Overview

* Chart Industries ( GTLS ) Q2 sales rise 4% yr/yr, just missing analyst expectations, per LSEG data

* Adjusted EPS for Q2 beats analyst estimates, rising 18.8% yr/yr, per LSEG data

* Company withdraws 2025 guidance due to proposed acquisition by Baker Hughes ( BKR )

Outlook

* Chart Industries ( GTLS ) withdraws 2025 guidance due to Baker Hughes ( BKR ) acquisition proposal

Result Drivers

* ORDER GROWTH - Orders increased 28.6% yr/yr, driven by demand in hydrogen, LNG, and space exploration segments

* SALES MIX - Sales growth attributed to solutions and aftermarket sales, despite missing analyst expectations

* ADJUSTED EPS - Adjusted EPS rose 18.8%, beating analyst estimates

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Sales Miss $1.08 $1.11

bln bln (12

Analysts

)

Q2 Beat $2.59 $2.46

Adjusted (14

EPS Analysts

)

Q2 EPS $1.53

Q2 $169.50

Operatin mln

g income

Q2 $1.50

Orders bln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

* Wall Street's median 12-month price target for Chart Industries Inc ( GTLS ) is $205.00, about 16.3% above its July 28 closing price of $171.65

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)