Sam Thomas, Chart’s Chairman, President and Chief Executive Officer. “The major order we announced today, which will be reflected in second quarter 2013 orders and backlog, continues to validate our status as an integrated supplier of mission critical equipment for the liquefaction, distribution, storage and end use of liquefied natural gas (“LNG”).”
Key Stats (on next page)…