The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Chart Industries missed slightly on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue improved significantly and GAAP earnings per share dropped significantly.
Margins dropped across the board.
Chart Industries booked revenue of $219.6 million. The seven analysts polled by S&P Capital IQ foresaw sales of $223.6 million on the same basis. GAAP reported sales were 38% higher than the prior-year quarter's $158.8 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
Non-GAAP EPS came in at $0.51. The nine earnings estimates compiled by S&P Capital IQ forecast $0.62 per share on the same basis. GAAP EPS of $0.28 for Q4 were 18% lower than the prior-year quarter's $0.34 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.1%, 340 basis points worse than the prior-year quarter. Operating margin was 11.5%, 60 basis points worse than the prior-year quarter. Net margin was 3.8%, 240 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $219.8 million. On the bottom line, the average EPS estimate is $0.58.
Next year's average estimate for revenue is $952.9 million. The average EPS estimate is $2.90.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 356 members out of 370 rating the stock outperform, and 14 members rating it underperform. Among 93 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 91 give Chart Industries a green thumbs-up, and two give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chart Industries is outperform, with an average price target of $68.90.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.