CHART INDUSTRIES, INC. (NASDAQ:GTLS) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition.>
news release announcing the Companys financial results for the
first quarter ended March 31, 2017. 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 an adjusted earnings per share amount
that excludes restructuring and acquisition-related costs. Also
included for purposes of period-to-period comparison is an
adjusted earnings per share amount for the fourth quarter of 2016
which excludes restructuring and acquisition-related costs, and
an adjusted earnings per share amount for the first quarter of
2016 which excludes certain restructuring and acquisition-related
costs, net of a favorable impact from an insurance settlement
recorded in the quarter. In addition, with respect to the
Companys full year earnings outlook, the Company uses an adjusted
earnings per share amount that excludes restructuring and
acquisition-related costs.>>These adjusted earnings per
share amounts 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 financial measures 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 share amounts are
reconciled to earnings per share in a table at the end of the
news release, except for the adjusted earnings per share amount
included in the 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.
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Exhibit No.
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Description
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99.1
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Chart Industries, Inc. News Release, dated April 27,
2017, announcing the Companys first quarter 2017 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 00.00 at 36.31 with 365,804 shares trading hands.
