Quarter two (Q2) 2022 was yet another record-breaking quarter for Chart Industries, with the US cryogenic equipment manufacturer reporting record orders of $887.8m and record sales of $404.8m.
Q2 sales of $404.8m were the company’s highest to date and increased 25.7%, compared to Q2 2021 and 14.3% compared to Q1 2022. Record orders also highlighted a strong demand for bio-LNG, with $300m worth of orders being related to this.
That was by no means in in terms of milestones for the firm, however, with record gross margin of $94.8m and record reported operating income of $29.6m also reported in the quarter, ended 30th June (2022).
“It was not only LNG-related activity in the second quarter 2022 driving these historical records,” Chart explained in a statement.
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