The 10-second takeaway
For the quarter ended June 30 (Q2), Chart Industries met expectations on revenues and beat slightly on earnings per share.
Compared to the prior-year quarter, revenue grew significantly. Non-GAAP earnings per share expanded significantly. GAAP earnings per share grew.
Margins shrank across the board.
Chart Industries logged revenue of $298.3 million. The 14 analysts polled by S&P Capital IQ expected to see revenue of $296.4 million on the same basis. GAAP reported sales were 24% higher than the prior-year quarter's $239.9 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 $0.77. The 15 earnings estimates compiled by S&P Capital IQ forecast $0.76 per share. Non-GAAP EPS of $0.77 for Q2 were 35% higher than the prior-year quarter's $0.57 per share. GAAP EPS of $0.64 for Q2 were 8.5% higher than the prior-year quarter's $0.59 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 30.1%, 80 basis points worse than the prior-year quarter. Operating margin was 11.1%, 400 basis points worse than the prior-year quarter. Net margin was 6.7%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $311.9 million. On the bottom line, the average EPS estimate is $0.86.
Next year's average estimate for revenue is $1.22 billion. The average EPS estimate is $3.17.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 406 members out of 418 rating the stock outperform, and 12 members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 88 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 $95.21.
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