Chart Industries, Inc.: An Analysis Of Its Expansion in Specialty Markets

Chart Industries, Inc. reported its third quarter 2024 financial results that showcased certain strong operational and financial metrics while also facing some challenges. Notably, the company’s efforts to enhance its balance sheet manifested in a decrease in its net leverage ratio to 3.04, inching closer to its target range of 2 to 2.5. This progress was supported by a reported net cash from operating activities of $200.7 million and free cash flow of $174.6 million, demonstrating effective cash generation and operational efficiency.