Gas handling company Chart (NYSE:GTLS) met Wall Street’s revenue expectations in Q1 CY2025, with sales up 5.3% year on year to $1 billion. The company’s full-year revenue guidance of $4.75 billion at the midpoint came in 2.5% above analysts’ estimates. Its non-GAAP profit of $1.71 per share was 6.4% below analysts’ consensus estimates.
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Chart (GTLS) Q1 CY2025 Highlights:
StockStory’s Take
Chart’s first quarter results reflected continued demand across key end markets, with management citing strong order activity in areas such as LNG, space exploration, and aftermarket services. CEO Jillian Evanko specifically pointed to operational efficiencies and improved project mix as drivers of margin expansion, while also highlighting sequential improvements in backlog and segment-level performance. The company’s focus on cost controls and leveraging a flexible manufacturing footprint were emphasized as contributors to the quarter’s performance.
Looking ahead, management reiterated its full-year revenue and profit guidance, despite uncertainty related to global tariffs and macroeconomic volatility. Evanko detailed mitigation strategies including regional sourcing, price increases in certain business lines, and a growing emphasis on aftermarket services, stating, “We believe that we’re well underway in mitigating these tariffs, and that gives us confidence.” Management also emphasized visibility provided by a diversified backlog and strong pipeline across industries such as data centers and carbon capture.
Key Insights from Management’s Remarks
Chart’s management attributed Q1 performance to a combination of diversified demand, operational improvements, and proactive tariff mitigation. Segment-specific trends and strategic actions shaped the quarter’s outcomes and will influence the company’s trajectory in 2025.
Drivers of Future Performance
Management anticipates that backlog visibility, proactive cost actions, and expansion into high-growth markets will shape Chart’s performance for the remainder of the year.
Top Analyst Questions
Catalysts in Upcoming Quarters
Over the next few quarters, the StockStory team will monitor (1) the pace of large LNG and data center orders converting into backlog, (2) the sustainability of margin improvements in Specialty Products and RSL, and (3) the effectiveness of tariff mitigation as new trade policies are implemented. Developments in hydrogen and industrial gas demand in the Americas will also be key indicators for overall business momentum.
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