Chart Industries results ‘higher than expected’


The CEO of Chart Industries, Inc. a leading independent global manufacturer of highly engineered equipment used in the production, storage and end-use of hydrocarbon and industrial gases, has said the company’s balance sheet has never been stronger.

Net income for the fourth quarter of 2009 was $15.5m, or $0.53 per diluted share. This compares with $21.7m, or $0.75 per diluted share, for the fourth quarter of 2008.

Net sales for the fourth quarter of 2009 decreased 31% to $128.9m from $187.5m in the comparable period a year ago.

Gross profit for the fourth quarter of 2009 was $43.9m, or 34% of sales, versus $57.3m, or 31% of sales, in the comparable quarter of 2008.

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