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February 28, 2013
13:11 EDTGTLSChart Industries higher after Q4 earnings results beat estimates
Chart Industries (GTLS) shares are trading higher today after reporting Q4 results earlier this morning. Chart Industries manufactures and supplies engineered equipment used in the production, storage, and end-use of hydrocarbon and industrial gases globally. The company reported Q4 EPS of 80c against consensus estimates of 76c on revenue of $303.9M against consensus estimates of $277.59M. The company also provided adjusted FY13 EPS guidance of $3.00-$3.40 against consensus estimates of $3.53 on revenue of $1.2B-1.3B against consensus estimates of $1.19B. The CEO, Samuel F. Thomas, cited significant improvement in capacity and lead times in distribution & storage in the liquefied natural gas, LNG, business. "These initiatives are enabling Chart to meet rising customer demand and uphold our status as a leading worldwide supplier to the energy, industrial gas, and biomedical industries, especially in high-growth energy markets such as the build-out of LNG infrastructure," Thomas said, also adding that he sees bottlenecks that are holding up LNG infrastructure build-out in USA are likely to be resolved in the coming year. In midday trading, Chart Industries (GTLS) shares have risen 9.5% to $71.75.
News For GTLS From The Last 14 Days
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March 3, 2015
12:59 EDTGTLSNatural gas vehicle stocks seen as attractive after pullback
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10:00 EDTGTLSOn The Fly: Analyst Upgrade Summary
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06:52 EDTGTLSChart Industries upgraded to Overweight from Neutral at Piper Jaffray
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February 25, 2015
10:01 EDTGTLSOn The Fly: Analyst Downgrade Summary
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08:59 EDTGTLSChart Industries downgraded to Market Perform from Outperform at Northland
Northland downgraded Chart Industries to Market Perform following the Q4 report and guidance citing LNG growth headwinds and challenging outlook. Price target to $36.
February 24, 2015
05:37 EDTGTLSChart Industries sees FY15 EPS $1.60-$2.10, consensus $2.21
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05:36 EDTGTLSChart Industries sees growth in core industrial gas, biomedical markets in 2015
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05:35 EDTGTLSChart Industries reports backlog at December 31, 2014 down 12% to $640M
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05:35 EDTGTLSChart Industries implements cost reduction actions, 5% reduciton in headcount
The company has implemented cost reduction actions approaching $20M and a 5% reduction in headcount. Chart Industries plans to initiate additional actions as dynamic energy prices and the strong U.S. dollar impacts the business.
05:35 EDTGTLSChart Industries reports Q4 EPS 88c, consensus 59c
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