2021 marked a historical year for Chart Industries, with the cryogenic equipment manufacturer today (24th Feb) reporting record-breaking fourth quarter (Q4) orders of $460.9m and full-year orders of $1.7bn, contributing to a record backlog of $1.2bn.
Recording-breaking sales of $378.9m were also achieved by Chart in Q4, which contributed to record full-year sales of $1.3bn. The company’s historical achievements still remain with or without large-scale LNG included in the results.
“Mega orders” help to drive the above figured, with the US-based company receiving over 70 orders valued above the $1m mark in Q4, contributing to a total of 226 “mega orders” for the full-year.
In addition to capital growth, Chart also witnessed huge customer growth, representing lots of new business. For Q4 alone, Chart welcomed the addition of 99 new customers, bringing its total number of new customers for the year to 402. The majority of the customer base (37%) came from EMEA & India.
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