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Chart Industries Reiterates Medium-Term Outlook

Author: Benzinga Newsdesk | August 02, 2024 06:43am

The company anticipates to sequentially grow sales in 2025 and 2026 each in double digits, continue our margin expansion and generate more cash with capital expenditures as a percentage of sales in the 2.0 to 2.5% range.

Medium-term financial targets are:

  • Mid-teens organic revenue growth through 2026
  • Reported gross profit margin of mid-30%'s by 2026
  • Double-digit adjusted diluted EPS growth CAGR of mid-40%'s
  • 95-100% FCF conversion
  • Return on invested capital ("ROIC") of mid-teens

Posted In: GTLS


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