NASDAQ:GTLS

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Chart Industries Inc. said its 6.75% Series B mandatory convertible preferred stock will automatically convert into common shares on December 15, 2025, according to an SEC filing. Based on the final averaging period ending December 11, each preferred share will convert into 7.0520 shares of common stock, while each depositary share (NYSE: GTLS*PRB) will convert into 0.3526 common shares. Trading in the depositary shares is expected to be suspended before the conversion date and the securities will subsequently be delisted from the New York Stock Exchange.
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Global Finance News 12-12-25
Baker Hughes-Chart Industries merger clears U.S. antitrust review

Baker Hughes Company (Nasdaq: BKR) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for its planned acquisition of Chart Industries has expired as of 11:59 p.m. Eastern Time on November 6, 2025, marking a key regulatory milestone for the merger.

Under the merger agreement signed on July 28, 2025, Baker Hughes will acquire Chart through the merger of its wholly owned subsidiary, Tango Merger Sub, Inc., into Chart, which will continue as an indirect wholly owned subsidiary of Baker Hughes. Both companies continue to expect the deal to close in mid-2026, pending remaining customary closing conditions and other regulatory approvals.

The filing also included forward-looking statements cautioning that completion of the merger remains subject to various risks, including the ability to obtain required approvals, achieve expected synergies, and integrate operations efficiently.
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European Investor 11-08-25
Chart Industries Reports Record Orders, Strong Margins Amid Baker Hughes Deal Progress

Chart Industries (NYSE: GTLS) posted record third-quarter 2025 orders of $1.68 billion, up 43.9% year over year, driven by robust demand in LNG, data centers, and specialty products. Sales rose 3.6% to $1.1 billion, while adjusted operating income reached $251.5 million, reflecting a 22.9% margin. Adjusted EPS increased 27.5% to $2.78, though GAAP EPS stood at -$3.23 due to merger-related charges. The company recorded a $266 million termination fee to Flowserve, largely covered by Baker Hughes, which is set to acquire Chart for $210 per share in a deal expected to close in mid-2026. CEO Jill Evanko highlighted record profitability and continued order growth across energy and industrial markets.
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The Investor 10-29-25
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.
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The Investor 02-28-25