Chart Industries net income soars


Reporting its third quarter results last week, Chart Industries revealed both a healthy surge in net income and a 15% increase in comparable quarterly sales.

Third quarter net income of $20.4m, or 70 cents per share, rose strongly from $12.1m (or 42 cents per share) earned during the same period of 2007.

The Cleveland-based manufacturer of equipment used to produce and store hydrocarbon and industrial gases, generated quarterly sales of $188.8m, up 15% from the prior year’s total of $163.7m.

Earnings per share for the latest quarter included 1 cent for nonrecurring costs tied to the repurchase and retirement of $6.8m of the company’s high-yield senior subordinated notes.

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