Chart Industries still sees mid-teens organic revenue growth through 2026

Chart Industries is reiterating its medium-term financial targets through 2026, which were originally presented at its Investor Day on November 28, 2023 and include: Mid-teens organic revenue growth through 2026; Reported gross profit margin of mid-30%’s in 2026; Double-digit adjusted diluted EPS growth CAGR of mid-40%’s; 95-100% Free Cash Flow Conversion. “We reiterate our medium-term financial targets, considering the recent news regarding the current pause of U.S. LNG export project approvals and timing,” stated Jill Evanko, Chart’s CEO and President. “Our medium-term outlook does not include any additional Big LNG projects that were not included in our September 30, 2023 backlog nor any awards related to the Department of Energy’s $7 billion dollar Hydrogen Hub investment. Further, the addition of Howden to our portfolio in the first quarter 2023 further diversified our end-markets and full-solution offering, added geographic diversity and brought our aftermarket, service and repair business to over 30% of our annual revenue.”