Chart Industries Inc. reported resoundingly successful results for the second quarter ended 30th June 2008, including a sales growth of almost 20% to reach close to $200m.
Net sales for the second quarter of 2008 increased 18% to $197.8m from $167.6m in the comparable period a year ago. Gross profit for the second quarter of 2008 was $64m, or 32.3% of sales, compared to $51.3m in the comparable quarter of 2007.
Among other highlights, net income for the second quarter of 2008 totalled $22.2m compared with second quarter 2007 net income of $8.4m. Positive performances were notably felt across the Energy & Chemicals, Distribution & Storage, and BioMedical segments.
$quot;We are very pleased with the continued quarterly margin improvement led by our Energy & Chemicals (E&C) segment resulting from a more favorable project mix and continued improvements in project execution,$quot; stated Sam Thomas, Chart’s Chairman, President and CEO.
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