Earnings call transcript Q1 2023

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Operator

Good morning and welcome to the Chart Industries, Inc. 2023 First Quarter Results Conference Call. All lines have been placed on mute to prevent background noise. After the speaker’s remarks there will be a question-and-answer session. The company’s release and supplemental presentation was issued earlier this morning.

received website you at not by access have Chart's visiting www.Chartindustries.com. you the may release, it If A telephone May replay following the of today's broadcast of call will the until Friday, X, conclusion XXXX. be available is contained company's The replay in information press the release.

filings SEC. would begin, not and would Chart you any conference are that to The latest we the statements to fact, in no with the factors are to during update revise Before included Please Jill undertakes like call Industry's information refer forward-looking made to this remind the and risk or in obligation go ahead. forward-looking release earnings Evanko, the company the Please over to that turn historical, now company CEO. publicly statements forward-looking I statement. statements. company's regarding like

Jillian C. Evanko

Thank Thanks good me is for Joe this us our morning. today joining morning. CFO. With Brinkman, you and everybody

as schedule important that released We XXXX acquisition quarter related will the morning. results the two of XXth. made synergy on the presentation progress to as points this our commercial Howden March of There strong share we our completion and are well data ahead following have we first cost

CryoBio discussed quarter settlement Fertility only and continuing to operations in business. matter related March discontinued litigation Clinic divestiture the results operations our for XXXX all are First, of the relate to Pacific related the XXXX the our to

stand-alone for XXth period, plus XXXX. noted, first ownership to results quarter, the full quarter the otherwise XX, unless charge QX XXXX March Second, March our results of Howden's was which stub from are

on plan executed over as six of schedule. our each of X, schedule Slide have ahead we months on past or Starting laid out either step the

at downs. including for guidance executing backlog with $XXX.X go million reiterate backlog our orders detailed stand-alone Slide of supported billion order contributing that quarter more on throughout presentation. well X or both the totaling a strength XXXX Chart $X.X was and as our results, the We'll QX, basis. in stub pay combined related million first mantra record with XXXX $XXX This Howden and the increased will our period. time in into demand starting to company as to by order on debt financial record two-week activities Howden continually shows their information We of of early our target, broad-based

our a first four to Including Repair, stand-alone RSL, HTS is First for to HTS approximately than revenue QX Chart contribution and and XXXX. and sales of $XXX in XX.X% first that two-week quarter any leasing record segments, timing compared Howden period, stand-alone sales Howden's Note for three had XXXX frame. Chart period. Both period sales a grew were for anticipated first quarter grew of to specialty. had compared ownership on service XXXX. XXXX also QX time quarter basis. of the that And RSL million. $XXX.X indicative when RSL XXX% sales XXXX record inclusive period the XX% results grew quarter our Sales in record was given of stub the million. Howden reasons, The stub more not two-week ownership

QX LTM, been have when increase quarter compared XXXX XX% to and record aftermarket and in would this impact. stand-alone FX new both compared XX% of the quarter the Howden to growing Hydrogen over to sales an first each on hydrogen QX Howden XX.X% sales XXXX XXXX in stand-alone XXXX. reported had increased XX-month quarter if Howden’s first excluding build compared XX% full growth a which were with first sales, trailing basis

of metrics. gross of Reported XX.X%. XXXX a gross XXXX. for point I'd sales Fertility adjusted compared flow, We both costs, basis XXX basis million. a free to I'd that This percent adjusted are and our XXX pleased our points quarter excluding also in sales increased as free to QX quarter compared percent of first operations contributed onetime continuing the cash reported margin XXXX points with When margin was XX.X% Clinic the performance adjusted of profit to margin cash adjusted QX reiterate also adjusted the of XXXX. $XX.X of quarter settlement. first out And of element increase an flow XX%, EBITDA for the Pacific as

QX including stand-alone segment first sales, each for combined spoke QX that record and well about And already X, as results. well out quarter. as as not for for segment's with with the particularly These the RSL XXXX. I'd posted point both to records our margin you Chart, HTS gross segment, excluding as quarter can both gross of which Slide profit RSL X,XXX records I Howden’s points remiss of in those the metrics. margin income profit and over operating records in basis sales the grew to and each see are first the We're pleased compared on both and stub the be

that adjusted. If orders. improvement added of subset in operating EBITDA not both first been reported new quarter first shows left-hand EBITDA incremental the adjusted. had have X quarter X, over build XX%. these our Slide the or of margin adjusted are would shows gross back XXXX which X a the been XXXX, Slide not Slide items are and on and lower Note margin, box in

Earthly project and million Lab orders $X.X air bookings capture for for for record million. for cooler Howden's large direct via air CiCi a Our an for carbon facilitated order biogas biogas Elm were capture $X.X with an all-time experience

air direct in particular, commercial see also ahead, We incorporating synergy offering. as a fan Howden’s capture

exception QX in XX cars. Over railcar past and was seen over an the year, we for increase no with orders have demand

order ethylene in Arthur to raised all bullish exchangers, and Bechtel for big cold we air and Port on Sempra project. heat tanks booked LNG QX, from things heat LNG continue LNG a aluminum exchanger, be for big Infrastructure's We storage

end including ENI. an order from LNG and $XXX for customer by received Heavy technology Wison for one small-scale driven projects, also million IPSMR Industry We for all our equipment

end increase of order orders totaled of types First including Canada. which in a a of compressors and compared quarter new XXXX, LNG XXX% first a the XX first these with posted meaningful multiple markets, to Howden customer in the floating of wastewater XXXX. for sub-period treatment clean orders small-scale was the quarter for wins nexus $XXX order million,

Another a was reduction plant replaces which example for customer. from food ingredient first of quarter turbo the valves pressure Howden for purchase two processing power will of a the two order Howden where the grid in generators replace the

this LTSAs quarter aftermarket of agreements Howdens' the blowers. accomplishments number service agreements shows of our quarter stand-alone each now covering key This XXXX XXXX Slide Howden's number turbines, fans, total framework XX Howden service including increasing with and and and first long-term steam repair first book-to-bill a month. was brings active offering of execution and full is XXX, compressors, to and RSL breadth X.XX. framework

We the Over and of have partners. additional XXXX them. is term the and from Chart partnerships added opportunity. acquisition, new and significant millions weeks, of approximately of a agreements partnerships orders potential these close content which with seen we of orders shown announce you've agreements as Howden near Slide on XX us the each the in received of since from different already here past expanded long XX. both have parties, with and before subset receiving date, combined expanded The multiple year-end To and of anticipate we XX% representing dollars

our examples and tailwinds the end we markets. macro across of to Slides see XX out continue point XX

April that have Let starting we Environmental sites was row ever The the now they removal state. and move which so as to for their typical XX. disposal borough do retrofit that on a media in the not received public have the drinking New that pushes me hydrogen, the Protection but been CCUS announcement, I'd an that exceed a activities to much the contamination service need We because a to decided involved in limit address only proposed proposed install than address. of point an on and our national QX them, Agency development X treatment resin low-carbon high-demand in order as Jersey couple Row the This volume for water we higher multiple is supports of one point the EPA in that first won many carbon with are another PFAS continued Slide out PFAS in standard like renewable replacement period. from also all replacement energy, they and also announcement and infrastructure utilities After to turnkey we PFAS U.S. a out of not water. and to in. gas discusses forward mitigation, GX, it for our which week, summer quoting private it the award for natural

demand Slide specific Chart XX. to trends, For turn

we're particular, up our transport. work is showing Row for service customers. like what repair the our one little to on it for our having four, hydrogen, than end chain markets solutions now all over with customers book, site field aspects a in this and three to all is from repair. last are service services, where and to of seeing help are was in primarily different a point positive capabilities use row trending years is production we're being few storage to value and focused built use. the end do And them which In for demand to ask increasing out. also all and their specifics I'd Our commercially you And order storage which transport bit production saw

regulation liquid positioned regionally and hydrogen impose to well maximum globally, imposed the to of such and We're new and a concept European renewable also a now expect in between as see distance gases to regulation pending stations. continue

thing that out is eight, in upcoming is time a a this large about of positive we have last safety, in could mine And on the of and talk lot demand point while of amount for us. an I'll row spend slide. I'll and electrification on page, we this All

share Now Brinkman remainder XXXX. strong our setup for will a more of about

Joseph Brinkman

Chart XXst, cycle. through a combined as becoming have Slide we backlogs complementary Howden for and on to at so are consistent that other costs Not is are Slide few Chart, therefore, of that previously, each revenue The stable, cautiously environment both and quick do here. comfortable a are either XX as message more supporting that backlogs as similar the especially to XX is it growth been inputs Howden. are only record optimistic current has shown reiteration last input improving. that years, or And top and the decreasing consistent we two shipments, Note operating the availability. is a on March a and double-digit times these the material businesses is are macro compared minimum

take further to and continue needed. pricing We action hold as

category the We increases the added contracts of for period throughout for broadened labor, fourth material, inflation a have on LTSA These LTSAs contract. include our via Howden. XX and Slide transport

such in a markets capture. as hydrogen many applications. especially in leader certifications have a be are where with to bodies continue in regional working there These are first differentiator, bodies carbon and and We certifying certifying key

external Howden U.K. for is adds on ISO work the when the well application. segment additional Slide will XX, certification as as to certifications, used quarter, Similar end existing a structure first way. in renewal will service this on XX. successful report multiple can our Aveda Howden And reporting in same prerequisite Slide recertifications the applications, be in of as product continue the categorized be shown shown we it which markets including plants. within on wastewater as Howden on to and fits well Chart, the based quality

total above For compressor it is products. segment, XX% included now is specialty be application, annually. and example, our in a estimated to aftermarket specialty All in RSL hydrogen be service of which used a the if in repair revenue is will

Jillian C. Evanko

Slide work as first results increased project the and percent compared the quarter. were basis driven as our exceptional of service HTS by points quarter margin in including when strong to reported more sales cryo results, gross mentioned first a XX over I gross additional as shows that, profit in as XXXX. well work each RSL by quarter X,XXX earlier, lease XXXX, field and of RSL, These segment in HTS

be in-house. expect it in strength continued our Howden's repair results aftermarket full as and We the first with QX in RSL service will quarter

margin anticipate quarter in negatively well throughout We year-over-year, with side the second quarter expectation half delays of applies by approximately improvement due customer million. the first XXXX and on gross to improved of which right-hand customer to down as the specialty changes first gross noted Products upper the same choice to solutions, in in certain us process quarter of roll was for CTS Slide Specialty sequential second headwinds cryo tank XXXX. sequentially The first reported XX. quarter faced standard costs, as $X.X impacted which design with the margin

pipeline nitrogen content both status commercial right-hand potential facilities. in the of continues green updates, need would QX XX pipeline. These existing columns today. need product export on of an Slide projects shows we've call the HHC hydrocarbon international small-scale three on and the even net seen and our in of units pipeline that right even to Starting commercial the booked the increase addressed driver NRU for have with Heavy quarter. XXXX are order first to is our we for small and show terminals LNG highest the customers' which we big, rejection opportunities with box pipeline. and quarter, of Industries order systems earnings row heavy increase specifications as A the to far moving our projects ever two, and to did the LNG project the increasing seeing the the Wison’s row an IPSMR additional three, column their the Chart Feb, in big for in the far shows opportunity an LNG the you table studies of late on In in covering in our customers. work projects. design meet point in for this removal first in increase and potential floating We're with LNG an this multiple of starting four the our I Row the table. booking new entered demand

And opportunities of I to hydrogen increased a hydrogen-related first capture Slide record. periods dramatically our XX mentioned for than XXXX. as compared and were QX QX capture in continues more XX% earlier, of time. this commercial XXXX carbon applications pipeline when grow shows short carbon quarter in the XXXX orders how to Orders

offerings amount to point addition in the in Howden nearly this X,XXX the CCUS. XXX over customers Plenty larger industrial of potential in three from doubled with on sizes out from as now both dollar pipeline our past well of hydrogen the capture. and slide, nearly into for The carbon project as months

liquefier XXX% content. this to slide, Lastly, and in Howden. scope opportunities customers and Chart an have the project two, than have grown that both pleased the row has on opportunity Howden at looking over liquefaction for of given quarter, Chart number pipeline backlog existing we're the hydrogen XX Greater with this of projects XX% already

increased example shortage quarter is as approximately one more recently First XX% QX beverage and XXXX food and on Earthly compared Labs orders in and and very XXXX, XX. XX% XXXX QX shown CCUS high to one COX the who sustainability favorite when an as Labs and customers, initiatives being my globally demand CC become Earthly implemented OPUS-X, with persists of predominant of this unit. Slide

scale Chart Both industrial on Howden had and carbon few applications Slide and can orders strong you those wins. capture quarter XX, of a first in see

placed carbon on X,XXX carbon order a Howden plant Our Canada large-scale facility project per for on biomass a order $X.X Orsted built equipment work the capture Western customer booked million. day engineering in ton capture to be for and operating a for an

already customer global underway to work solution. sell to one including carbon to carbon commercial a the space, both package Howden's novel numerous Howden with develop capture opportunities equipment together have Chart in We as capture a and current

Air mine driving customers CSG seeing and for such requirements with tanks. mine our HLNG cooling are truck on XX, ventilation solutions, or storage Slide solutions, haul cleaner as Clean with numerous HLHX we're and synergy carbon or and that's for shown whether demand these and capture our opportunities EHS

mining for had up safety Howden XX% build up worth The and first quarter XXXX. full million when XX% Howden's orders with $XX new the of compared and for at first quarter, to full XXXX quarter aftermarket looking of decarbonization over

in a supplied to Engineering major year-to-date and We customer, needs Services, determining vents globally. VES involvement portfolio. for establishing digital is companies with relationship Early or our systems key of mine's in notable our ventilation part with mining the wins long-term future we have mine had ventilation the a have a VES, Ventilation all and few of

technologies. be will and complements elements treatment Next, the we believe water clean of the the that an next treatment key very of our is water well how one equipment

on This treatment won see monitoring that the efficiency Southeast as aeration energy compressor of city million turbo for month, and XX, process wastewater and side you includes real-time uptime Slide to increases plant. enables enabled reduces over cost. with system of digital operational an also Houston's efficiency order reduces supply this for Earlier the can a right-hand we time, $X.X

Slide different a Now infrastructure. you drinking of and the a side for which site but move than water Public see left-hand I both a Howden Houston XX, within the to is project Chart site, the Works just referenced,

one in wastewater One have Houston, where is typically responsible they globally. market in more that plants and than the are treatment not plant of parts XX also of treatment for the total, the this customers wastewater city and only has best is water case but that

Today way is of to Joe Massimo partner team. to only to key to do combined you. the partner, schedule integration, my and was chance introduce and Massimo we're the executive and ahead on Chart a Howden to our Bizzi a on me team executive deliver Massimo our as verbally synergies of and alongside first that. the permanent of well on COO my is senior also but not will be working

XX Slide XX our synergy and original three. year year targets one reiterate for and

what I which I just than challenge three the Although overcommit. on we're there. put numbers meaningfully But year the out We're the morning this that update not to from going we commercial higher an out put say. going we've team, is to got deliver and

Slide XX weeks summarizes of original achieved six approximately in ahead our first annualized $XX synergies our million of ownership of our cost schedule.

date anticipated $XX.X earlier also with order are far. than million happening wins originally commitments had commercial totaling to we Our so

Howden the not wins second and that potential opportunities have multiple numerous line also and and larger but portfolio. currently quarter both cross-selling incorporate technology areas projects, hydrogen two a project Chart including certainly also We to to the water and projects. equipment, this will within which ton of complements one one One of XXXX in projects treatment has team day team immediate I capture, commercial combination. for global projects. project hydrogen identified of new a larger-scale Our and have per liquefaction is sight $XX over commercial global our of customer are Chart project, limited combined and million-plus few is the XX energized meetings many these super had of carbon attend

target and XX cost increase have teams we commercial Slides cost opportunities for the detailed original to million which cost to out our The finding out do shows that materially through opportunities begin daily but will achieved, the facilities underway not category, in in the date largest well. as contributed are XX coming synergies from so more and is has $XX to more and the in months.

these you rates to consolidating There better also to through even consolidations, can trade more rationalizing to show machining, breadth software synergies, underway slides, in-sourcing remaining On with see through license reductions. lot after. a is fees functions, leveraging of the to partners, bank of to office the whether go more SG&A, centralized and

as the opportunities a in pipeline and of came a Germany for service on customer, real win The exceptional Slide Chart personnel. vehicle XX are and possible I today. been without are commercial point the agreement for opportunities fueling that that breadth would not United in not Howden's is Kingdom out field magnitude and conceptual life just rather exist service stations have cycle which but particular would these One

box gaseous fueling would is a It's a Chart they've win cost This starts hydrogen had ordered million. also includes over a synergy Hydrogen without we customer, which Howden Howden, example XX stations. and the top for Slide cool great $X.X access an that example Another a liquefaction not synergy market of is one. just have compressors to a win on that it's of synergy commercial in and left-hand

to is in-house of this Chart's a have on the For Howden the one basis. been same and by order, States synergy outsourced otherwise the stand-alone would United packaging cost locations bringing

XX to with in our integration a and Slide repeat April XX you actions Slides discuss what date deck XX on being of additional investor had we XXth.

XX% that comes from The are moving synergy goes the and for achievement, partnership on here past That far of just the XX, of leader just couple beyond of So these talent industry importantly, from more a year clean integration on global is to than Slide hydrogen accident. updates a such an without operating a initiatives message a as most locations being it culture. culture is focus weeks. emerging our an safety in with

in-flight debt numerous now activities additional have We cash pay down. generate for to

to I'm balance optimize XX, going cost average structure as our Slide well move well sheet our our weighted and revolver now So debt. optimizing of as as evaluating to as capacity to ways

start up of and go actually some from these see right-hand the table Slide I'm XX, on top. the actions can bottom to You on upper to the going and

move through cash to in leave cash from We're of also So discussed some of hand of million XXst pay out geographies capacity. we repatriated not for rows to of revolver March be do the eight actively all credit $XXX world of debt underway XX letters our underway it with need down. which used actions when repatriating will that on as around

own five action we cash and real six Rows present. properties that the selling. are time already the And now right consolidating is in the very refer these and active opportunities and we so size can to estate we that that process of

XXXX. signing an Just of received in within and XXXX, of one quarter quarter discussed the we the to two. stage to XXXX these that to second lines sign both first four this properties of previously quarter there refer future within of third anticipate previously We of on others stated of on the one the with currently and the are the these potential expected or to several within next beyond three moving months second these and Rows the week, second the divestitures. are product the offer part

We and all of to obviously, on final the continue the proceeds $XXX subject scope to the transactions million, potential perimeter anticipate of of footnotes the slide. and approximately

win-win the XXXX. is investment great minority invested of value ESOP $X.X portion, of an and and now upon which want out small remainder, a and we approximately sheet We month where is our that $X.X a from buy customer This to investment revenue own employees made established The a over refers we few have $XX in to are of million, found milestones. table the we coming agreed million term generated exit for an relationships million. the eloquent staggered the of us. flow begins example to two a of timing Row exit. investment minority cash the And this the orders that which has

first a refers term sell, this Chart a to Row which closing satisfaction expected is to immediately guidance part of very well subject the one sales. in €X.XX improves is also in sheet line, operating for and CTS, second binding have metrics in XXXX This and million. product customary small gross quarter of margin, we to that the our contemplated conditions of as a as our percent close margin, those is as and EBITDA to

additional on comment states of these. we down that refers potential not to for the pay any in debt smaller The but the actions some and left-hand activities include additional does cash generating Slide approximately of as the cash divestitures, stated XX box million I $XXX anticipate beyond

down alignment of our as also flow the metric and From myself action to cash on the for focus more bottom team, of free also policy the debt We down an we pay reiterate on XXXX. heavily have weighted the slide. bonus debt our pay to short-term shown perspective for target on financial senior

had land related operations operations continuing numbers. and I'm Theodore, that recall expenditures Net effect. deal-related of adjustment referring expansion. and to acquisition the for bank fees Alabama cash costs, million fees, $XX.X $XX in negative million transaction, net and $XX.X and in capital free the million Adjusted quarter XX% quarter, facility these $XX.X our to our finance Jumbo first cash related flow of including to Tank of interest from purchase of With Howden was the that million tax the

we're QX XXXX below the XXXX shown So forecasted as leverage ratio net quarter really tons and of net outcome this previously is slide, with X.XX pleased on our leverage our ratio. first

Alabama In the on of acquisition to XX funded in are million, discontinued addition million lawsuits, Howden Theodore, XXth, million approximately for Pacific March as related Fertility payroll. $XX the stub period, and the payments Clinic the of settlement the to and those we Approximately completion funding on referred XX approximately I to during related to Howden expansion ops. also the

of items outlook So repeat out these updated I'd now, out, And three will our please for these Joe, in outlays point XXXX. cash that none future. these the because provide are

Joseph Brinkman

to articulate combined April included To share see the demand this further the to LNG and the and I skids have power processed high orders have marine consistent. customers X Slide variety of a we water of and XX dollar energy to customers market from to to see demand orders. the from treatment we are that in hydrogen ranging compressors service like to business What screw for is industrial for to gas re-gas brace to million-plus customer that fact continued across some Europe South our you ISOs continuing African widespread spares can we applications orders, our about multiple gas month-to-date remain

with million associated range our of to which billion million. of $XXX shows to adjusted XX Slide the to in EBITDA $X.XX billion outlook for XXXX $X.XX sales, we anticipate be $XXX to

adjusted the and Our million $X.XX in approximately XXXX XX outstanding. shares EPS of expected diluted is $X.XX range outlook for to

to is of range in outlook. for to And $XXX million. $XXX from flow the the range impact debt cash Our million for excluding cash divestitures, is prior any available expected down in pay from potential anticipated XXXX is free outlook million of unchanged $XXX our to which $XXX be million,

a We expect XX% Howden’s to year see full represents Each the normal business. year legacy and Howden. sequential quarter a for increase quarter of of both Chart second typically in

compared repeat the second we the on big XXXX Slide LNG half half sales Regarding big of from in XXXX. the and confidence XX the are LNG investor earnings EBITDA schedules, increase of year, is our With expect to to achieving projects, additional $X.X billion customer see our first current reiterating of and decks. to in sequential a XXXX based and a synergies slide strong prior identified, today. early synergy achievement, start we approximately

Jillian C. Evanko

continuing over prepared six the our end is targets remarks each on it step where you the schedule as that execute slide past And or for months plan our the early began executed you the today's of of Q&A. see the therefore, to plan have commitment last for I steps our schedule. either please I'll of described out. next and appendix, on have call, So we laid laser-focused with up before And be ahead on on which now we open have time the on to or

Operator

Thank you. [Operator Instructions].

Our first from Nolan question come will Stifel. of Ben

is line open. Your

Benjamin Nolan

Thank and and Jill one my question then both follow-up try Hey, to into I'll you question operator. turn it over. Joe. put and

Coast mentioned high Joe, of follow-up might units, gas Gulf the hearing third I'm sort question that that opportunity midpoint might are said to you you -- look rejection So in X.X coming to is has it. lot to LNG first West that million? curious the My financially? that's purpose with gas you're call so of possible of expected guidance. that for the the a nitrogen that -- of from the if the thinking where forth, revenue as billion of lot I be sourcing like about respect what guys for how of just is increasingly Texas of, about plants in relates and to it, to frame is, modeling And break down be the sort segments about really we're and my something is you need do of $X.X a that you things the aftermarket. to it fit various able But a nitrogen know and

Jillian C. Evanko

them rolling for Ben. thanks it, got one, You into

Okay, first the the segments. so question on the the various in of terms part of breakdown

on segment. we've kind RSL of given forma a the So pro

adding in terms of of CTS that Chart can to that be HTS that's calendar terms Howden next, to full combined well. to your stand-alone. so revenue, in offering percent kind with So XX% and I'd as to specialty above apply smallest and compared being year Then go going for there next this stub of your pieces just the year at largest start of of

obviously how that's if since were think the at gave So I looking which it, I model, done I guide. a about we have

And customers gases in always hydrocarbon LNG the terminal you'd And And which a offering heavy are for the NRU kind on big with described us, U.S. for $XXX but -- content, Coast the the opportunity very call of of be little range, bit too, question nitrogen hearing your to going Gulf challenge. majority because facing Gulf caveat second are projects just a add-on part in unit, to on HHC ever one of gets respect you be the is we can't these also what would that's opportunity. the the somewhere is I on would and comment hearing spot but we NRU systems, size, from the as West to it's through thing we same one on of of Texas. interesting million the certainly not just the I million to depends But this your this unique in Coast that XXX%, coming our super rejection LNG we're standard to U.S. the mentioned to particular, trains. have But and export per is a on into these pipelines removal you to types $XX of doing technicalities. that on say which

being many paid studies also engineering I mentioned never side. the that what seen the that and were so NRU reiterate I'd for HHC on call, the is we've on which

these have on the it gas this a do operators, they to but isn't something there's to want And based composition. that do, point they so where obviously,

offering So based we're with refine each but that our part operator continuing of gas, nice their trying fairly standardized. is also the respective is to it on

retrofit. we So needs quickly can someone to turn it's something that that to

Benjamin Nolan

Alright, appreciate that.

Operator

one next question. Thank you. moment And please our for

Stine will Craig Hallum. question from Eric come next of Our

is open. line Your

Eric Stine

morning. Joe. hi Jill, Hey Good

we it's out just the that only So a can million it is $XXX to way provide Howden, baseline for from the play $XXX orders that maybe that, I with you that's should you've any obviously can for on the can talk two-week million about and kind for million a throughout think your about Chart mean, we given you order I of know side, to is I think a past whole not $XXX or number period, upside how that? number, in we quarter. somewhere about Howden, think obviously, a similar how

Jillian C. Evanko

and question, your think multiply Howden think XX But way is I the take said, year. two-week about to period by And to question, the that also for similar you get we with Thanks Yes. how clarifying Eric. orders the framed. it for full to a any in can't

project XXX of than our Chart last sized new basis, average So a stand-alone into quarter mid-scale obviously added have that and on we an a framed we as year average when higher kind of that.

similar of think I Howden any to Chart quarter. given on

a of they right. business percent have LTSAs, more Now and higher aftermarket recall book-to-bill that

depending around in. we're minus whole, in. so activity end projects we to or bit as it a these sales and about XX in year, as you'd So markets some on of around end depending the business basically that about that book-to-bill come orders running there's a one timings as continue house. repair XXXX, on and of Maybe a service But to throughout in as ratio way the $XXX we in other little double the plus be you can the nuance said of look above on kind continue thinking at aftermarket when million to those want as the come for Chart, last that we average, side these is the what book-to-bill because markets remain in increase well quarters units see the we

metrics that those are of the we're types So monitoring.

Eric Stine

helpful. think that those That's so it. on has up and kind two that QX I fact for maybe about for talked XX% and that, in there's sequential up would of trying Got just across year, Howden And with the that great? the quarter, match things I me throughout match that be you the business maybe assume improvement follow-up, each get maybe to you seasonality less model, just guess, my you're

Jillian C. Evanko

Yes.

Howden's is QX seasonally, any in given So year. quarter lowest

give is across at little half of describe side. wanted bit little you the in can you've quarters it's in to and trying remaining the fairly is. LNG that similar got sequential bookends concept you There's just second saying we bit business, look where a evenly previously, of put a we from since kind step-up it. to where three this in big quarterly Chart the how So were the if kind also combined a business the We throughout year combined Chart didn't of and outlook the standalone to growth give which XXXX

wanted stick back whether cycle. have we period us. really Howden thanks a period, So that And service in hockey to and an that year consistency on the that to in to that balance that's be a is view meaningful there's we kind gives aftermarket extreme the to the across half more going combined or a of repair contribution not business, give

kind combined intents of of some the because guys So of frame those you pieces the full are quarter business. to giving haven't yet seen a

Eric Stine

Okay, thanks.

Operator

One next for you. Thank question. our moment please

Our next come question Johnson of Malloy from Rice. will Martin

Your open. is line

Martin Malloy

us revenues? in repair and question maybe and update the backlog maintenance of the midpoint guidance in My is the you type terms morning. an revenue turn backlog. Could meeting that's currently Good on first plus revenues quick the you what give in visibility guidance, around of have expected

Jillian C. Evanko

Yes.

stand-alone year. the as what the each more records it we because stand-alone with combined So than Marty. because to a and think had the the basis X/XX not in here, I'm that -- of combined backlogs as to get achieving going have my business Appreciate now confidence there and a well more cover XXXX level on rate question a have real business point valid skis put in as we out I typically on as respective out a would over we heading even we the prior and is year of into so in the

stand-alones. external described get the stand-alone that going segment, of two his well segment comment We're into business applies as as the sentences because seamlessly couple about So from so about as in incorporated to two the the it's talking combined reporting. away Brinkman

a the for is coverage So what really have we opportunity we between have that based a had a book guide quarter there's we have Chart now said, because strong we as on positive we and work the as based ship the business, more what that short for With of combined on that -- backlog the out in a more as put past in to we than had which book in ever in also than view backlog our XXst. more upsiding guide March balance answer and project standalone. backlog that to ship,

Martin Malloy

obviously, out for LNG Thank a and talk scale a the like is bit more floating about that and acceptance characterize my small you. if maybe side? there lot question to and the follow-up side scale small FLNG And continue order momentum IPSMR little maybe it you the market IPSMR. of on expected momentum of if the can Could on looks you in and

Jillian C. Evanko

Yes. and been amount -- Thanks of by I pointing which we've would I out, speed the with term of that wowed acceptance in the use for IPSMR market mean, been the Marty. the it's accepted.

the that driven fact in of in size across in is terms It X it lower MTPA technology of the by process CAPEX very opinion. but portion the is the the cycle kind I think a that efficiency install, of is upfront train our X.X efficient. of is that operating to unparalleled key

also LNG. scale with market I We're players these which seeing, LNG from the a that higher is acceptance small just coupled think floating towards in movement and market, the the

question compositions do world. the the Asia players location in gas that's it, Coast a in there's Pacific you ever gas in involved finding than the Ben's And terms in So more of there's around U.S. saw see Africa. floating before. getting to small Gulf to another right different or composition, geographies about driver more a we scale than

IPSMR the the of nice fits And part so region. really that is well regardless

in QX floating versus small we and XXXX that increase out XXXX, metric XXX% yes a of question and about you're million that we we're momentum category. see darn going we when the The The I'd your do around in continue meaningful do orders, think give that. pretty scale to talking -- $XXX last QX called part of to this orders to resounding of that’s

also part practical we're not one it to of of moving baseload key of it's not important a continue going be be -- bullish the merits I phrase category, coming my the the all or is view that the on remarks think you part -- have of was as scale. small things and silent we balance. transition. forward to its one And we're LNG in just think the debates to decade on think not essentially the not need seeing I only And an because we term it's facilities, it's a It's my just only projects be for here. see been prepared energy around LNG types

and floating scale book an part see to continue small of to going in you're be order important three-plus our think years. coming I the So

Martin Malloy

thank back. turn it you. Great, I'll

Operator

our next Thank you. One question. for moment please

next James. question Raymond Molchanov of from Our come Pavel will

open. line Your is

Pavel Molchanov

for on bullish Thanks you're Joe, things LNG. you taking question. said the all

that, more LNG the a any level are point people suppliers? partner a at is put to in external crisis seeing there lowest less appetite LNG take offtakes since you on sense Gas of Just finer Europe war prices is off started. European subsiding. the energy Are of kind to maybe the with or that lot feel

Jillian C. Evanko

in a dramatic behavior seen Yeah, change we perspective, Pavel. a Chart continued just that haven't from to from infrastructure, We've see Europe.

we on meaning give APAC offtake regas skid continuing We being Venture inclusive stations to a built. the continue of an see for seen CPX, with the Global even I lot to million, LNG parties. like perspective, the credence announcement infrastructure that your offtake we've what $X.X on to being booked just this From of the built, activity see of would morning's comment

been think seen overall. Europe. So in that's announced the -- it's the my the short-term ultimately, that opinion, into outside it's spot market I months that And has -- offtake But have that's maybe last we in most into of phenomenon. six of a

LNG one offtake your the goes the in all, the that our we because our we've So customers with we HLNG arranged two gas that answer. But orders is are really point, have the also And over-the-road an seen moved is another sales. on increase tank that have all in vehicle in guess, just commercial in continued -- side I to and being after softness not nuance gets exception pipeline how main to category Europe. in

quickly on customers for over-the-road purchasing first while much half HLNG a the just And on of the of tank then tanks, our broader not the tanks little road. in line of tangent in XXXX seen that set it's the for thinking kind go a HLHX over have vehicle of recovering I'll side we and with

as industry. Class alternative for truck that's adoption broader early indicator it see of across the heavy-duty I commercial So use, and X an

So there LNG answer net debt, but of watch. continue in But a to my to in there, certainly think growth something see the it's space. lot were a I little as tangents we

Pavel Molchanov

in this of specifically, Following with now Asia Pacific, you've fact, customers China tone, the on acquisition? that there since given that obviously, the dealing up, Washington, of company been is has noticed broader Howden dynamics in based closing any political Beijing Chinese kind change a U.S.

Jillian C. Evanko

we dynamic. No, haven't any seen different

and in have -- I'd China, China, We and also growth local excuse that well. and in have me, good see continued as anticipate business continue helps good China China growth Howden partners China -- the local both in partners add to Chart in which us

So this point. no at

Pavel Molchanov

very much. you thank Okay,

Operator

moment please One our question. you. Thank next for

of Burwell Jefferies. Sam from come will question next Our

line Your is open.

Sam Burwell

Hey, mentioned good dig morning. storage booked you that a LNG exchanger, Stick you saw on air and into aluminum brazed I and heat Arthur the ethylene bit. little track cooled Port tanks. heat exchangers,

So and year more Cheniere you've that what I And this short to Global? Port orders called of sort those you out than dollar to different you and particular and opportunities could is you Cheniere/VG over that, booked order different? figure totally two Port three similar put mean, being Arthur, more something to a Venture curious or appreciate characterize similar describe on this then as potential if that just Arthur, for of above would how I

Jillian C. Evanko

the Thanks Yes. Sam. for question,

Okay.

the and size could Cheniere dollar a you give part, So let of me then to giving due VG aren’t Sempra be hundred number use. amount second And million-ish Infrastructure you Port Arthur, of general with around but confidentiality on several Arthur. difference our kind customer, just we the range type would Port the between and

and no content, are put either those different which process equipment of for in of Chart. coming me technology different sizes, VG one but from category, types orders Arthur of for but Semper different there's So equipment, us, Port kind let

basis million $XXX would say about on way in depending cold kind and dictate And the $XX whether air But for on order in. you an equipment XX scope, so designs coolers are it is kind -- could you'd boxes be what or to of for those brads the range it. million a those to MTPA think of of the or be what's projects types multiple these

to process -- works project addition and technology process that future, like a have Tellurian the Cheniere would with we in a technology. we in the that equipment

it's a so different scope. And

some these adds built described others of The hydrocarbon into say other I how heavy design, I've not, that is so this the the a have removal factor that into system whereas thing priced. do would guys is

part called the in third see, in opportunities. The bucket addition to your orders three have two that I let's in Port of you'd Arthur is scope-wise, on opportunity and of to XXXX of out the the rest question the

have we to So of subset obviously, would two content ones is could FID to move on. that the three a that

is are here. reason going to call be confidence. there a So in what million if more $XXX anticipate $XXX-plus we to couple of out ones would just equipment to moves A then three XXX% obviously, in we of And two it equipment if the And we million. thinking one there's be. and put them would to have with content process all of And not the style the kind I'm it of them forward.

Sam Burwell

just model basis, improvements burn and on they items the integration understand we about it's a Okay. should Houghton going through and how working in That's any or P&L I very, cash that And X quick think else free flowing flow can big year I free frame consider through capital things. -- the to closed. higher the business free XQ, forward? with like bring an quarter very drivers onetime we improvement cash helpful But beyond million of any messy drive free LNG one follow-up flow, should improving that on cash more as to flow cash and cash and that flow. adjusted anything just are conversion unadjusted sort mean, haven't

Jillian C. Evanko

we banking, that, the are Howden And the that messy from adjustments the and them the out again, were and fees, pointing thanks you would for super finance to conscious get quarter say, obviously, I specific costs. and that deal-related very can

of be out M&A-related the to, out, will tried with that an this Pacific peel cadence you'll the of those like that are comments throughout Fertility that to go settlement bankers, so which and and costs that of to out the things we see the as in that's increase rest year deal-related I for call and going quarter thing on to forward. repeat in can you also higher the costs items important intent relate itself, CAPEX and the not So first example, forward call nonrepeating

be higher rest There's flow QX really to QX quarter anything nothing generation. free it the quarter a one QX, of or has that says on cash makes meaningfully that standout in any

So it's a think is said, of month as -- you we the it way way model collection look the of from year. safety the Like example, payments as and inventory the we've April. the it look we good the milestone volume rest I stock at fairly an we had consistent side, burn the ramp as the of at in you throughout off month

Sam Burwell

Alright, understood. Jill. Thanks

Operator

One next question. for moment please you. our Thank

Our next Street of Capital from come question Markets. Brown Lake will Rob

open. is line Your

Robert Brown

as Hi your see about see just start I talked synergies number to And you do Jill. out? want do The on synergies, commercial how sales level commercial early that the of integrate a you get -- efforts? wins your confidence playing there. you you to what

Jillian C. Evanko

involve opportunity that am exceptional. The mind last combination I'm excited asked global talk or seven excited because is I'm in you not the exist. -- three and six portfolio, the months. And joy team year around Especially perspective. it's we're my synergies I commercial is interesting, both give discussions and the answer I we Thanks cost detail in synergies can the were not has the number, the unmatched. Massimo on ask in the came my bit earlier, amount about -- And that cross-training even morning that strategic of changed both and I little your commercially is my a to mean, I for the the certainly additional entire when and talking the amount Rob. question, did question that more commercial this over from the convicted from -- it, amount opportunities a -- anything we you the the to we're of around of this and a we're coming but voice probably out sense through you around going

that like to large across ice to an related to that's dry it's equipment I we that synergy from what is $XX.X in everything around to and about commercial anywhere going expect order be it's date order project small $XX number also, in that orders million get in a synergies order an and between. a probably impossible QX to the and plus million So recovery

the even happening start our inter So the clean as to to next and way of works packages. knowledgeable of see I more teams what get think about you're linkages going really that more the the together,

want and treatment. city see began now are water and beverage, about control to to the or is more bleary wins. these capture solution that This wins Chart going case got You're capture. this odor on through and an the case is a customer then us tanks, of to carbon XX carbon water supplemental moved And one I that multiple is a study, study, Slide food we've cross-sold that the now and point deck dosing of which full to SOC that customer on more equipment out with as customer system treatment that's for costing an to

And opportunities. tank the of content. the described I have doser with what I about is in exceptional and Everything think the the Howden exception pretty that's commercial just could what

can this to excited didn't your The you answering other it. time me spend want but much about you thing, Rob, question, and probably tell I'm

have we early of other the to year least And at the thing later going into some that to some I in we're year like one million the synergies XXXX opportunity $XXX numbers. is really get wins think the that didn't revenue. The these commercial I of bake have to

Robert Brown

those, outlook, great. if the sell wanted you assumed assets, outlook I is the that or sale in Okay, And the the or on to outlook you. in noncore change? outlook the that going clarify Thank revenue that just to is of the

Jillian C. Evanko

answer pieces. me let So three

down is materials. any put our of The in They're those and cash outlook. forecast pay forth cash sales leverage that that included available not the debt are ratio not any in of or potential net first included in also any for flow the from we've are forecast the proceeds

part is be EBITDA impacts. we the I second the and guess room third, in your is revenue. then we in second out contemplated, a us the range. on EBITDA And revenue significant around of you're it's minor specifically. range able a and question to absorb think our way it's We to -- The the tweak our not called with What going I not to and the generally, without think Well, likely I have to the think come We have about that enough But are there's would divestitures we think have directionally business side. revenue out outlook is divest the any nuances, and our comfortable see so outlook. reduction to treating with range or the I of it. if say

Robert Brown

you Thank all for great. Okay, color. the

Operator

moment Thank please our you. for question. next One

Bianchi will of TD Cowen. from Our next question come Mark

Your line is open.

Marc Bianchi

if in quarter? I the you. contribution the could first you and Howden adjusted Thank EBITDA was say was revenue Jill, to what hopeful,

Jillian C. Evanko

a as the bottom Mark. for EBITDA question, line percent impact, million but of revenue. kind of it was was approximately of of a Thanks $XXX it didn't It was XX% by proxy, sales. Yes. We give way adjusted above the

Marc Bianchi

-- it the for of ought guidance mean, get moving would to we second want seem way in us million. in there's to the ballpark work for in but of with probably year to that but that to don't be fairway just kind here, or to quarter, on sound great. specific too good track $XXX that? on to EBITDA quarter, have And I know the modeling be don't lot the want any steer second of base you'd okay, the does a you a and I off on Okay, really of like pieces

Jillian C. Evanko

first because so and to a but combined come, answered, for actually, lawyers I you look QX actually in pros Mark. We And tell Thanks my There about kind giving guys guess cons the caveat of onetime you're Yes. won't. contemplated kingdom it's the would quarterly that, business. to the directionally a question, doing I but point is are your correct. time me

Marc Bianchi

Okay, then And super. of you on I I recurring think business, suggested the sort of just of recurring if each XX% above just And XXX about one the book-to-bill orders. kind be you million order you'd on that on more basis. kind that's order million so of side, XXX side, Howden the look of at the mentioned If a side one.

Howden, know look be we looking base large for Chart what those one-off So unusual items what sort of to legacy stand-alone are should for like to we those What are items orders? the business. out add that of for

Jillian C. Evanko

that and everybody their trying skis of of did a million I'm getting $XXX-plus I on it couple like purpose of off to quarter, it massive was ago wrote quarterly And the Because order keep somebody XXX. as when Yes. out smiled from like addition over on had softening. we wasn't record, I order a numbers. quarters that

these just a numbers. on part So crazy is keep on us lid of to that trying going

to to taking yes, my just be you're So trying mean, I'm answer conservative.

in to Chart industry that So as we than call higher we're they're and on is on projects, little saw more orders, like $XX which million was out sometimes be million in project know, seeing midsized the frequent heavy to small bit style a them first $XX as going that. you projects, the when you quarter the incremental we saw more side, the

get incremental side, Howden third $XX be is going kind touting to And million Howden XX our incremental of to $XX if project that's think stand-alone the that. to category the of about to XX% large content would XX to would On million. then an kind we be be a

Marc Bianchi

Okay.

ought is book-to-bill you've but the forward? expectation But level be this you got going overall orders, above that Okay. one still to base of

Jillian C. Evanko

Yes.

You're right.

You are correct.

trying to but lower my -- higher going you're is model your you steer to So be right. than

Marc Bianchi

much. so thanks Okay,

Jillian C. Evanko

Marc. Thanks

Operator

moment One our please question. for next you. Thank

Our come of next Walter Research. question Liptak from Seaport will

Your line is open.

Walter Liptak

Hi, thanks. Good morning Jill.

And yes, this great. cash tied out I So called all for to compensation flow, which -- detail. thanks you wanted to one for bonus free is the about the sounds the ask year

maximize on the to cash $XXX just cash flow a that million year? And from -- of there free that there the this some of The are EBITDA the sort in guidance is there $XXX to earlier range or I I range for is go range -- million, things you is one. follow-on to to get have flow guess based an wanted free so

Jillian C. Evanko

Yes.

very is to out point, as been pay that's global called bonus range. you free to why also down the is million The million tied one the to a global number pay us a And And flow the metric It that $XXX yes. priority cash about it. for being conscious year. debt And we has organization. the again, Chart bonus for So is for your available $XXX Board a the top have debt down cash plan.

one of team applies metric our XX,XXX-plus that to so every members. And

Walter Liptak

great. Okay,

like the pay are based of the is there And some range to the down so or or accounts debt that -- things to other more there of working EBITDA this things get off to XXX, max level year? in that get capital

Jillian C. Evanko

more. Yes, there's

working a and So a actually the of think it's would -- less stand-alone there's capital in that that working EBITDA tied that CAPEX There's in businesses. lot level, capital. the capital. up the we working tied change lot I say up And of then obviously, Chart is

a great for to control to our there's is So opportunity within that it do deliver and us so.

back So of to the mantra execution.

Walter Liptak

the base And talked of what what might Great. cost tax sales? Okay. then is and the assets, the on have you there implications on about be sale the

Jillian C. Evanko

-- have gross around the We any businesses proceeds we the a are not see want themselves proceeds, are a detail to specifically that these haven't out of about impact. talk negative we're it. But primarily processes -- we about don't material because tax given jeopardize and we called don't tax lot we that potentials,

Walter Liptak

Okay. Got it.

is gross number. the the million So $XXX

Jillian C. Evanko

That's correct.

Walter Liptak

great. Okay,

thank Okay, you.

Operator

Thank next question. for One please you. our moment

come Brothers. will of Shere question next Our from Tuohy Craig

line is Your open.

Craig Shere

for taking thanks questions. Morning, the

setting $XXX guidance billion, excludes as called well comfortably possibly this the of million Street So both two more EBITDA see LNG the XXXX the reiterated driving about, you your into and three still current the adjusted prepared synergies above these so Street exceeding as year that consider your that $X.X you say, of to above of dividends things you orders, above presumably XXXX big or divestitures talked the could the into guidance aggregate incremental into expected that's out commercial and targets range expectations built even what's you're as revenue X.XX% buybacks drive million in planning and into $XXX-plus as your leverage to expectations combination XXXX? year next for already well

Jillian C. Evanko

to Craig, the going this I'm top. take from Alright.

we in that So first incremental question, from of of are correct any absolutely our numbers. and the accurate LNG additional nothing have outlook part big and projects you any

of listening, depends commercial I team guys. in, between LNG sooner staggered rev when the the end So in, come be come incremental to depends big rec year, going on hopefully they're when therefore, they right. orders in they the And XXXX, think the now that My in better in. when and come on is any on starts, the so year. obviously timing Depending

of milestone got So lag beyond kind order first to the contemplate that to engineering. you from

being timing on million to you this So $XXX an gave guys depends plus. XXXX, in more these contemplate three of certainly answer order that you of two reasonable around year. the magnitude the The is than

comment It's we've it's when in that But would out. hard your to start. concept, correct. laid is time incremental what just fundamental revenue So to all

excluding balance that expectation, being The next the is leverage. ratio our X.X net potential around your the said and down. leverage times. that to half We've divestitures. two proceeds X.X We from expectation net two question part be leverage target XXXX, of sheet exceeding to any is Driving in XX/XX net that to in our want specifically

So improving. execute; to we're see we saying. I could We what want to that want deliver

want there, with ratios cash-generating in a we've these I than more put opportunities. position additional to get is improved room what different us for of there these So but laid that's don't faster some to number out out a

Craig Shere

specific Great. big pending to the larger you've comfortable I got some just it you to and obviously aggressive LNG. guess synergies, to would on see off, XXXX commercial outlooks. What sharing get and are more the of with all start close this And have to perspective divestitures or traction, beyond be that

call specific You multiyear outlook? aggressive see getting quarter the early some alluded kind by on more comments, your of in third to of but and you it could

Jillian C. Evanko

for I could Day in see Analyst our November. it

Craig Shere

to Well, forward I'm looking that.

Jillian C. Evanko

you. you see to wait can't I Thank Craig. there,

Operator

Thank for you. our moment question. please next And one

Barry Our Asset Haimes next Management. Sage from question come of will

line open. Your is

Barry Haimes

markets that? thoughts and maybe the much you little may for Thanks organization number style company, direct products, mergers Jill, taking how -- it's managing so have management mind got are the wonder if versus Thanks. who a questions. could customers. my you pre, you any And bit the to about of your post talk end may share want a reports around now I changed blowing

Jillian C. Evanko

become and your of with the exceptional incredibly more into Thanks, the the that attitudes skill knowledge driven between of fact And that side know the previously of talent. would worked to teams, amount at the specifics I and other's the the set, just even us the out tried point by I had visible great the Howden the I of And had quickly portfolios addition been very I've our But tangible Chart have Howden to in for think all go impressed these laid Howden great team, together. around question. it's to Barry out we able which work I it's before become actual question, of products the starting exceptional on across clearer to how gives things. wins board, together. which layers we're to teams around organization team of a the see We that's world. the lot the commercial deliver the ability well, give as an each

a people a are One perspective to complementary work or stand-alone the of this with executive enjoyable basis. folks have have reports my are Howden is Chart combination been combination gotten The really when you combination and you marching Global toward because executive for global it's team even of I great with has direct team, team, on how stronger a an commercial who skills, one Chart me organization and say the from that

commercial concept concept the they immediately team. Global global engineering embraced One on of So Chart same The side. the

and evolution the well So, deploying its over last organizational the model few have been where models really fits the years. we how was in into it that

executive the you at as today talk taken very Middle capabilities. dozens India in we and And Eric the my Fred, to German multiple the level someone nature regions and on of stand-alone just team which confidence me a East haven't an to of has that running And I experience well. with on of those on of APAC talent Massimo, markets, South Howden with like customers do with gate, for team. easily. on station Fred Howden one just our Africa who understands over basis, us brings have about Out we and are penetrating decades market Eric is India. and in staff us ability by complementary projects strength brings and penetrate been the is my and APAC growth. penetrate and repair now of Camille able now hear portfolio organically to product ability Camille high the the a is service in already of fueling Europe, UK the largest early The win from with the further and and bolstered described into this

right goes he So just in.

to then in partner me. Joe my are for tried Massimo And say, last I to I and he's comments saved because prepared Brinkman incredible I -- an business

we Now have like third the the of right. leg stool,

have to other you've understand now when sets go expect together. staff. have these You've I, that These fit talk are I finance have didn't operational, got and you but take of parts your deal and you question, long want all executive the bunch and these markets products reiterate individually. we to which -- end you back I and they to not around pieces and have all to to got me I just this part with you how work to and that the and these important into first a markets, Massimo, people about integrally it's amazing Barry, so and want these products you is end you've question, of I'm that are then Joe this I these people. think skill of got And that certain, really answer this And

aluminum got -- is of island you've They compressor carbon hydrogen, exchanger team. work water. You've raise hydrogen, misfit toys. carbon a the helium, growth a that capture, how as that one works LNG, full solution. One an profitable They not work heat leading that's helium, just together. These And in executive combined manage teams works capture, in that are a we the got commercial Chart And business. number to the point LNG,

Barry Haimes

one Jill. very Just quick follow-up,

do reports progress far? direct many so you on all how Thanks. the and Just just congrats have,

Jillian C. Evanko

those And deliver able to are closely six and Yes. regions, we regional day basis, and five you which a XX really Joe morning. the make I've with global total team work think, this guys regional very to daily got, every you include regions. Massimo talk the congratulations. that It and the are members on like folks if goes the all thank I for business about

your Chris, time to questions. of And last back you, thanks, that's questions. and Barry, our So for the

Operator

you. in that further questions are also no there see Thank queue. I the

for call. participating. conference portion This will the that you So Q&A end Thank also everyone the call. will of conclude today's

You may pleasant now enjoy and disconnect. your weekend. Have day, a

Chart Industries (GTLS) 28 Apr 232023 Q1 Earnings call transcript