Chart Industries, Inc. Company Profile

Background

Chart Industries, Inc. (NYSE: GTLS) is a global leader in the design, engineering, and manufacturing of highly engineered equipment for the production, storage, and end-use of hydrocarbon and industrial gases. With a history dating back to 1859, Chart has evolved into a key player in the cryogenic equipment industry, serving diverse sectors including energy, industrial gas, and biomedical applications. The company's mission is to provide innovative solutions that facilitate the efficient and safe handling of cryogenic liquids and gases, thereby contributing to advancements in clean energy and industrial processes.

Key Strategic Focus

Chart Industries focuses on delivering comprehensive solutions across the liquid gas supply chain. The company's strategic objectives include expanding its presence in clean energy markets, enhancing technological capabilities, and maintaining a diversified product portfolio. Key areas of specialization encompass cryogenic storage tanks, heat transfer systems, and specialty products tailored for applications such as hydrogen, liquefied natural gas (LNG), and carbon capture. Chart leverages advanced technologies, including proprietary cryogenic systems and carbon capture solutions, to serve primary markets in energy, industrial gas, and biomedical sectors.

Financials and Funding

As of the fiscal year ending December 31, 2024, Chart Industries reported revenues of approximately $4.2 billion, with a net income of $232.8 million. The company's market capitalization stood at $5.3 billion as of October 29, 2024. Chart's financial strategy emphasizes sustainable growth through strategic acquisitions and investments in research and development to drive innovation and market expansion.

Pipeline Development

Chart Industries is actively engaged in developing and delivering products that support the transition to cleaner energy sources. Notable developments include:

• Hydrogen Solutions: Collaborated with Ballard Power Systems in 2022 to successfully test a liquid hydrogen fuel cell at Chart’s hydrogen test facility in Minnesota, USA.

• Carbon Capture Technologies: Acquired Earthly Labs, Inc. in 2021, a leading provider of small-scale carbon capture systems, enhancing Chart's capabilities in carbon capture and utilization.

• Water Treatment Solutions: Launched ChartWater™ in 2021, focusing on innovative water treatment solutions leveraging core engineering and manufacturing expertise.

These initiatives align with Chart's commitment to supporting sustainable energy solutions and addressing environmental challenges.

Technological Platform and Innovation

Chart Industries distinguishes itself through a robust technological platform that includes:

• Proprietary Technologies: Development of cryogenic systems and equipment operating at extremely low temperatures, approaching absolute zero, for applications in LNG, hydrogen, and industrial gases.

• Scientific Methodologies: Implementation of advanced heat transfer systems, including brazed aluminum heat exchangers and cold boxes, to optimize the efficiency of gas liquefaction and separation processes.

• AI-Driven Capabilities: Integration of data analytics and machine learning algorithms to enhance product performance, predictive maintenance, and operational efficiency.

These innovations position Chart as a leader in providing cutting-edge solutions for the energy and industrial gas markets.

Leadership Team

Chart Industries' leadership team comprises experienced professionals dedicated to driving the company's strategic vision:

• Jillian C. Evanko: President, Chief Executive Officer, and Director since June 2018. Previously served as Chief Financial Officer of Chart and held executive positions at Truck-Lite Co., LLC and Dover Corporation.

• Joseph R. Brinkman: Vice President and Chief Financial Officer. Joined Chart in 1993, holding various roles including Product Engineer and Strategic Sourcing Manager.

• Joseph A. Belling: Chief Technology Officer, responsible for global engineering and project management. Previously served as Chief Commercial Officer and President of the Energy & Chemicals segment at Chart.

• Herbert G. Hotchkiss: Vice President, General Counsel, and Secretary since March 2019. Prior experience includes Vice President and Corporate Counsel at Truck-Lite Co., LLC.

• Gerald F. Vinci: Vice President and Chief Human Resources Officer since December 2016. Held various executive HR roles at Dover Corporation and Harsco Corporation.

This team brings a wealth of experience in engineering, finance, legal, and human resources, contributing to Chart's ongoing success.

Leadership Changes

In March 2023, Chart Industries completed the acquisition of Howden, a global provider of mission-critical air and gas handling products and services. This strategic move expanded Chart's product offerings and market reach, reinforcing its position in the energy and industrial gas sectors.

Competitor Profile

Market Insights and Dynamics

The cryogenic equipment industry is characterized by significant growth potential, driven by increasing demand for clean energy solutions and industrial gases. Key trends include the adoption of LNG as a transitional fuel, advancements in hydrogen technologies, and the implementation of carbon capture and storage systems.

Competitor Analysis

Chart Industries operates in a competitive landscape with several key players:

• Linde plc: A global leader in industrial gases and engineering, offering a comprehensive range of products and services.

• Air Products and Chemicals, Inc.: Specializes in providing industrial gases and related equipment, with a strong focus on hydrogen and LNG markets.

• Pentair: Provides residential and commercial water solutions, competing in overlapping segments with Chart's water treatment offerings.

• Paul Mueller Company: Designs and manufactures equipment for various industries, including food, dairy, and chemical sectors.

These competitors offer diverse products and services, contributing to a dynamic and evolving market environment.

Strategic Collaborations and Partnerships

Chart Industries has established significant collaborations to enhance its market position and innovation capacity:

• Ballard Power Systems: In 2022, successfully tested a liquid hydrogen fuel cell, demonstrating advancements in hydrogen technology.

• Bloom Energy: Entered into a carbon capture partnership in 2025, utilizing Chart's cryogenic carbon capture technology to reduce emissions.

• ExxonMobil: Signed a global master goods and services agreement in 2025, expanding Chart's reach in the energy sector.

These partnerships underscore Chart's commitment to innovation and addressing global energy challenges.

Operational Insights

Chart Industries differentiates itself through:

• Comprehensive Product Portfolio: Offering a wide range of cryogenic equipment and solutions across multiple applications.

• Technological Expertise: Continuous investment in research and development to maintain a competitive edge.

• Global Presence: Operations across the United States, Asia, Australia, Europe, and Latin America, enabling effective service to a diverse customer base.

These factors contribute to Chart's strong market position and ability to meet evolving customer needs.

Strategic Opportunities and Future Directions

Looking ahead, Chart Industries aims to:

• Expand Clean Energy Solutions: Enhance offerings in hydrogen, LNG, and carbon capture technologies to support global energy transitions.

• Pursue Strategic Acquisitions: Identify and integrate complementary businesses to broaden product lines and market reach.

• Invest in Innovation: Continue research and development efforts to introduce cutting-edge technologies and maintain industry leadership.

By leveraging its strengths and focusing on these strategic areas, Chart is well-positioned to achieve its future objectives.

Contact Information

• Website: Chart Industries Official Website

• LinkedIn: Chart Industries LinkedIn Profile

• Twitter: Chart Industries Twitter Profile

• Facebook: Chart Industries Facebook Page

For more detailed information, please visit the company's official website and social media profiles.