Chart Industries today (28th Oct) celebrated yet another milestone fiscal quarter, with quarter three (Q3) financial results highlighting record backlog of $2.3bn and record sales of $412.1m.
For the quarter, the US cryogenic equipment manufacturer also reported gross margin of $104.6m, the highest in its history and 39.7% higher than its Q3 2021 results.
Reported gross margin as a percentage of sales of 25.4% was the highest since Q2 2021. This contributed to record reported operating income of $41.7m, an increase of 202.2% compared to the Q3 2021.
Q3 2022 also reported non-diluted EPS of $1.15, a historical record for Chart.
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