Year over year increases are driven by strength in United

Chart Industries Reports 2018 First Quarter Results

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canada goose outlet real ATLANTA, April 19, 2018 (GLOBE NEWSWIRE) Chart Industries, Inc. (GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas, energy and Canada Goose sale biomedical industries, today reported results for the first quarter ended March 31, 2018. Highlights include: canada goose outlet real

canada goose outlet shop Orders of $321.1 million sequentially increased 13% over the fourth quarter of 2017, and increased 35% organically compared to the first quarter of 2017 with each segments’ orders increasing both sequentially and Canada Goose Outlet year over year. canada goose outlet shop

canada goose parka outlet uk Sales of $279.7 million increased 37% from the first quarter of 2017 (15.8% organically), and decreased 9% from the fourth quarter of 2017, representing typical seasonality. canada goose parka outlet uk

canada goose uk site Reported EPS of $0.18 and adjusted EPS of $0.23, canadian goose jacket reflecting improved operational productivity and an effective tax rate of 26.7%. canada goose uk site

canada goose outlet store uk Gross margin as a percent of sales of 27.6% increased sequentially from the fourth quarter of 2017 gross margin as a percent of sales of 27.1%, and from 27.3% in the first quarter of 2017 reflecting completed restructuring benefits. canada goose outlet store uk

canada goose jacket outlet sale A strategic review of the oxygen related product lines within our Biomedical segment is underway. canada goose jacket outlet sale

canada goose outlet toronto Net income for the first quarter of 2018 was $5.8 million or $0.18 per diluted share. First buy canada goose jacket quarter 2018 earnings would have been $0.23 per diluted share excluding $1.3 million of transaction related costs and $0.9 million of restructuring costs. This compares with a net loss for the first quarter of 2017 of $2.9 canadagooseonline million, or ($0.09) per diluted share. First quarter 2017 earnings would have been $0.01 per diluted share excluding $4.6 million of restructuring and transaction related costs. Further details on the first quarter results can be canada goose coats on sale found in the attached exhibit to the press release. canada goose outlet toronto

canada goose outlet toronto address Order activity continues to be strong across all segments. This is our fifth consecutive quarter of sequential order growth, with 13% growth over the fourth quarter of 2017. Orders increased 53%, or $111.4 million ($74.4 million excluding Hudson Products) above the first quarter of 2017. The first quarter of 2018 continued to reflect the strong demand seen in 2017 for natural gas projects in both petrochemical and LNG export, with equipment orders received primarily canada goose for the West Texas Permian Basin. Our Energy Chemicals (« E segment had a sequential increase in orders over the fourth quarter of 2017 of 24.6% and included four orders greater than $2 million each. Distribution Storage (« D had sequential order growth of 11.2% over the fourth quarter of 2017, and was driven by continued strength in packaged gas and LNG vehicle tanks. First quarter 2018 orders in D of $170.4 million was the highest quarter since the third quarter of 2013. In our BioMedical segment, orders sequentially increased 2.1% over the fourth quarter and 10.2% over the first quarter of 2017. Strength in orders for stainless Cryobiological freezers and oxygen related products drove the BioMedical order growth. canada goose outlet toronto address

canada goose premium outlet Sales of $279.7 million for the first quarter of 2018 increased 37% (or 15.8% excluding Hudson Products) over the first quarter of 2017. All three segments’ sales increased over the prior year’s quarter, with D and BioMedical sales increasing 20.2% and 7.3%, respectively. Sequential to the fourth quarter of 2017, revenue was down 9%, driven by typical seasonality and an exceptionally strong fourth quarter of 2017. canada goose premium outlet

canada goose outlet near me Gross profit for the first quarter of 2018 was $77.1 million, or 27.6% of sales. Gross profit for the fourth quarter of 2017 was $82.9 million, or 27.1% of sales. The sequential increase in gross margin as a percent of sales reflects the first full quarter for each of the three segments benefiting from the 2017 restructuring actions taken. canada goose outlet near me

canada goose sale uk Selling, general and Canada Goose Jackets administrative (« SG expenses for the first quarter of 2018 were $54.1 million, inclusive of $1.3 million of transaction related costs, $0.6 million of restructuring costs, and $3.2 million of share based compensation. SG expenses for the fourth quarter of 2017 were $55.8 million, inclusive of $1.1 million of acquisition related costs, $2.8 million of restructuring costs, and $3.4 million of China litigation expense. SG is expected to continue to decrease on a normalized basis throughout 2018. canada goose sale uk

canada goose outlet hong kong We are conducting a strategic review of the oxygen related product lines within our Biomedical segment, including an evaluation of a possible divestiture of the businesses. We are excluding from the review those portions of the BioMedical segment that utilize and align with our cryogenic technological expertise (Cryobiological). canada goose store The asset group does not meet the criteria to be held for sale, and therefore continues to be accounted and reported for as assets to be held and used. There can be no assurance that this evaluation will result in any transaction being announced or consummated. The Company will not disclose further developments during this process until our Board of Directors has approved a specific action or we have determined that further disclosure is appropriate. canada goose outlet hong kong

canada goose parka outlet « We are pleased Canada Goose Parka with the start to 2018, both from a market and order perspective as well as the productivity results reflected in the margin in each of uk canada goose outlet the segments, » stated Bill Johnson, Chart’s Chief Executive Officer and President. « Additionally, the strategic review of our oxygen related product lines further supports our continued focus on analyzing our capital allocation and Canada Goose online executing on our organic and inorganic key growth areas in core cryogenic equipment. »First quarter 2018 orders in E were $93.7 million, inclusive of $37.0 million from Hudson Products, and sequentially an increase of 24.6% compared to the fourth quarter of 2017. This is the fourth quarter canada goose uk black friday in a row with E order levels above $60 million. The natural gas and canada goose clearance sale petrochemical markets continue to be strong, and LNG FEED and engineering activities continue to strengthen. E segment sales of $89.9 million ($46.6 million excluding Hudson) were organically down 1.5% compared Canada Goose Coats On Sale to the fourth quarter of canada goose clearance 2017 and up organically 16.7% versus the first quarter of 2017. The year over year sales increase is driven by natural gas demand, in particular in our air cooled heat exchanger product line. The sequential revenue decrease is driven primarily canada goose uk shop by the fourth www.canadagooseonline.info quarter of 2017 including several large project related shipments totaling $15 million. E gross margin of $19.4 million included $11.9 million from Hudson, and was cheap Canada Goose 21.6% of sales. canada goose parka outlet

canada goose jacket outlet uk D sales decreased $14.1 million to $136.1 million compared to the fourth quarter of 2017, and increased $22.9 million compared to the first quarter of 2017. Year over year increases are driven by strength in United States packaged gas, China LNG trailers and vaporization stations, and European standard tanks. D order strength buy canada goose jacket cheap continued throughout 2017, and into the first quarter of 2018, with five consecutive quarters of sequential order growth in the segment. manufacturing locations. canada goose jacket outlet uk

official canada goose outlet First quarter BioMedical sales of $54.7 million decreased from the fourth quarter of 2017 sales of $56.6 million driven primarily by the timing of specific shipments in the fourth quarter related to military applications and a specific larger Chinese Cryobiological order. Sequential revenue growth in each quarter for the remainder of 2018 is expected. Sales guidance is expected to canada goose coats be in the range of $1.15 billion to $1.20 billion for the full year of 2018. We expect full year adjusted earnings per diluted share (non GAAP) to be in the range of $1.75 to $2.00 per share, on approximately 31.7 million weighted average shares outstanding. Our prior full year adjusted earnings per diluted share guidance was $1.65 to $1.90. This excludes any restructuring costs and transaction related costs, and assumes continued ownership canada goose factory sale of all assets for the entire calendar year, and as such is a non GAAP measure. We expect our effective tax rate, inclusive of benefits from the Tax Cuts and Jobs Act, to be 27%, as compared to our prior guidance of a range of 27% to 29%. We expect our capital expenditures for 2018 will be in canada goose black friday sale the range of $35 million to $45 million. official canada goose outlet

canada goose victoria parka outlet Forward looking statements contained in this news release or in other statements made by the Company are made based on management’s expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors relating to the Company’s operations and business environment, all of which are difficult to predict and many of which are beyond the Company’s control, that could cause the Company’s actual results to differ materially from those matters expressed Canada Goose Online or implied uk canada goose by forward looking statements. Factors that could cause the Company’s actual results to differ materially from those described cheap canada goose uk in the forward looking statements include those found in Item canada goose uk outlet 1A (Risk Factors) in the Company’s most recent Annual Report on Form 10 K filed with the SEC, which should be reviewed carefully, as well as risks and uncertainties related to the integration of the Hudson and VCT Vogel businesses with the Company’s, and risks and uncertainties associated with the strategic review process underway with respect to the BioMedical segment, and the results of such process, including any possible divestiture or transaction, and the uncertainty whether any such possible transaction is completed, and if so, the terms, structure and timing of any such transaction. The Company undertakes no obligation to update or revise any forward looking statement. canada goose victoria parka outlet

canada goose outlet new york city Chart is a leading diversified global manufacturer of highly engineered equipment for the industrial gas, energy, and biomedical industries. The majority of Chart’s products are used throughout the liquid gas supply chain for purification, liquefaction, distribution, storage and end use applications, a large portion of which are energy related. Chart has domestic operations located across the United States and an international presence in Asia, Australia, Europe and Latin America canada goose outlet new york city.