Chart Industries | 10-Q: FY2025 Q2 Revenue Misses Estimate at USD 1.082 B

Revenue: As of FY2025 Q2, the actual value is USD 1.082 B, missing the estimate of USD 1.105 B.

EPS: As of FY2025 Q2, the actual value is USD 1.53, missing the estimate of USD 1.9396.

Cryo Tank Solutions

• Sales: $155.9 million for Q2 2025, a decrease of 5.8% from $165.5 million in Q2 2024.
• Gross Profit: $42.8 million for Q2 2025, an increase of 28.1% from $33.4 million in Q2 2024.
• Operating Income: $25.7 million for Q2 2025, an increase of 60.6% from $16.0 million in Q2 2024.

Heat Transfer Systems

• Sales: $295.3 million for Q2 2025, an increase of 24.8% from $236.7 million in Q2 2024.
• Gross Profit: $89.1 million for Q2 2025, an increase of 46.5% from $60.8 million in Q2 2024.
• Operating Income: $73.0 million for Q2 2025, an increase of 61.9% from $45.1 million in Q2 2024.

Specialty Products

• Sales: $292.9 million for Q2 2025, an increase of 5.5% from $277.6 million in Q2 2024.
• Gross Profit: $80.7 million for Q2 2025, a slight decrease from $80.8 million in Q2 2024.
• Operating Income: $43.0 million for Q2 2025, a decrease of 21.8% from $55.0 million in Q2 2024.

Repair, Service & Leasing

• Sales: $338.2 million for Q2 2025, a decrease of 6.2% from $360.5 million in Q2 2024.
• Gross Profit: $150.9 million for Q2 2025, a decrease of 14.6% from $176.6 million in Q2 2024.
• Operating Income: $78.9 million for Q2 2025, a decrease of 19.5% from $98.0 million in Q2 2024.

Outlook

The company has entered into a merger agreement with Baker Hughes, which is expected to result in Chart becoming a wholly owned subsidiary of Baker Hughes. The merger is subject to regulatory approvals and other customary closing conditions.