Acquisitions, Restructuring Paying Off for Chart Industries, Inc.
On the surface, Chart Industries Inc.'s (NASDAQ: GTLS) third-quarter earnings might not look so great, with expenses seemingly much higher and earnings much lower than they were this time last year. But if you get past the headline numbers and parse the company's results based on the impact of changes to its operations and the nonrecurring expenses after two acquisitions closed in the quarter, results for the maker of cryogenic gas-processing equipment were quite good.
Even better, they could bode very well for upcoming quarters. Let's take a deeper look at Chart Industries' second-quarter results, and how the company is positioned for the future.
Image source: Chart Industries Inc.
Source: Fool.com
Chart Industries Inc. Stock
€155.30
0.520%
Chart Industries Inc. is currently one of the favorites of our community with 13 Buy predictions and no Sell predictions.
With a target price of 173 € there is a slightly positive potential of 11.4% for Chart Industries Inc. compared to the current price of 155.3 €.
