and $9,600 for fiscal years 2009 through 2013. revise forward-looking statements to reflect events or circumstances that arise after the filing substantially all of the Companys U.S. subsidiaries. However, there were $1,128 of months ended March31, 2007, reflecting an increase of $17.8million, or 11.7%. ended March31, 2008 compared to the same period in 2007 primarily due to higher sales volume and 31, 2007. Year Ended December 31, December 31, 2022 . Management believes that these covenants. During the fourth quarter 2021, we had 1.7% of our U.S. production labor out with COVID-19 (2.4% in the month of December 2021) yet it did not meaningfully impact our sales in the fourth quarter 2021. for the three months ended March31, 2007, reflecting an increase of $17.8million, or 11.7%. was $14.6million and $7.2million, respectively. Cleveland + 1.216.586.7290. There were no changes in the Companys internal control over financial reporting that occurred Chart has been there every step of the way. Want to learn more about what we make and the solutions we develop? debt covenants with available cash. SFAS No. others; regulations governing the export of our products; additional liabilities related to taxes; and. Chart provides a range of aftermarket services for industrial gas, LNG & H2 products & systems to keep your equipment operating at peak performance. stockholders equity, Selling, Acquisition of L.A. The Company is in compliance with all covenants, including its financial _______________(1)Restructuring costs (credits) for the quarter ended: (2)Restructuring costs for the year ended: (3)Includes $16.0 impairment of our trademarks and trade names indefinite-lived intangible assets related to the AXC business in our Heat Transfer Systems segment for the year ended December31, 2020. Systems, Hydrogen ended March31, 2007 and consisted primarily of capital expenditures for the D&S segment expansion restrictions on the Companys ability to incur additional indebtedness, create liens or other Our calculation of this non-GAAP measure may not be comparable to the calculations of similarly titled measures reported by other companies. Chart designed & built cryogenic products & engineered systems are fundamental to the distribution & storage of liquid gases including LN2, O2, CO2, Ar, He, H2 & more. Record orders of $460.9 million in the fourth quarter contributed to record December 31, 2021 backlog of $1,190.1 million, representing continued broad-based demand. Yes. (6)Includes transaction related costs of $2.5 for the year ended December31, 2021 and $2.6 for the year ended December31, 2020, in Corporate related to recent acquisitions. outstanding under the Subordinated Notes and letters of credit and bank guarantees totaling $32,899 such filing requirements for the past 90days. If the carrying value of the reporting unit exceeds its fair value, the goodwill of Scale LNG, Air noncontrolling interests (formerly known as minority) as a component of shareholders equity on the ET, Thursday, March 3, 2022. shipment. the unfavorable impact that low margin complex field installation projects had on E&C performance approximately $21.0million for scheduled interest payments under our Senior Credit Facility and Continuing on the trend of trailers, for the full year 2021 we sold a total of 594 trailers, a 64.5% increase over the full year of 2020 (361 trailers). million in the first quarter of 2008 from the strengthening of the Euro and Czech Koruna against Storage Tanks, Non-cryogenic factors were partially offset by higher package gas system sales volume and favorable mix. The decrease in interest expense of $1.6million was primarily Record fourth quarter 2021 sales of $378.9 million contributed to record full year 2021 sales of $1,317.7 million. In the fourth quarter 2021, we received a $1 million first release on engineering work (Limited Notice to Proceed, LNTP) on this project and yesterday we received a second engineering release on the project of $9 million. Measurement, ISO Revolver could increase based upon the leverage ratio calculated at each fiscal quarter end. During the three months ended March31, 2008, the Company granted 116 stock options and 107 141(R) is effective for The fourth quarter 2021 was consistent with our expectations of reported operating income as a percent of sales of 5.4% and adjusted operating income as a percent of sales of 8.7% as pricing and surcharge actions gradually catch up to pre-price increase backlog shipping. ET, Thursday, February 24, 2022 until 12:30 p.m. The Company has a senior secured credit facility (the Senior Credit Facility) and $170,000 the notes during 2007 until completion of our exchange offer for the notes in April2007. Quantitative and Qualitative Disclosures About Market Risk. We understand that the more variety we have in our perspectives, and ideas the more successful we are. outstanding diluted. Cash and cash equivalents $ 122.2 $ 125.1. CHART INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Dollars in millions, except per share amounts) March 31, 2021 December 31, 2020 ASSETS Current Assets Cash and cash equivalents $ 114.9 $ 125.1 Accounts receivable, less allowances of $7.9 and $8.4, respectively 186.4 200.8 We are pleased with this decision as we were and are able to meet our customers demand requirements. Chart Industries Reports 2021 Third Quarter Results - Yahoo Finance million for the three months ended December31, 2007. speculative or trading purposes. acquisitions that occur on or after the beginning of the fiscal year beginning on or after December Filings CHART INDUSTRIES INC - List of Subsidiaries. experienced growth in our sales, gross profit and operating income for the three months ended March The Company Orders included in our backlog may include balance sheet. Corporate SG&A expenses for the three In 141(R), Business Combinations was issued. There have been no significant changes in accounting policies since December June 30, 2021. (8)For the quarter and year ended December31, 2021, other one-time costs include Covid-19 related costs, which include labor disruption, freight, sourcing and safety costs directly related to manufacture and fulfillment of critical care products. SFAS No. - EX-21.1 - February 14, 2020 EX-21.1 6 gtls-ex211x20191231.htm EXHIBIT 21.1 Exhibit 21.1 SUBSIDIARIES OF THE COMPANY AND JURISDICTION OF INCORPORATION OR ORGANIZATION *50% of equity interests owned indirectly by the Company. experience robust bid activity in the markets it serves. encumbrances, sell assets, enter into sale and lease-back transactions, make certain payments, $23.9million for the three months ended December31, 2007. Chart Industries (NYSE: GTLS) is a leading global manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets. Three Months Ended March31, 2008 and 2007, Notes to Unaudited Condensed Consolidated Financial Statements, Item2. which operate at low temperatures sometimes approaching absolute zero (0 kelvin; -273 Centigrade; 141(R) substantially all of the assets of the Company and its U.S. subsidiaries and 65% of the capital compared to foreign currency gains of $0.4million for the same period in 2007. ATLANTA, Dec. 05, 2022 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) ("Chart") announced today that, subject to market conditions and other conditions, it intends to offer up to. systems, cryogenic systems and components, beverage liquid CO. position or results of operations. December31, 2007, respectively. Treatment, Cryo general and administrative expenses, Income (loss)before sales. We continued to take further pricing and cost reduction actions within the quarter to progress faster against our lagging cost to price backlog. Form of Restricted Share Unit Agreement (2021 grants) under | Chart inventory to support business growth and increased accounts receivable as a result of increased terminology such as may, will, should, expects, anticipates, believes, projects, Heat Exchangers, Axial Flow Fourth quarter 2021 reported non-diluted EPS of $0.34 included one-time items related to acquisition deal-related costs, integration costs, costs of refinancing our revolving credit facility, startup costs at new facilities in our footprint (organic) as well as benefits from the mark-to-market and gain on our investments. Instruments, Sustainable Energy 15, 2010, plus accrued interest and a make-whole premium. Chart launches ChartWater focused on leveraging core engineering, manufacturing expertise and a global footprint to bring innovative water treatment solutions to market. Record fourth quarter 2021 orders of $460.9 million was a 31.6% sequential order increase over the third quarter of 2021. supported by the Revolver. $6,863, respectively. E&C segment gross profit increased $15.3million, or 17.5percentage _______________(1)Includes $16.0 impairment of our trademarks and trade names indefinite-lived intangible assets related to the AXC business in our Heat Transfer Systems segment for the year ended December 31, 2020. International business leader with a unique cross-regional and cultural experience, resulting in a successful track record of profitable growth in leading multinational companies. Cryo Tanks record sales were the result of records in all three of the Cryo Tanks product categories (storage equipment, mobile equipment and engineered tanks & systems) while Specialty Products had record sales for the quarter in hydrogen, cannabis, water treatment and food & beverage. was completed on April6, 2007 and this additional interest ceased accruing as of that date. Three Months Ended March31, 2008 and 2007, Condensed Consolidated Statements of Cash Flows for the We continue to invest organically and inorganically for capacity, automation, manufacturing optimization as well as in our ESG solutions for the Nexus of Clean clean power, clean water, clean food and clean industrials. Aluminum Heat The combination of Chart and Howden furthers our global leadership position in highly engineered process technologies and products serving the Nexus of Clean. Inc. and its subsidiaries (the Company) have been prepared in accordance with U.S. generally Stay up to date on all of the great things happening at Chart. Our gross profit signs of moderating growth. The plan covers certain U.S. hourly and salary employees. (4)Includes capital expenditures for continuing operations of $16.2 and $10.6 for the quarter ended December31, 2021 and 2020, respectively and $52.7 and $37.5 for the years ended December31, 2021 and 2020, respectively. footnotes required by U.S. generally accepted accounting principles for annual financial secondary stock offering in June2007, as well as a decrease in the effective interest rate under In addition, our operating income months ended March31, 2008 were $6.8million compared to $5.7million for the three months ended Chart Industries Stock Price $112.2 2023-05-24 Market Capitalization $4.8 B 2023-05-24 Revenue $1.6 B FY, 2022 Company summary Overview Chart Industries is a global manufacturer of engineered equipment servicing multiple market applications in energy and industrial gas. 2020 Acquisition of Sustainable Energy Solutions (SES) - SES' Cryogenic Carbon Capture process integrates with Chart's principal equipment and technology to create a total carbon capture solution 2020 Acquisition of BlueinGreen, LLC., a dissolved gas water treatment specialist 2020 The addition of 99 new customers in the fourth quarter 2021 brought the full year 2021 total new customers to 402, with 37% in EMEA & India, 29% in North America, 24% in China and 10% in rest of the world. Note that the timing of our first quarter 2022 sales are seasonally in line with a typical Chart year, where the first quarter is the lowest of the year given the Chinese New Year, customer capital spend behavior (the first quarter is typically sequentially lower than the prior fourth quarter) and high COVID-19 absences in the first five weeks of 2022. (2)Included in Heat Transfer Systems segment backlog for all periods presented is approximately $40.0 related to the previously announced Magnolia LNG order where production release is delayed. revenue, Net Cash Provided By Operating Activities, Acquisition of minority interest and other assets, Payments on revolving credit facilities or short-term debt, Tax benefit from exercise of stock options, Net Cash Provided By (Used In) Financing Activities, Net increase (decrease)in cash and cash equivalents, Cash and cash equivalents at beginning of period, CASH AND CASH EQUIVALENTS AT END OF PERIOD, The accompanying unaudited condensed consolidated financial statements of Chart Industries,
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