CHART INDUSTRIES, INC. (NASDAQ:GTLS) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.>
a news release announcing the Companys financial results for the
fourth quarter and the year ended December 31, 2016. A copy of
the news release is furnished with this Current Report on Form
8-K as Exhibit 99.1. All information in the news release is
furnished and shall not be deemed filed with the Securities and
Exchange Commission for purposes of Section 18 of the Exchange
Act, or otherwise be subject to the liability of that Section,
and shall not be deemed to be incorporated by reference into any
filing under the Securities Act or the Exchange Act, except to
the extent the Company specifically incorporated it by reference.
as Exhibit 99.1 includes adjusted earnings per diluted share
amounts for fourth quarter and full year 2016 that excludes
restructuring and acquisition related costs in the fourth
quarter, and excludes restructuring, acquisition related costs,
non-cash asset impairment charges and a flood insurance
settlement for full year 2016. Also included for purposes of
period-to-period comparison are adjusted earnings per diluted
share amounts for the fourth quarter and full year 2015 that
exclude non-cash asset impairment charges, as well as facility
shutdown, restructuring and acquisition-related costs. With
respect to the Companys 2017 full year earnings outlook, the
Company uses an adjusted earnings per diluted share amount that
excludes restructuring costs.>These adjusted earnings per
diluted share measures are not recognized under generally
accepted accounting principles (GAAP) and are referred to as
non-GAAP financial measures in Regulation G under the Exchange
Act. The Company believes these adjusted earnings per share
amounts are of interest to investors and facilitate useful
period-to-period comparisons of the Companys financial results,
and this information is used by the Company in evaluating
internal performance. The adjusted earnings per diluted share
amounts are reconciled to earnings per share in a table at the
end of the news release, except for the adjusted earnings per
diluted share amount included in the 2017 full year outlook,
which the Company is not able to reconcile because certain items
have not yet occurred or are out of the Companys control and/or
cannot be reasonably predicted.
Exhibit No.
|
Description
|
99.1
|
Chart Industries, Inc. News Release, dated February 23,
2017, announcing the Companys 2016 fourth quarter and annual results. |
About CHART INDUSTRIES, INC. (NASDAQ:GTLS)
Chart Industries, Inc. (Chart) is a diversified manufacturer of engineered equipment for the industrial gas, energy, and biomedical industries. The Company’s equipment and engineered systems are used for low-temperature and cryogenic applications. It operates through three segments, including Energy & Chemicals (E&C), Distribution & Storage (D&S), and BioMedical. The Company’s products include vacuum insulated containment vessels, heat exchangers, cold boxes, other cryogenic components and equipment for respiratory therapy. The Company’s E&C and D&S segment’s manufacture products used primarily in energy-related and industrial applications, such as the separation, liquefaction, distribution and storage of hydrocarbon and industrial gases. The Company, through its BioMedical segment, supplies cryogenic and other equipment used in respiratory healthcare and life sciences, including biological research and animal breeding. CHART INDUSTRIES, INC. (NASDAQ:GTLS) Recent Trading Information
CHART INDUSTRIES, INC. (NASDAQ:GTLS) closed its last trading session down -2.91 at 35.60 with 387,378 shares trading hands.