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Chart Industries, Inc. Makes Progress in 2015, Ready to Ride Out the Downturn
2016-02-27 15:25:22| Industrial Machines - Topix.net
Chart Industries, reported fourth quarter and full-year 2015 earnings on Feb. 25, and the best way to sum it up is that 2015 was a year of transition, where the company largely focused on reducing costs, and positioning itself to ride out the down cycle in several of the industries it supplies, and be ready when the market turns again. It's worth noting that Chart's significant GAAP loss in the fourth quarter and full year was a result of $253.5 million in non-cash asset and goodwill impairment charges, not a cash loss.
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Category:Industrial Goods and Services