GTLS - Chart stock on the rise after record Q4 orders sales

Chart Industries (GTLS +12.3%) shares have surged after the industrial equipment maker delivered a Q4 earnings and revenue beat and reiterated FY2022 outlook. The company generated adjusted non-diluted EPS of $0.73 on record sales of $378.9M (+21.29 Y/Y). Sales growth was driven by record sales in both Cryo Tank Solutions and Specialty Products.  Cryo Tank reported growth across all three of its product categories: storage equipment, mobile equipment and engineered tanks & systems. Specialty Products was driven by sales in hydrogen, cannabis, water treatment and food & beverage. Q4 and FY21 orders of $460.9M and $1,676.1M were both historical records, contributing to record year-end backlog of $1,190.1M. Orders for specialty products were $182.3M, including $85.4M of hydrogen-related orders. For FY21, specialty products orders were up 132.3% Y/Y to $648.6M. Orders in Q4 contributed to a record backlog of $1,190.1M at end-2021, representing continued broad-based demand across all product categories and

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Chart stock on the rise after record Q4 orders, sales