Earnings release
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Exhibit 99.1 Chart Industries Reports 2021 First Quarter Results Atlanta , Georgia - April 22 , 2021 - Chart Industries , Inc. ( NYSE : GTLS ) today reported results for the first quarter ended March 31 , 2021. Further details can be found in the supplemental presentation included with this release . All figures in this release and supplemental presentation represent our continuing operations in our external reportable segments of Cryogenic Tank Solutions ( " CTS " ) , Heat Transfer Systems ( " HTS " ) , Specialty Products ( " Specialty " ) and Repair , Service & Leasing ( " RSL " ) . Highlights include : . • . . Record orders of $ 417.2 million ( excluding Big LNG ) , contributing to record backlog of $ 934.1 million and including orders with 105 new customers and 21 first - of - a - kind ( " FOAK " ) Reported diluted earnings per share ( " EPS " ) of $ 0.63 ( + 950 % or 10.5 times compared to Q1 2020 ) ; when adjusted for one - time costs , adjusted diluted EPS was $ 0.80 ( + 196 % compared to Q1 2020 ) Gross margin as a percent of sales of 29.1 % ( 29.9 % adjusted ) is the highest in four years , reflecting the increasing growth of our higher margin business and continued operational execution ; gross margin as a percent of sales increased over 100 basis points ( both reported and adjusted ) when compared to the first quarter 2020 and the fourth quarter 2020 Repair , Service & Leasing and Specialty Products comprised 41.1 % of our total net sales , the highest quarter in our history ( and compared to 34.1 % for FY 2020 ) Completed acquisition of Cryo Technologies ( hydrogen liquefaction ) and investments in Svante ( carbon capture ) and Transform Materials ( hydrogen ) Full year 2021 guidance of revenue of $ 1.36 billion to $ 1.41 billion is an increase from prior outlook of $ 1.32 billion to $ 1.38 billion and associated non - diluted adjusted EPS of $ 3.65 to $ 4.15 , an increase from the prior 2021 outlook of $ 3.50 to $ 4.00 2021 started off with momentum . Orders of $ 417.2 million were the highest in our history ( excluding Big LNG ) , driven by broad based demand , including a recovery in certain end markets , continued demand for our clean products supporting the strongest current macro trend