GTLS - Chart Industries Non-GAAP EPS of $1.67 misses by $0.03 revenue of $441.4M misses by $49.48M reaffirms FY23 sales outlook
- Chart Industries press release ( NYSE: GTLS ): Q4 Non-GAAP EPS of $1.67 misses by $0.03 .
- Revenue of $441.4M (+16.5% Y/Y) misses by $49.48M .
- Outlook: We are reiterating our 2023 sales outlook range of $2.10 billion to $2.20 billion vs. consensus $2.14B, which includes only Big LNG projects that are in backlog as of December 31, 2022.
- We are reiterating our prior 2023 standalone full year adjusted EBITDA outlook which is anticipated to be in the range of $440 million to $480 million. Adjusted 2023 full year free cash flow, which also excludes any impact from the pending Howden acquisition, is reiterated in the range of $250 million to $300 million. We will be using EBITDA as a financial metric going forward and in light of the adjustments, costs and variable metrics and timing associated with the Howden acquisition, we will not provide standalone Chart adjusted earnings per share for 2023. Following the close of the Howden acquisition, we will provide updated combined company guidance for the calendar year 2023 for sales, adjusted diluted earnings per share, EBITDA and adjusted free cash flow.
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Chart Industries Non-GAAP EPS of $1.67 misses by $0.03, revenue of $441.4M misses by $49.48M, reaffirms FY23 sales outlook