Chart Industries Sees FY23 Sales Of $3.66B-$3.80B Vs. $3.66B Consensus ; Adjusted EBITDA Of $780M-$810M; Adjusted EPS Of $5.70-$6.70 (prior $5.50-$6.70) Vs. $5.93 Consensus
Portfolio Pulse from Benzinga Newsdesk
Chart Industries has reiterated its FY23 sales outlook of $3.66B-$3.80B, in line with the consensus of $3.66B. The company also expects adjusted EBITDA of $780M-$810M and adjusted EPS of $5.70-$6.70, slightly higher than the previous range of $5.50-$6.70 and the consensus of $5.93. The company's 2023 outlook for adjusted free cash flow remains unchanged at $300M-$350M, and cash available for debt paydown is expected to be $655M-$705M.
July 28, 2023 | 10:47 am
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POSITIVE IMPACT
Chart Industries' FY23 sales outlook is in line with consensus, while its adjusted EPS outlook is slightly higher than the previous range. This could potentially have a positive impact on the company's stock.
The company's FY23 sales outlook is in line with the consensus, indicating that the market's expectations are being met. Additionally, the adjusted EPS outlook is slightly higher than the previous range, which could be seen as a positive sign by investors, potentially leading to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100