Chart Industries Increases Sales but Misses Revenue Estimate

Seth Jayson, The Motley Fool
Updated

Chart Industries (NAS: GTLS) reported earnings on April 25. Here are the numbers you need to know.

The 10-second takeaway
 For the quarter ended March 31 (Q1), Chart Industries missed estimates on revenues and whiffed on earnings per share.

Compared to the prior-year quarter, revenue increased significantly. Non-GAAP earnings per share grew. GAAP earnings per share grew.


Margins contracted across the board.

Revenue details
 Chart Industries reported revenue of $273.6 million. The 10 analysts polled by S&P Capital IQ hoped for net sales of $285.7 million on the same basis. GAAP reported sales were 27% higher than the prior-year quarter's $216.1 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
 EPS came in at $0.54. The 13 earnings estimates compiled by S&P Capital IQ anticipated $0.67 per share. Non-GAAP EPS of $0.54 for Q1 were 13% higher than the prior-year quarter's $0.48 per share. GAAP EPS of $0.51 for Q1 were 8.5% higher than the prior-year quarter's $0.47 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
 For the quarter, gross margin was 29.0%, 230 basis points worse than the prior-year quarter. Operating margin was 10.0%, 110 basis points worse than the prior-year quarter. Net margin was 5.7%, 80 basis points worse than the prior-year quarter. (Margins calculated in GAAP terms.)

Looking ahead
 Next quarter's average estimate for revenue is $301.6 million. On the bottom line, the average EPS estimate is $0.77.

Next year's average estimate for revenue is $1.22 billion. The average EPS estimate is $3.21.

Investor sentiment
 The stock has a four-star rating (out of five) at Motley Fool CAPS, with 386 members out of 399 rating the stock outperform, and 13 members rating it underperform. Among 68 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 65 give Chart Industries a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Chart Industries is outperform, with an average price target of $82.69.

Looking for alternatives to Chart Industries? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.

The article Chart Industries Increases Sales but Misses Revenue Estimate originally appeared on Fool.com.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Advertisement