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Re: None

Friday, 08/02/2024 11:05:51 AM

Friday, August 02, 2024 11:05:51 AM

Post# of 116086
GTLS -27 to 127, this post earnings selloff seems overdone .... I added some shares in the low $120's ....

briefing -

Chart Industries misses by $0.30, misses on revs; lowers FY24 guidance (153.85 ) :
Reports Q2 (Jun) earnings of $2.18 per share, excluding non-recurring items, $0.30 worse than the FactSet Consensus of $2.48; revenues rose 14.5% year/year to $1.04 bln vs the $1.11 bln FactSet Consensus.
Co issues lowered guidance for FY24, sees EPS of $10.75-11.75 from $12.00-14.00, excluding non-recurring items, vs. $10.93 FactSet Consensus; sees FY24 revs of $4.45-4.60 bln from $4.7 to $5.0 billion vs. $4.67 bln FactSet Consensus.
"We anticipate to sequentially grow sales in 2025 and 2026 each in double digits, continue our margin expansion and generate more cash with capital expenditures as a percentage of sales in the 2.0 to 2.5% range."
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