The Investor
28 Feb 2025, 19:34
Chart Industries, Inc. (NYSE: GTLS) reported its fourth-quarter and full-year 2024 financial results, showing strong growth in orders, sales, and operating income.
For Q4 2024, the company recorded $1.55 billion in orders, a 29.4% increase year-over-year, driven by strong demand across LNG, hydrogen, space exploration, and carbon capture. Sales for the quarter reached $1.11 billion, up 10.8%, while adjusted operating income grew to $243.4 million, achieving a 22.0% margin. EBITDA stood at $283.6 million, a 190-bps increase compared to Q4 2023.
For full-year 2024, Chart Industries reported $5.01 billion in orders, up 13.2%, and $4.16 billion in sales, an increase of 17.5%. Adjusted operating income grew to $876.3 million, reflecting a 21.1% margin (up 400 bps), and EBITDA reached $1.01 billion, up 330 bps from 2023. Free cash flow for the year totaled $387.9 million.
CEO Jill Evanko highlighted strong global LNG demand as a key driver, including a major contract with Woodside Louisiana LNG and strategic agreements with ExxonMobil and Bloom Energy. The company is targeting further margin expansion and expects to reduce its net leverage ratio to below 2.5x in 2025.
Chart reiterated its 2025 guidance, projecting $4.65–$4.85 billion in sales, $1.175–$1.225 billion in adjusted EBITDA, and $12.00–$13.00 in adjusted diluted EPS. The company expects to generate $550–$600 million in free cash flow and reduce net debt to approximately $3 billion by year-end.
The full report includes segment performance details, financial reconciliations, and forward-looking statements regarding continued growth in clean energy solutions, hydrogen, and carbon capture technologies.
For Q4 2024, the company recorded $1.55 billion in orders, a 29.4% increase year-over-year, driven by strong demand across LNG, hydrogen, space exploration, and carbon capture. Sales for the quarter reached $1.11 billion, up 10.8%, while adjusted operating income grew to $243.4 million, achieving a 22.0% margin. EBITDA stood at $283.6 million, a 190-bps increase compared to Q4 2023.
For full-year 2024, Chart Industries reported $5.01 billion in orders, up 13.2%, and $4.16 billion in sales, an increase of 17.5%. Adjusted operating income grew to $876.3 million, reflecting a 21.1% margin (up 400 bps), and EBITDA reached $1.01 billion, up 330 bps from 2023. Free cash flow for the year totaled $387.9 million.
CEO Jill Evanko highlighted strong global LNG demand as a key driver, including a major contract with Woodside Louisiana LNG and strategic agreements with ExxonMobil and Bloom Energy. The company is targeting further margin expansion and expects to reduce its net leverage ratio to below 2.5x in 2025.
Chart reiterated its 2025 guidance, projecting $4.65–$4.85 billion in sales, $1.175–$1.225 billion in adjusted EBITDA, and $12.00–$13.00 in adjusted diluted EPS. The company expects to generate $550–$600 million in free cash flow and reduce net debt to approximately $3 billion by year-end.
The full report includes segment performance details, financial reconciliations, and forward-looking statements regarding continued growth in clean energy solutions, hydrogen, and carbon capture technologies.
