GTLS - Chart Industries Remains On Course

2024-03-20 17:49:51 ET

Summary

• Chart Industries' fourth quarter report surprised Mr. Market, despite management reiterating guidance multiple times.
• The market fails to understand the visibility of the company's backlog and potential sales, leading to undervaluation.
• Despite worries dominating the market's attention, Chart Industries' business is really not affected by those worries.
• Lowering debt levels remove a key reason for the low forward price-earnings ratio.
• The company is expected to continue its rapid growth for the foreseeable future.

Clearly Mr. Market did not expect the latest results from Chart Industries ( GTLS ) as shown by the reaction to the fourth quarter report. Shown below is the reaction of the market to the earnings report.

For further details see: