10-K - Chart Industries, Inc. | StockGist

AI Analysis

AI-generated analysis. Always verify with the original filing.

Chart Industries, Inc. reported FY 2025 sales of $4.26 billion, a 2.5% increase from $4.16 billion in FY 2024. Gross profit rose to $1.44 billion (33.7% margin) from $1.39 billion (33.4% margin). Operating income was $358.4 million (8.4% margin), significantly impacted by a $266.0 million termination fee expense related to the terminated Flowserve merger agreement, compared to $647.5 million (15.6% margin) in the prior year. Net income attributable to Chart common stockholders was $13.5 million. The company ended the year with a strong backlog of $5,886.2 million, up from $4,845.1 million, driven by robust order activity, particularly in the Specialty Products segment. A pending merger agreement with Baker Hughes, expected to close in Q2 2026, is a key forward-looking event.

Key Takeaways

1Sales increased 2.5% YoY to $4.26B, with gross margin improving to 33.7%.

2Operating income of $358.4M was heavily impacted by a $266M merger termination fee.

3Backlog grew 21.5% to $5.89B, led by strong orders in Specialty Products.

4Net income attributable to common stockholders was $13.5M for the fiscal year.

5The company has a pending merger agreement with Baker Hughes, expected to close in Q2 2026.

Key Financial Metrics

Revenue

$4.26B

+2.5%

Net Income

$37.2M

-83.9%

Gross Margin

33.7%

33.4% prior year

Gross Profit

$1.44B

+3.5%

free cash flow

$292.7M

Operating Income

$358.4M

-44.6%

operating margin

8.4%

Business Segments

Cryo Tank Solutions14.6% of sales; operating margin 10.9%.

$624.2M-2.1% YoY

Heat Transfer Systems29.0% of sales; operating margin 29.4%.

$1.24B+19.5% YoY

Specialty Products25.8% of sales; operating margin 12.2%.

$1.10B-1.4% YoY

Repair, Service & Leasing30.6% of sales; operating margin 20.6%.

$1.30B-5.0% YoY