Chart Industries Reiterates Medium-Term Outlook
Portfolio Pulse from Benzinga Newsdesk
Chart Industries has reiterated its medium-term financial outlook, projecting double-digit sales growth in 2025 and 2026, mid-teens organic revenue growth through 2026, and significant margin expansion. The company also aims for a mid-30% gross profit margin, double-digit adjusted diluted EPS growth CAGR of mid-40%, 95-100% FCF conversion, and mid-teens ROIC by 2026.
August 02, 2024 | 10:43 am
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Chart Industries has reiterated its medium-term financial outlook, projecting double-digit sales growth in 2025 and 2026, mid-teens organic revenue growth through 2026, and significant margin expansion. The company also aims for a mid-30% gross profit margin, double-digit adjusted diluted EPS growth CAGR of mid-40%, 95-100% FCF conversion, and mid-teens ROIC by 2026.
The reiterated medium-term outlook with strong growth projections in sales, margins, and EPS is likely to positively impact investor sentiment and the stock price of Chart Industries in the short term.
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