Chart Industries, Inc. Breaks the Freeze, Returns to Profits
Chart Industries, Inc. (NASDAQ: GTLS) reported second-quarter financial results on July 27. And while it wasn't exactly a stellar quarter, as sales continued to trend lower from the peak a few years back, Chart returned to profitability as restructuring efforts drove down expenses and better positioned the company to operate in the current demand environment.
While sales were down from the year-ago quarter, revenue and orders both increased sequentially, indicating that end-market demand is showing signs of improvement. Let's take a closer look at Chart's results, as well as what management had to say about the outlook ahead.
Image source: Chart Industries.
Source: Fool.com
Chart Industries Inc. Stock
€101.10
-0.150%
Chart Industries Inc. is currently one of the favorites of our community with 16 Buy predictions and no Sell predictions.
With a target price of 179 € there is a hugely positive potential of 77.05% for Chart Industries Inc. compared to the current price of 101.1 €.
