Article

Chart Industries reported a 13.4% increase in full-year 2025 orders to $5.68bn, driven by liquefied natural gas, hydrogen, and carbon capture projects. The backlog rose 21.5% to $5.89bn, with expectations that 44% will convert to revenue within 12 months.

Adjusted EBITDA margin was approximately 24%, but net income decreased due to higher operating expenses. In Q4, orders declined 23.8% and sales were $1.08bn. The company is in the process of being acquired by Baker Hughes for $13.6bn, expected to close in Q2 2026, which will incorporate Chart's technologies into Baker Hughes' LNG and energy transition portfolio.