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Sep 30
Chart Q3 2025 Earnings Report
Chart Industries reported its third quarter 2025 financial results, highlighting record orders and adjusted operating income margin.
Key Takeaways
Chart Industries delivered a strong third quarter in 2025, marked by record orders of $1.68 billion, a 43.9% increase year-over-year, and a record adjusted operating income margin of 22.9%. Despite a reported operating loss due to deal-related costs, the company achieved significant growth in key segments like Heat Transfer Systems and Specialty Products, driven by demand in LNG and data centers.
Record orders reached $1.68 billion, a 43.9% increase compared to Q3 2024, driven by Heat Transfer Systems and Specialty Products.
Sales for the quarter were $1.10 billion, up 3.6% year-over-year, with total company sales excluding Repair, Service & Leasing increasing by 9.7%.
Adjusted operating income was $251.5 million, resulting in a record adjusted operating income margin of 22.9%.
Adjusted diluted EPS increased by 27.5% to $2.78, despite a reported diluted EPS loss of ($3.23).
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Chart
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 is not providing 2025 guidance due to the pending acquisition by Baker Hughes, which is expected to close by mid-2026.
Positive Outlook
- Commercial momentum is expected to continue with sequential orders growth.
- Continued strength is anticipated in end markets, particularly LNG and data centers.
- Customers are increasingly utilizing full solutions and process technologies.
- Aftermarket, service, and repair business is growing, with new service agreements and increased digital Uptime™ assets.
- September year-to-date orders for space, nuclear, HLNG vehicle tanks, marine, and carbon capture end markets have surpassed total fiscal year 2024 orders.
Challenges Ahead
- No large orders are anticipated in the fourth quarter of 2025.
- The third quarter 2025 sales faced a difficult comparison in the Repair, Service & Leasing segment due to non-repeat of certain aftermarket equipment purchases and completion of a large field service project in Q3 2024.
- Cryo Tank Solutions experienced decreased orders and sales, driven by lower industrial gas sales.
- Specialty Products sales decreased due to customer timing and non-repeat of higher hydrogen liquefaction sales in Q3 2024.
- Adjusted operating income margin in Specialty Products decreased due to higher production costs on a specific first-of-a-kind project and lower HLNG vehicle tank sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income