Chart Industries, Inc. (GTLS) announced a revision to its annual forecast on Friday, lowering it below the consensus estimates. The sales outlook for the entire year of 2025 is now expected to fall short of market predictions.
The company explained, "Adjustments to our 2024 forecast are mainly attributed to the timing of larger orders and their corresponding revenue recognition (timing and mix), fluctuations in foreign exchange rates, a change in the tax rate, and variations in share count."
For the full year, Chart Industries now anticipates adjusted earnings per share to approximate $9, which is a reduction from the previous expectation range of $10.75 to $11.75 per share.
Annual sales are now projected to range between $4.20 billion and $4.30 billion, down from the previous guidance of $4.45 billion to $4.60 billion.
Thomson Reuters had surveyed analysts who predicted the company would report earnings per share of $10.45 on revenues of $4.41 billion for the year. These estimates typically exclude special items.
Looking ahead to 2025, Chart Industries forecasts adjusted earnings per share to be between $12 and $13, with anticipated sales ranging from $4.65 billion to $4.85 billion.
On average, analysts project the company will achieve earnings per share of $12.53 on revenue of $4.9 billion for the full year of 2025.
In pre-market trading on the New York Stock Exchange, GTLS shares fell by 5.33 percent, reaching $114.29.
