Chart Industries Reiterated Medium Term Mid-Teens Organic Revenue Growth through 2026, Adj EPS Growth CAGR of Mid-40%'s
Portfolio Pulse from Benzinga Newsdesk
Chart Industries projects mid-teens organic revenue growth through 2026, with adjusted EPS growth CAGR of mid-40%'s, driven by market trends, a shift to higher aftermarket and full-solution project mix, synergies, and CBE activities. They also expect a reported gross profit margin of mid-30%'s, 95 to 100% free cash flow conversion, and mid-teens ROIC.
May 03, 2024 | 10:37 am
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Chart Industries projects significant growth through 2026, with mid-teens organic revenue growth and mid-40%'s adjusted EPS growth CAGR.
The company's projection of mid-teens organic revenue growth and mid-40%'s adjusted EPS growth CAGR through 2026 indicates strong future performance. This outlook is based on continued market demand, strategic shifts towards higher-margin projects, and operational efficiencies. Such positive guidance is likely to be viewed favorably by investors, potentially leading to a short-term increase in stock price.
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