Chart Industries, Inc. (GTLS) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

A telephone replay of today's broadcast will be available approximately two hours following the conclusion of the call until May 8, 2025. The replay information is contained in the company's press release. Before we begin, the company would like to remind you that statements made during this call that are not historical, in fact, are forward-looking statements. Please refer to the information regarding forward-looking statements and risk factors included in the company's earnings release and latest filings with the SEC. The company undertakes no obligation to update publicly or revise any forward-looking statement. During this conference call, references may be made to non-GAAP financial measures. To assist you in understanding these non-GAAP terms, CHART has posted reconciliations to the most directly comparable GAAP financial measures on the CHART industry's website. We have provided a supplemental slide presentation to support our comments on this call that can be accessed in advance and presentation section of the chart website at www.chartindustries.com. I would now like to turn the conference over to Jill Ivanko, Chart Industries CEO. You may begin. Thank you, Ludi. Good morning, and thank you for joining our first quarter 2025 earnings call. Joining me today is our CFO, Joe Brinkman. We will begin on slide four of the supplemental deck that was released this morning. When compared to the first quarter of 2024, Orders of $1.32 billion increased 17.3% and included the addition of Woodside Louisiana LNG phase two. Woodside Louisiana LNG is utilizing our IPSMR process technology and associated equipment for their project. As of the end of the first quarter of 2025, LNG makes up approximately a quarter of our backlog. Sales of $1 billion organically grew 6.6% and t...