Overview
Chart Industries Q3 sales grew 3.6% to $1.10 bln, missing analyst expectations
Adjusted EPS for Q3 rose 27.5% yr/yr but missed analyst estimates
Company's Q3 orders increased 43.9%, driven by LNG and data centers
Outlook
Chart Industries is not providing 2025 guidance due to pending acquisition by Baker Hughes
Company expects acquisition by Baker Hughes to close by mid-2026
Company does not anticipate large orders in Q4 2025
Result Drivers
ORDER GROWTH - Q3 orders rose 43.9% driven by LNG and data center demand
HTS PERFORMANCE - Heat Transfer Systems orders increased 79.1% due to LNG and data center projects
RSL SALES DECLINE - Repair, Service and Leasing sales fell 8.4% due to non-repeat of large orders
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales | Miss | $1.10 bln | $1.18 bln (10 Analysts) |
Q3 Adjusted EPS | Miss | $2.78 | $3.02 (12 Analysts) |
Q3 EPS | -$3.23 | ||
Q3 Operating income | -$88.50 mln | ||
Q3 Orders | $1.68 bln |
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 14 "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 is $210.00, about 4.9% above its October 28 closing price of $199.65
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nGNX2XY1Pd
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(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.)