Chart Industries will continue with “aggressive cost reduction actions” which includes the planned shutdown of the Owatonna, Minnesota, facility.
That was the key message to emerge when the company announced its First Quarter results.
Chart, like many other companies announcing their financial results, experienced the negative affect on finances due to foreign currency loss.
Net income for the first quarter of 2015 was $5.2m, which is a reduction of 56.6% when compared with net income of $12m, for the first quarter of 2014.
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