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Mar 31
Chart Q1 2025 Earnings Report
Reported First Quarter 2025 Financial Results
Key Takeaways
Chart Industries reported strong first quarter 2025 results with significant increases in orders, backlog, and improved profitability margins. The company achieved a record backlog exceeding $5 billion and saw organic sales growth.
Orders increased by 17.3% to $1.32 billion, including record Repair, Service & Leasing orders.
Backlog reached a record $5.14 billion, exceeding $5 billion for the first time.
Sales were $1.00 billion, representing an organic increase of 6.6%.
Reported gross profit margin improved by 210 basis points to 33.9%.
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Chart Revenue by Segment
Revenue by Segment
Cryo Tank Solutions Revenue
CapyFin.comHeat Transfer Systems Revenue
CapyFin.comSpecialty Products Revenue
CapyFin.comRepair, Service & Leasing Revenue
CapyFin.com Forward Guidance
Chart Industries reiterated its full year 2025 guidance based on current backlog, expected second quarter book-to-bill ratio, and customer feedback.
Positive Outlook
- Full year 2025 anticipated sales expected between $4.65 billion and $4.85 billion.
- Associated adjusted EBITDA expected between $1.175 billion and $1.225 billion.
- Associated adjusted diluted EPS expected between $12.00 and $13.00.
- Target net leverage ratio of 2.0 to 2.5 expected by the end of 2025.
- Full year 2025 free cash flow generation between $550 million and $600 million.
Challenges Ahead
- Recognition of an uncertain global environment for the remainder of 2025.
- Potential gross tariff impact of ~$50 million before mitigations.
- Uncertainty driven by tariffs in the industrial gas and hydrogen in Americas.
- No specific negative guidance points beyond the general uncertain environment and potential tariff impact.
Revenue & Expenses
Visualization of income flow from segment revenue to net income