Chart Industries, Inc. (GTLS), a prominent manufacturer of engineered equipment, has seen its shares surge by over 12 percent on this Wednesday morning following their report of an impressive quarterly income, superior to what analysts expected. The company's yearly earnings forecast was also above projected numbers.
For the fourth quarter, the company reported a net income from continuing operations totaling to $41 million, or $0.88 per share, a substantial increase from last year's same quarter earnings of $15.8 million or $0.37 per share.
Excluding particular items, earnings were valued at $2.25 per share, outperforming the average predictions of $2.08 per share made by 16 analysts polled by Thomson-Reuters.
Sales for this quarter have seen an extensive rise, more than doubling to reach a sum of $1.015 billion, up from last year's $441.4 million. However, the consensus estimate was placed slightly higher at $1.09 billion.
As a projection for the full year, Chart approximates an adjusted EPS falling within the range of $12.00 to $14.00, overshooting analysts' projected value of $10.88. They anticipate full-year sales to be between $4.7 billion to $5.0 billion, with the consensus estimate at $4.75 billion.
At present, GTLS shares stand at $148.67, and over the past year, the trading range has varied between $101.44 to $184.65.
