Hydrogen continues to be the hottest speciality market for Chart Industries, with record orders of $38m and backlog of $39m in 2020.
That’s according to Jill Evanko, Chart’s President and CEO who today (18th Feb) unveiled the company’s Q4 and full year 2020 financial results, highlighting great successes for the business.
For the year, Chart celebrated a number of records, including backlog of $810m, gross margin as a percent of sales of 28.2%, operating income dollars of $108m and operating income as a percent of sales of 9.2%.
“The combination of strong free cash flow, strategic investments, record backlog and operational execution resulted in multiple full year 2020 and fourth quarter 2020 records, but more importantly, puts us in position to make 2021 a breakthrough year for our business as we serve our global energy and industrial gas customers’ growing and changing needs,” Evanko said.
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