Chart Industries Inc. has reported record orders, sales and backlog in its 2019 fourth-quarter (Q4) results.
The US-based cryogenic equipment manufacturer posted Q4 orders of $343.5m, a 20% increase over Q3 2019, which contributed to record full year orders of $1,412.9m, a 23.7% increase over full year 2018. The increase was driven by record orders in trailers, LNG fuelling stations, cryogenic equipment in India, lasers, hydrogen, cannabis and water treatment.
Energy & Chemicals Cryogenics orders of $54.4m was a 55% increase over Q3 2019, with no significant Big LNG orders received in either quarter.
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