Earnings release
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Exhibit 99.1 Chart Industries Reports 2021 Second Quarter Results Atlanta , Georgia - July 22 , 2021 - Chart Industries , Inc. ( NYSE : GTLS ) today reported results for the second quarter ended June 30 , 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 : • • . Third consecutive quarter of record orders ( $ 447.9 million ) , contributing to record backlog of $ 1,083.9 million and including orders with 133 new customers and 16 first - of - a- kind ( " FOAK " ) applications Sales of $ 322.0 million were an increase of 11.6 % over the first quarter 2021 and an increase of 11.2 % compared to the second quarter of 2020 ; excluding Venture Global Calcasieu Pass Big LNG , sales increased 15.6 % compared to the first quarter 2021 and 19.2 % compared to the second quarter of 2020 Reported diluted earnings per share ( " EPS " ) of $ 0.16 and adjusted non - diluted EPS of $ 0.80 ( excluding mark - to - market for strategic equity investments ) Repair , Service & Leasing and Specialty Products comprised 50.0 % of our total net sales , the highest quarter in our history ( and compared to 41.1 % in the first quarter of 2021 and 34.1 % for the full year 2020 ) Completed acquisition of L.A. Turbine ( specialty turboexpanders on July 1 , 2021 ) and investments in Earthly Labs ( small - scale carbon capture ) and Cryomotive ( compressed cold hydrogen ) Increase to full year 2021 guidance of revenue of $ 1.38 billion to $ 1.43 billion ( increase from prior outlook of $ 1.36 billion to $ 1.41 billion ) and associated non - diluted adjusted EPS of $ 3.80 to $ 4.25 ( increase from the prior 2021 outlook of $ 3.65 to $ 4.15 ) • Given record backlog with visibility to 2022 , releasing 2022 revenue outlook of $ 1.60 billion to $ 1.70 billion • Sharing 2030 Total Addressable Market ( " TAM " ) for Specialty Products of $ 36.5 billion Three consecutive quarters of record orders set the stage for significant growth ahead both in the second half of 2021 and full year 2022 . Second quarter 2021 orders of $ 447.9 million was the highest in our history , and the third quarter in a row that we have set a new historical order record . Orders increased sequentially 7.4 % when compared to the first quarter of 2021 ( our prior historical record high ) and 83.2 % compared to the second quarter of 2020. Demand for Chart products and technologies