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GTLS - The Growth Opportunities Expand For Chart Industries
Chart Industries Inc.
Chart Industries (GTLS) reported a decent second quarter. Earnings adjusted for non-recurring items were up more than 70% in the second quarter when compared to the first quarter. They also increased nicely when compared to fiscal year 2018.
Source: Chart Industries Second Quarter 2019, Earnings Slides
As shown above, the main thing that is slowing earnings has been the aftereffects of acquisitions. Operations appear to be roaring ahead. The recall and tax reform issues were relatively minor by comparison. This company frequently acquires divisions. But those acquisitions rarely result in consolidations while