Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Chart Industries, Inc. (“Chart” or “the Company”) (NYSE: GTLS). Investors who purchased Chart securities are encouraged to obtain additional information and assist the investigation.
The investigation concerns whether Chart has violated federal securities laws.
Investigation Details:
On October 27, 2023, Chart reported Q3 2023 EPS of $1.28, which missed estimates by $0.23, and revenue of $897.9M, which missed estimates by $132.1M. In addition, Chart reduced is full year 2023 sales guidance from $3.66 billion to $3.80 billion down to $3.45 billion to $3.50 billion to remove sales associated with certain manufacturers due to the accelerated timeline of these divestitures versus its original forecast as well as revenue timing between quarters with associated an adjusted EBITDA 2023 range of $745 million to $760 million compared to its prior outlook range of $780 million to $810 million. On this news, Chart’s stock price fell $36.46 per share, or 24.87%, to close at $110.12 per share on October 27, 2023.
What’s Next?
If you are aware of any facts relating to this investigation or purchased Chart securities, you can assist this investigation. You can also contact Peretz Bronstein or his law clerk and client relations manager, Yael Nathanson of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660.
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About Bronstein, Gewirtz & Grossman, LLC
We represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys' fees, usually a percentage of the total recovery, only if we are successful.
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