GTLS earnings analysis
What we found in GTLS's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Chart Industries reported significant declines in Q1 2026, with consolidated sales declining 11.7% to $884.8 million compared to $1,001.5 million in Q1 2025. Gross profit fell 26.0% to $251.4 million, driving a net loss of $17.1 million, down from a profit of $51.5 million the prior year. Segment performances were mostly negative, highlighting ongoing operational challenges and macroeconomic pressures.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Q1 2026 Revenue Down 11.7%
- Consolidated sales in Q1 2026 were $884.8 million, down from $1,001.5 million in Q1 2025.
- Gross Margin Declines to 28.4%
- Gross profit margin decreased to 28.4% in Q1 2026, down from 33.9% in Q1 2025.
- Operating Margin Falls to 5.9%
- Operating margin dropped to 5.9% in Q1 2026 from 15.2% in Q1 2025.
- Significant Net Loss Reported
- Reported net loss of $17.1 million in Q1 2026 compared to net income of $51.5 million a year earlier.
- Cash Position Decreased by $100.4M
- Cash and cash equivalents decreased to $269.4 million at March 31, 2026 from $369.8 million at December 31, 2025.
- Increased SG&A Expenses
- SG&A expenses rose by 7.8% to $152.0 million in Q1 2026, up from $141.0 million in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Decreased Orders in All Segments
- Total consolidated orders fell to $1,280.3 million in Q1 2026 from $1,315.6 million in Q1 2025.
- Cash Used in Operating Activities Increased
- Cash used in operating activities surged to $248.0 million in Q1 2026 from $60.0 million in Q1 2025.
- High Termination Payment Liability
- Chart incurred a $266 million termination payment due to the termination of the Flowserve merger agreement.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.38
- Gross margin
- 28.4%
- Operating margin
- 5.9%
- Segment
- Cryo Tank Solutions
- Segment
- Heat Transfer Systems
- Segment
- Specialty Products
- Segment
- Repair, Service & Leasing
What they said about what is next.
Management anticipates ongoing volatility but expects to maintain sufficient liquidity for the foreseeable future.
The filing reads worse than the one before it.
What came before.
- 10-K · February 27, 2026
- Chart Industries reported consolidated sales of $4.3 billion for 2025 (up from $4.2B in 2024 and $3.4B in 2023) and continues to emphasize its strategy as a global, molecule-agnostic provider for LNG, hydrogen, biogas…
- 10-Q · July 29, 2025
- Chart reported Q2 2025 sales of $1,082.3 million (up $42.0M or +4.0% vs Q2 2024) and diluted EPS of $1.53 (vs $1.10 in Q2 2024). Gross margin was 33.6% and operating margin 15.7%; cash and equivalents increased to…
- 10-Q · May 1, 2025
- Chart Industries reported Q1 2025 revenue of $1,001.5M, up $50.8M (+5.3%) versus Q1 2024, with gross profit of $339.8M and diluted EPS of $0.94 (vs $0.10). Gross margin expanded to 33.9% and operating margin to 15.2%,…
- 10-Q · October 27, 2023
- Chart Industries reported Q3 sales of $897.9 million (up from $412.1 million a year ago) and gross profit of $276.2 million; operating income rose to $104.4 million. Despite operating strength, net (loss) income…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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