Company Overview

Chart Industries, Inc. is a leading independent global manufacturer of highly engineered equipment servicing multiple market applications in Energy and Industrial Gas. The company designs, engineers, and manufactures process technologies and equipment for the handling of gas and liquid molecules. Chart positions itself as a key player in the "Nexus of Clean" – clean power, clean water, clean food, and clean industrials. The company operates across the entire liquid gas supply chain, providing critical infrastructure for the global transition to clean energy solutions.

Business Segments and Products

The company operates through four primary segments:

- Cryo Tank Solutions: Providing a variety of cryogenic equipment for storage, distribution, and other processes within the industrial gas and liquefied natural gas industries.

- Heat Transfer Systems: Manufacturing critical components for industrial processes.

- Specialty Products: Equipment serving a variety of niche applications including hydrogen, biofuels, cannabis, and water treatment.

- Repair, Service & Leasing: Offering ongoing support, maintenance, and leasing options for its equipment.

Core Products and Services:

- Cryogenic Equipment: Essential for storage and handling of industrial gases and LNG.

- LNG Solutions: Comprehensive offerings for natural gas processing, liquefaction capabilities, and critical equipment for small to mid-scale facilities, floating LNG applications, and large export facilities.

- Hydrogen Technologies: Development and supply of hydrogen solutions, including compressors, and equipment for mobile applications and fueling stations.

- Specialty Applications: Products tailored for emerging sectors like hydrogen, biofuels, and water treatment.

Financial Performance and Market Position

Chart Industries has demonstrated significant growth, particularly driven by its strategic focus on the clean energy transition and recent acquisitions. The company's market position is strong in the cryogenic equipment sector, serving as a critical enabler for clean energy ecosystems.

Q2 2025 Results (Quarter ended June 30, 2025):

- Revenue: $1.08 billion, up 4.0% year-over-year.

- Adjusted EPS: $2.59, up 18.8% from $2.18 in Q2 2024.

- Orders: $1.50 billion, up 28.6% year-over-year.

- Adjusted EBITDA: $267.3 million (representing 24.7% of sales).

- Free Cash Flow: $124.0 million, up 40.9%.

- Commercial Pipeline: Reached a record $24 billion.

Key Growth Areas (Q2 2025):

- Space Exploration: Sales increased by 60.7%.

- Hydrogen: Sales grew by 29.3%.

- LNG: Sales experienced a 37.6% year-over-year increase.

Key Financial Metrics

- Market Capitalization: $6.8 billion (as of June 25, 2025).

- Shares Outstanding: 44.9 million.

- Trailing 12-Month Revenue: $4.21 billion (as of March 31, 2025).

- Trailing 12-Month EPS: $5.37.

- EBITDA (TTM): $980.70 million USD.

- EBITDA Margin (TTM): 22.66%.

- Dividend Policy: GTLS does not pay dividends, focusing on reinvestment for growth.

Strategic Developments

Major Acquisitions and Mergers:

Chart Industries acquired Howden in early 2023, a significant deal that approximately doubled the company's size and substantially expanded its capabilities and market reach.

Baker Hughes Acquisition:

In July 2025, Chart Industries announced it will be acquired by Baker Hughes. This represents a major development for Chart Industries' future growth prospects.

Employee Base:

As of September 15, 2025, the company employs approximately 11,930 individuals, reflecting its substantial operational scale and global presence.

Market Position and Industry Focus

Chart Industries operates at the forefront of the global clean energy transition, providing essential equipment for emerging energy technologies. As a leading manufacturer of cryogenic equipment, Chart offers vital solutions for the storage, distribution, and processing of clean energy resources like LNG, hydrogen, and oxygen.

The company's strategic focus on clean energy applications positions it well to capitalize on the global shift toward sustainable energy solutions. With a comprehensive product portfolio spanning cryogenic storage, LNG processing, hydrogen infrastructure, and specialty applications, Chart Industries serves as a critical enabler of the clean energy ecosystem.