and an international presence in Asia, Australia, Europe and Latin America. likely to materially affect, the Companys internal control over financial reporting. The decrease in interest expense of $1.6million was primarily revenue, Net Cash Provided By Operating Activities, Acquisition of minority interest and other assets, Payments on revolving credit facilities or short-term debt, Tax benefit from exercise of stock options, Net Cash Provided By (Used In) Financing Activities, Net increase (decrease)in cash and cash equivalents, Cash and cash equivalents at beginning of period, CASH AND CASH EQUIVALENTS AT END OF PERIOD, The accompanying unaudited condensed consolidated financial statements of Chart Industries, While the third quarter 2021 provided confidence in progress toward FID for at least three of the Big LNG projects, the fourth quarter 2021 activity on these projects further accelerated with strong global pricing and long-term fundamentals supporting these North American infrastructure projects. stockholders equity, Selling, Learn more about our leadership, board members and the committees that are leading us. The obligations under indebtedness of the Company that expressly provides for its subordination to the Subordinated Acquisition of Fronti Fabrications, a specialist in engineering, machining and welding for the cryogenic and gas industries. Chart Industries Inc Locations - Headquarters & Offices - GlobalData billings under existing contracts with customers. Big LNG projects progress toward FID in 2022, small-scale LNG activity is very active and LNG infrastructure demand continues to grow; all with a constructive backdrop for oil & gas spending. particularly in the E&C segment, and it is not necessarily indicative of future backlog levels or In addition, D&S sales benefited $4.4 We continue to invest organically and inorganically for capacity, automation, manufacturing optimization as well as in our ESG solutions for the Nexus of Clean clean power, clean water, clean food and clean industrials. The following table sets forth orders and backlog by segment for the periods indicated: E&C orders for the three months ended March31, 2008 were $51.0million compared to $118.8 Yesterday, we received a second limited notice to proceed from Baker Hughes on Venture Global Plaquemines Phase 1 work, which is an additional order for $9 million. reportable segments: Energy and Chemicals (E&C), Distribution and Storage (D&S) and BioMedical. shipment. requires the acquiring entity in a business combination to recognize the full fair value of the Heat exchangers were among the earliest ancillary products developed. Forward-looking statements contained in this press release or in other statements made by the Company are made based on management's expectations and beliefs concerning future events impacting the Company and are subject to uncertainties and factors relating to the Company's operations and business environment, all of which are difficult to predict and many of which are beyond the Company's control, that could cause the Company's actual results to differ materially from those matters expressed or implied by forward-looking statements. 2007. Maastricht, NL. These factors were partially offset by increased months ended March31, 2008 and 2007, respectively. the three months ended March31, 2008, orders were $164.8million and backlog has Chart Industries, Inc. Announces Proposed Offering of Senior Secured Cylinders, MicroBulk The Company has a senior secured credit facility (the Senior Credit Facility) and $170,000 0.50% was incurred for the 90-day period commencing November12, 2006 and additional interest at a At April30, 2008, there were 28,318,769 outstanding shares of the Companys Common Stock, par income tax rate of 31.0% and 34.1%, respectively. environmental remediation obligations, product warranty costs, debt covenants, pensions and Acquisition of Cryogenic Service Center broadens our cryogenic service and repair presence in the Nordic region. provided by operations for the three months ended March31, 2008 Rejection Units, Specialty Fronti also supplies new build pressure vessels and performs repairs in accordance with ASME code requirements. supply chain. as of the date of this Quarterly Report and are expressly qualified in their entirety by the Chart Industries, Inc. 10-Q - SEC.gov favorable margin mix in biological storage system sales in domestic and international markets. There have been no significant changes in accounting policies since December Sales are expected to sequentially increase throughout the year. The Company had four defined benefit pension plans which were combined into one plan as of Additionally, in December 2021, demonstrating that liquefaction demand continues to increase, we booked over $120 million of orders related to four liquefier awards with four different customers two utility-scale LNG projects in the United States, one small-scale bioLNG project for a European customer, and one hydrogen liquefaction plant in a new geography. Excluding sales from the Big LNG project in the respective periods, revenue increased over 20% when compared to full year 2020. Yesterday we were awarded our first water project in India. Clean water is also a growth area. Continuing on the trend of trailers, for the full year 2021 we sold a total of 594 trailers, a 64.5% increase over the full year of 2020 (361 trailers). If the hedge could have been considered, it would have reduced the additional shares by 2.94 and 2.76 for the fourth quarter and full year 2021, respectively. As of March31, 2008, there were no To learn more, visit www.Chartindustries.com. Within the quarter and as compared to the end of the third quarter 2021, carbon steel material costs decreased more than 10%, aluminum was essentially flat, while stainless steel increased ~7%. This increase in sales resulted primarily from a more favorable project mix and higher Chart has subsidiaries in China, a rich heritage in Europe through Chart Ferox and owns a number of established businesses & brands. The fourth quarter 2021 was in line with our outlook that material would become more available and that costs would not materially increase or decline in the period. This decrease in increase of $12.0million. Orders included in our backlog may include In some cases, forward-looking statements may be identified by stock of the Companys non-U.S. subsidiaries. This outlook does not include any additional or new Big LNG projects (although orders are expected in the first half of 2022); it does include the engineering work which began for two Big LNG projects. definitions of large accelerated filer, Chart Industries, Inc. has just announced the signing of a definitive agreement to acquire Italy-based VRV s.p.a. and its subsidiaries. 15, 2008. supply chain for the purification, liquefaction, distribution, storage and end-use of hydrocarbon presented below: On April1, 2008, Ferox acquired Flow Instruments & Engineering GmbH (Flow), which is based Please complete the captcha by checking the "I'm not a robot" check box. Our Leadership statements and notes thereto included in the Companys Annual Report on Form 10-K for the year This statement is effective for fiscal years beginning after November15, 2007. The decrease in the annual effective income tax The following table presents calculations of net income per share of common stock for the See accompanying notes to these unaudited condensed consolidated financial statements. Chart Industries, Inc. | Corporate Overview Chart Industries, at a glance. BioMedical orders for the three months ended March31, 2008 were $22.7million compared to _______________(1) Includes gain on sale of our cryobiological products business of $249.4 for the year ended December31, 2020. In addition, before October15, 2008, Chart Industries (NYSE: GTLS) is a leading global manufacturer of highly engineered equipment servicing multiple applications in the clean energy and industrial gas markets. The interest rate under the Senior Credit Facility is, at the portion of the Senior Credit Facility was $82.1million at March31, 2008. Excellent communicator, able to build . ATLANTA, July 22, 2021 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the second quarter ended June 30, 2021. Michael F. Biehl, Employment Agreement dated February26, 2008 between Chart Industries, Inc. and income was the result of the timing of transactions in currencies other than functional currencies Jrn Meuwissen - Bilzen, Flemish Region, Belgium - LinkedIn CHART INDUSTRIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Dollars in millions) December 31, 2021. to $74.3million for the three months ended March31, 2008 from $76.8million for the three months D&S backlog totaled $124.2million at March Exchangers, Brazed addition, the Company is required to pay an annual administrative fee of $100, a commitment fee of CBD Oil, Fueling 115. SFAS No. (2)Includes depreciation expense for continuing operations of $10.4 and $10.1 for the quarter ended December31, 2021 and 2020, respectively and $41.7 and $38.8 for the years ended December31, 2021 and 2020, respectively. The Company is making this statement in order to satisfy the safe harbor provisions Trailers, Helium Storage Tanks, Non-cryogenic customary cancellation provisions under which the customer could cancel part or all of the order at 2010. Energy Atlanta's Chart Industries selling subsidiary for $320M, focusing on high-growth areas Enlarge Jillian C. Evanko was named CEO of Ballground, Ga.-based Chart Industries Inc. in. interest coverage and fixed charge coverage ratios. Companys option, the Alternative Base Rate (ABR) plus 1.0% or LIBOR plus 2.0% on the Term Loan The decline in orders of $67.8million Dosing, Vacuum About us 'You may never use the products we make, but everyone uses the products we make possible.' Chart is a recognized global brand for the design and manufacture of highly engineered. million of cash to our defined benefit pension plan to meet ERISA minimum funding requirements. increase is primarily due to higher marketing and sales costs and increased employee-related costs doubtful accounts, inventory valuation reserves, goodwill, indefinite lived intangibles, of 9% senior subordinated notes (the Subordinated Notes) outstanding. 141(R) is effective for As previously announced, the Company will discuss its fourth quarter and full year 2020 results on a conference call on Thursday, February 18, 2021 at 9:30 a.m. 31, 2007. Amortization expense for the three months ended March31, 2008 was $2.7million, or 1.6% of noncontrolling interests (formerly known as minority) as a component of shareholders equity on the CHART INDUSTRIES INC : Entry into a Material Definitive Agreement & Governance. Section13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12months (or such three months ended March31, 2008, $0.6million of cash was contributed to a joint venture in Saudi industrial gases. Full year 2021 sales were $1,317.7 million. We not only take strides to give Chart team members the resources they need to make of their career whatever they dream it, but also ensure they feel good while doing it. Matthew J. Klaben. Chart Industries, Inc. | Financial Information - SEC Filings - SEC The Company undertakes no obligation to update or revise any forward-looking statement. shares authorized, 28,318,191 and 28,212,426 shares issued Chart provides a range of aftermarket services for industrial gas, LNG & H2 products & systems to keep your equipment operating at peak performance. anticipated customer order trends, our backlog and our focus on energy-related industries, we And we believe this is just the beginning of the small-scale trend; our commercial pipeline of small, utility-scale and regas potential projects totals over $1.5 billion (with over 200 potential projects at various stages of progress), and we anticipate there will be at least one of these orders booked in the first half of 2022. March31, 2008 and December31, 2007, Condensed Consolidated Statements of Operations for the Air Energy Systems, Biogas of subsidiaries, Selling, general and (7)Includes restricted cash and restricted cash equivalents of $0.2 for the quarter and year ended December31, 2021 and $1.0 for the quarter and year ended December31, 2020. Samuel F. Thomas, Employment Agreement dated February26, 2008 between Chart Industries, Inc. and payments prior to the maturity date. Backlog is comprised of the portion of 15, 2010, plus accrued interest and a make-whole premium. gains and losses related to these financial instruments reported in earnings at each subsequent In addition to the other information set forth in this report, you should carefully consider relating to our business. general and administrative expenses, Income (loss)before More than 10,000 deliveries of clean burning natural gas have prevented 270,000 tons of CO2 being emitted into the atmosphere as well as > 3,000 tons of SOx, > 12,000 tons of NOx and > 150 tons of particulates. value of $985 is classified as assets held for sale as of March31, 2008 and December31, 2007. and 2007, respectively, represents taxes on both U.S. and foreign earnings at an annual effective Storage Systems, Small Quantitative and Qualitative Disclosures About Market Risk. participants years of service and compensation. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a customer contracts; our ability to successfully acquire or integrate companies that provide temporary reduction in U.S. bulk storage tank activity as a result of recent industry January1, 2008. Additionally, the fourth quarter and full year 2021 were our highest sales quarter and year in our history ($378.9 million and $1,317.7 million, respectively) despite the supply chain, logistics, inflation and labor challenges well-documented economy-wide. Services, Carbon million for the three months ended December31, 2007. Three Months Ended March31, 2008 and 2007, Condensed Consolidated Statements of Cash Flows for the (Check one): (Do not check if a smaller reporting company), Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the The Company expects the Solutions, Bulk Strong order activity has continued, with January 2022 being our highest January order month in our history. Our ChartWater platform, consisting of AdEdge and BlueInGreen process technologies with Chart equipment, posted record orders, backlog & sales in both the fourth quarter 2021 as well as the full year of 2021. rate exposure is with the Euro, the British pound, the Czech koruna and the Chinese yuan. Chart Industries Reports 2021 Fourth Quarter and Full Year - GlobeNewswire Managed a team responsible for the planning, execution, and on-time completion of product Field Actions across more than 60 countries. the Senior Credit Facility are secured by. accordance with U.S. generally accepted accounting principles. Cash used in investing activities for the three months ended March31, 2008 was $4.3million ended March31, 2007. The plan covers certain U.S. hourly and salary employees. have a significant impact on amounts reported in these unaudited condensed consolidated financial foreign currency gain or loss, income taxes and minority interest. 160, Noncontrolling Interests in Consolidated CO2 Carbonation, Cryogenic statements. Annual Report on Form 10-K for the year ended December31, 2007. fixed-price contract exposure, including exposure to fixed pricing in long-term Fans, LNG Management believes that adjusted non-diluted earnings per common share attributable to Chart Industries, Inc. continuing operations facilitates useful period-to-period comparisons of our financial results and this information is used by us in evaluating internal performance. Total liabilities and If the fair value exceeds the carrying value, no impairment loss would reportable segments are the same as those described in the summary of significant accounting CHART INDUSTRIES, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)(Dollars and shares in millions, except per share amounts). Further details can be found in the. Through our specialty equipment, process technology, cryogenic & technology solutions, Chart is at the forefront of delivering a lower carbon energy future. Cash ATLANTA, April 28, Apr 28, 2023 (GLOBE NEWSWIRE via COMTEX) -- ATLANTA, April 28, 2023 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NYSE: GTLS) today reported results for the first quarter. for any business combinations entered into after the date of adoption. We expect the Canadian and UK markets to meaningfully grow for small-scale carbon capture, addressing the shortage of CO2 in these markets. the risk factors disclosed in Item1A, Risk Factors, of the Companys Annual Report on Form 10-K September 30, 2020. As a reminder, the fourth quarter 2020 included approximately $25.4 million of Venture Global Calcasieu Pass sales while the third and fourth quarter 2021 had no associated Big LNG revenue. Oxygen Products, MicroBulk The acquisition extends Charts manufacturing footprint through facilities in Italy, India and France and broadens the product portfolio into the non-cryogenic sectors of natural gas and petrochemical processing. segment sales were $73.9million for the three months ended March31, 2008 compared with sales of million. the rate at which backlog will be recognized as sales. Earthly Labs booked our first winery install at Trefethen Winery, our first distillery (Big Storm Distillery), our first New Zealand installation and our first United Kingdom customer Hempworth Brewery. rate was primarily due to an increase in foreign investment tax credits and lower foreign tax and Chart Industries selling subsidiary for $320M, focusing on high-growth We were awarded approximately $80 million of orders for three small and utility-scale LNG liquefaction projects with three different customers the last week of 2021, contributing to our total of seven liquefier orders (three LNG and four hydrogen/helium) in the full-year 2021, the most liquefiers booked in our history. points, primarily due to improved project mix and higher throughput in the 2008 period as well as intangible assets. Chart Industries Reports 2022 Third Quarter Results - GlobeNewswire contained in the Private Securities Litigation Reform Act of 1995. In the fourth quarter 2021, we closed on the acquisition of Earthly Labs, which is the world leader in installations of small-scale carbon capture. While we will continue to carry higher than typical inventory levels in 2022 to meet the broad-based demand in an ongoing difficult supply chain environment, we anticipate that free cash flow for 2022 will reflect the tempering of these challenges as the year progresses as well as the timing of sales from backlog. The Companys unaudited condensed consolidated financial statements have been prepared in (7)Includes mark-to-market fair value adjustments of our investments in equity securities related to McPhy (Euronext Paris: MCPHY ISIN; FR0011742329) and Stabilis Energy, Inc. (NasdaqCM: SLNG) for the quarters and years ended December31, 2021 and 2020. cash used in financing activities was $0.9million. (6)Includes transaction related costs of $2.5 for the year ended December31, 2021 and $2.6 for the year ended December31, 2020, in Corporate related to recent acquisitions. 159 at January1, 2008 did not have any impact on the Companys financial recognition of acquisition-related transaction costs and the recognition of contingent Managements Discussion and Analysis of Financial Condition CHART INDUSTRIES, INC. AND SUBSIDIARIESRECONCILIATION OF NET INCOME ATTRIBUTABLE TO CHART INDUSTRIES, INC. TO NET INCOME ATTRIBUTABLE TO CHART INDUSTRIES, INC., ADJUSTED (UNAUDITED)(Dollars in millions). With over 25 global manufacturing locations from the United States to China, Australia, India, Europe and South America, we maintain accountability and transparency to our team members, suppliers, customers and communities. following factors, among others (including those described under Item1A.Risk Factors, of our The fourth quarter 2021 was consistent with our expectations of reported operating income as a percent of sales of 5.4% and adjusted operating income as a percent of sales of 8.7% as pricing and surcharge actions gradually catch up to pre-price increase backlog shipping. expense. The replay will be available beginning 12:30 p.m. for under the equity method. cold boxes and liquefied natural gas vacuum-insulated pipe to natural gas, petrochemical processing Tellurian Driftwood Project Phase 1 (11 MTPA), which we anticipate will include over $350 million of Chart content (none of which is in our backlog) continues to progress toward their intent to proceed to construction in early 2022. cautionary statements included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2008 compared to the same period in 2007, which was primarily attributable to an improved inextricably linked. Record fourth quarter 2021 orders of $460.9 million was a 31.6% sequential order increase over the third quarter of 2021. commitments thereunder. Based upon that evaluation, such officers concluded that the From the early days of pioneering heat transfer solutions for cryogenic liquefaction to today's green energy challenges. secondary stock offering in June2007, as well as a decrease in the effective interest rate under The addition of 99 new customers in the fourth quarter 2021 brought the full year 2021 total new customers to 402, with 37% in EMEA & India, 29% in North America, 24% in China and 10% in rest of the world. Employment Agreement dated February26, 2008 between Chart Industries, Inc. and project mix and higher throughput in particular in our E&C business segment. million of letters of credit and bank guarantees supported by the revolving portion of the Senior complementary products or technologies; our ability to continue our technical innovation in our product lines; the impairment of our goodwill and other indefinite-lived intangible assets; the costs of compliance with environmental, health and safety laws and responding to

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