"GlobeNewswire" declare : Chart Industries Reports 2016 Fourth Quarter and Year-End Results Nasdaq:GTLS
E&C gross profit margins were 18.3% in the 2016 quarter compared with 32.1% in the same quarter of 2015. Fourth quarter 2016 adjusted earnings were break even, excluding $4.7 million, or $0.11 per diluted share of restructuring, including severance related costs recorded in the quarter. Net sales for the fourth quarter of 2016 were $214.4 million compared to $260.8 million in the comparable period a year ago. Cash and short-term investments were $282.0 million at December 31, 2016, which compares with $123.7 million at December 31, 2015. CLEVELAND, Feb. 23, 2017 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NASDAQ:GTLS), a leading diversified global manufacturer of highly engineered equipment for the industrial gas, energy, and biomedical industries, today reported results for the fourth quarter and year ended December 31, 2016.
as mentioned in Chart's Net sales for the Q4 of 2016 were $214.4m compared to $260.8m in the comparable period the year before. Gross profit for 2016 was $266.4m (31.0% of sales) compared to $288.5m (27.7% of sales) in the full year 2015. Chart industries has reported a net loss of $3.3m for the Q4 of 2016. Selling, general and administrative (SG&A) expenses for the Q4 of 2016 were $52.0m compared to $53.9m in the prior year quarter. Net sales for the year 2016 were $859.2m compared to $1bn in the comparable period the year prior.
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as mentioned in Chart's Net sales for the Q4 of 2016 were $214.4m compared to $260.8m in the comparable period the year before. Gross profit for 2016 was $266.4m (31.0% of sales) compared to $288.5m (27.7% of sales) in the full year 2015. Chart industries has reported a net loss of $3.3m for the Q4 of 2016. Selling, general and administrative (SG&A) expenses for the Q4 of 2016 were $52.0m compared to $53.9m in the prior year quarter. Net sales for the year 2016 were $859.2m compared to $1bn in the comparable period the year prior.
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Chart Industries (GTLS) Q4 2016 Results - Earnings Call Transcript
Chart Industries, Inc. (NASDAQ:GTLS)Q4 2016 Earnings CallFebruary 23, 2017 10:30 am ETExecutivesKenneth J. Webster - Chart Industries, Inc.Samuel F. Thomas - Chart Industries, Inc.William C. Johnson - Chart Industries, Inc.AnalystsEric Andrew Stine - Craig-Hallum Capital Group LLCNicholas K. Chen - Alembic Global Advisors LLCRob Brown - Lake Street Capital Markets LLCMatthew Trusz - G.research LLCWalter Scott Liptak - Seaport Global Securities LLCPavel S. Molchanov - Raymond James & Associates, Inc. Samuel F. Thomas - Chart Industries, Inc.Obviously, the board and I have been discussing it for a number of years. In our D&S business, fourth quarter sales increased 1.8% compared to the fourth quarter of 2015 to $133.4 million. Samuel F. Thomas - Chart Industries, Inc. OperatorGood morning and welcome to the Chart Industries, Inc. 2016 Fourth Quarter and Year-End Conference Call.read more visit us Energy markets
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