Chart Industries Updates Full Year 2023 Sales Guidance From Prior Outlook Of $3.66B-$3.80B To $3.45B-$3.50B
Portfolio Pulse from Benzinga Newsdesk
Chart Industries has updated its full year 2023 sales guidance from the previous outlook of $3.66B-$3.80B to $3.45B-$3.50B. The revision is due to the removal of sales associated with American Fan, Cryo Diffusion, and Cofimco, following their accelerated divestitures, and revenue timing between quarters.
October 27, 2023 | 10:38 am
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Chart Industries' revised sales guidance for 2023 could potentially impact the company's stock price. The lower guidance is due to accelerated divestitures and revenue timing.
The revised sales guidance by Chart Industries, which is lower than the previous outlook, indicates potential challenges in the company's revenue generation. This could negatively impact investor sentiment and potentially lead to a decrease in the company's stock price in the short term.
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