Industrials businesses quietly power the physical things we depend on, from cars and homes to e-commerce infrastructure. Still, their generally high capital requirements expose them to the ups and downs of economic cycles, and the market seems to be baking in a prolonged downturn
as the industry has shed 8.6% over the past six months. This drop was worse than the S&P 500’s 1.6% loss.
Earnings results often indicate what direction a company will take in the months ahead. With Q4 behind us, let’s have a look at Chart (NYSE:GTLS) and its peers.
Let’s dig into the relative performance of SPX Technologies (NYSE:SPXC) and its peers as we unravel the now-completed Q4 gas and liquid handling earnings season.
Gas handling company Chart (NYSE:GTLS) fell short of the market’s revenue expectations in Q4 CY2024, but sales rose 9% year on year to $1.11 billion. On the other hand, the company’s full-year revenue guidance of $4.75 billion at the midpoint came in 1.4% above analysts’ estimates. Its non-GAAP profit of $2.66 per share was 15.5% below analysts’ consensus estimates.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Chart (NYSE:GTLS) and the best and worst performers in the gas and liquid handling industry.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how gas and liquid handling stocks fared in Q3, starting with Helios (NYSE:HLIO).
