The 10-second takeaway
For the quarter ended June 30 (Q2), Chart Industries met expectations on revenues and whiffed on earnings per share.
Compared to the prior-year quarter, revenue increased significantly and GAAP earnings per share increased significantly.
Gross margins shrank, operating margins increased, net margins improved.
Chart Industries reported revenue of $239.9 million. The eight analysts polled by S&P Capital IQ expected a top line of $239.4 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $200.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.57. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.63 per share. GAAP EPS of $0.59 for Q2 were 69% higher than the prior-year quarter's $0.35 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 30.9%, 60 basis points worse than the prior-year quarter. Operating margin was 15.1%, 300 basis points better than the prior-year quarter. Net margin was 7.5%, 220 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $258.4 million. On the bottom line, the average EPS estimate is $0.76.
Next year's average estimate for revenue is $990.6 million. The average EPS estimate is $2.70.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 383 members out of 394 rating the stock outperform, and 11 members rating it underperform. Among 83 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 81 give Chart Industries a green thumbs-up, and two give it a red thumbs-down.
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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. The Motley Fool has no positions in the stocks mentioned above. 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.