GTLS - Chart Industries: Closing The Gap

2024-06-13 19:14:14 ET

Summary

• The market doubts the future growth potential of Chart Industries, Inc. and worries about the debt load.
• Chart Industries management expects to save $14 million in interest, leading to potential annual savings of $.30 per share before taxes.
• Market estimates for earnings trail management guidance.
• Despite market skepticism, Chart Industries has a history of consistent fast growth and is likely to continue this trend in the future.
• The interest rate reduction reduces market worries about the debt, while the unusual earnings visibility should assure the market about earnings.

Chart Industries, Inc. ( GTLS ) management recently announced that an interest rate reduction is expected to save about $14 million in interest before including the effects of any debt repayment. That is an annual savings of $.30 per share (roughly) on about 46.7 fully diluted million shares outstanding. For investors, the debt market is acknowledging the company's progress on that debt ratio and giving assurances to the market that this management is on its way to a significant earnings year that the market has doubts about....

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