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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2022
or
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from              to             

Commission File Number: 1-11442
CHART INDUSTRIES, INC.
(Exact name of registrant as specified in its charter)
Delaware
34-1712937
(State or other jurisdiction of incorporation or organization)
(I.R.S. Employer Identification No.)
2200 Airport Industrial Drive, Suite 100, Ball Ground, Georgia 30107
(Address of principal executive offices) (ZIP Code)
(770) 721-8800
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former name, former address and former fiscal year, if changed since last report)
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, par value $0.01GTLSNew York Stock Exchange
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  o 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).     Yes  x   No  o 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
x
Accelerated filer
Non-accelerated filer
Smaller reporting company
Emerging growth company
                
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).     Yes  ☐     No  x

As of July 25, 2022, there were 36,624,944 outstanding shares of the Company’s common stock, par value $0.01 per share.



CHART INDUSTRIES, INC.
INDEX
 
2

PART I. FINANCIAL INFORMATION

Item 1.Financial Statements
CHART INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED)
(Dollars in millions, except per share amounts)
June 30,
2022
December 31,
2021
ASSETS
Current Assets
Cash and cash equivalents$149.7 $122.2 
Accounts receivable, less allowances of $4.4 and $6.0, respectively
279.2 236.3 
Inventories, net363.0 321.5 
Unbilled contract revenue130.1 93.5 
Prepaid expenses34.1 20.9 
Other current assets56.3 59.1 
Total Current Assets1,012.4 853.5 
Property, plant, and equipment, net407.2 416.0 
Goodwill984.9 994.6 
Identifiable intangible assets, net549.4 556.1 
Equity method investments97.0 99.6 
Investments in equity securities66.2 77.8 
Other assets50.5 46.2 
TOTAL ASSETS$3,167.6 $3,043.8 
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable$213.4 $175.9 
Customer advances and billings in excess of contract revenue205.4 148.5 
Accrued salaries, wages, and benefits28.2 27.1 
Accrued income taxes6.2 16.1 
Current portion of warranty reserve7.1 9.7 
Current convertible notes256.4 255.9 
Operating lease liabilities, current5.4 5.8 
Other current liabilities53.1 54.9 
Total Current Liabilities775.2 693.9 
Long-term debt666.4 600.8 
Long-term deferred tax liabilities59.0 59.8 
Accrued pension liabilities0.4 1.6 
Operating lease liabilities, non-current17.2 21.4 
Other long-term liabilities35.4 41.1 
Total Liabilities1,553.6 1,418.6 
3

Equity
Common stock, par value $0.01 per share – 150,000,000 shares authorized, 36,624,900 and 36,548,330 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively
0.4 0.4 
Additional paid-in capital781.5 779.0 
Treasury stock; 760,782 shares at both June 30, 2022 and December 31, 2021
(19.3)(19.3)
Retained earnings901.4 878.2 
Accumulated other comprehensive loss(58.6)(21.7)
Total Chart Industries, Inc. Shareholders’ Equity1,605.4 1,616.6 
Noncontrolling interests8.6 8.6 
Total Equity1,614.0 1,625.2 
TOTAL LIABILITIES AND EQUITY$3,167.6 $3,043.8 
See accompanying notes to these unaudited condensed consolidated financial statements.
4

CHART INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(UNAUDITED)
(Dollars and shares in millions, except per share amounts)
 Three Months Ended June 30,Six Months Ended June 30,
 2022202120222021
Sales$404.8 $322.0 $758.9 $610.5 
Cost of sales310.0 238.8 580.4 443.4 
Gross profit94.8 83.2 178.5 167.1 
Selling, general, and administrative expenses53.5 48.1 107.0 94.4 
Amortization expense11.7 9.6 21.8 18.4 
Operating expenses65.2 57.7 128.8 112.8 
Operating income29.6 25.5 49.7 54.3 
Interest expense, net4.4 2.2 7.6 4.2 
Unrealized loss on investments in equity securities9.6 12.5 12.2 9.2 
Realized gain on equity method investment(0.3) (0.3) 
Financing costs amortization0.7 1.1 1.4 2.3 
Foreign currency (gain) loss(1.7)0.9 (0.1)0.9 
Other (income) expense (0.2)0.8 (0.9)0.6 
Income before income taxes and equity in (loss) earnings of unconsolidated affiliates, net17.1 8.0 29.8 37.1 
Income tax expense3.5 1.3 5.6 4.4 
Income before equity in (loss) earnings of unconsolidated affiliates, net13.6 6.7 24.2 32.7 
Equity in (loss) earnings of unconsolidated affiliates, net(0.2)0.1 (0.5)0.2 
Net income13.4 6.8 23.7 32.9 
Less: Income attributable to noncontrolling interests, net of taxes0.4 0.3 0.5 0.8 
Net income attributable to Chart Industries, Inc.$13.0 $6.5 $23.2 $32.1 
Net income attributable to Chart Industries, Inc. per common share:
Basic$0.36 $0.18 $0.65 $0.90 
Diluted$0.31 $0.16 $0.56 $0.79 
Weighted-average number of common shares outstanding:
Basic35.86 35.61 35.85 35.58 
Diluted41.56 40.81 41.18 40.72 
Comprehensive (loss) income, net of taxes$(18.0)$14.4 $(13.8)$21.3 
Less: Comprehensive (loss) income attributable to noncontrolling interests, net of taxes(0.1)0.3  0.8 
Comprehensive (loss) income attributable to Chart Industries, Inc., net of taxes$(17.9)$14.1 $(13.8)$20.5 

See accompanying notes to these unaudited condensed consolidated financial statements.
5

CHART INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
(Dollars in millions)
 Six Months Ended June 30,
 20222021
OPERATING ACTIVITIES
Net income$23.7 $32.9 
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization42.2 39.3 
Employee share-based compensation expense5.6 5.8 
Financing costs amortization1.4 2.3 
Unrealized foreign currency transaction gain(4.3)(2.9)
Unrealized loss on investments in equity securities12.2 9.2 
Equity in loss (earnings) of unconsolidated affiliates0.6 (0.2)
Realized gain on equity method investment(0.3) 
Other non-cash operating activities1.1 1.9 
Changes in assets and liabilities, net of acquisitions:
Accounts receivable(45.6)(19.4)
Inventories(55.6)(65.1)
Unbilled contract revenues and other assets(58.5)(36.5)
Accounts payable and other liabilities27.3 (4.4)
Customer advances and billings in excess of contract revenue62.7 8.8 
Net Cash Provided By (Used In) Operating Activities12.5 (28.3)
INVESTING ACTIVITIES
Acquisition of businesses, net of cash acquired(25.3)(55.0)
Investments (3.9)(52.9)
Capital expenditures(29.8)(26.7)
Cash received from settlement of cross-currency swap agreement3.6  
Government grants and other(0.3)0.3 
Net Cash Used In Investing Activities(55.7)(134.3)
FINANCING ACTIVITIES
Borrowings on revolving credit facility433.3 424.1 
Repayments on revolving credit facility(361.2)(192.5)
Proceeds from exercise of stock options1.4 6.6 
Common stock repurchases from share-based compensation plans(3.3)(3.2)
Net Cash Provided By Financing Activities70.2 235.0 
Effect of exchange rate changes on cash and cash equivalents0.3 0.3 
Net increase in cash, cash equivalents, restricted cash, and restricted cash equivalents 27.3 72.7 
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 122.4 126.1 
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD (1)
$149.7 $198.8 
                
(1)Includes restricted cash and restricted cash equivalents of $0.2 in other current assets as of December 31, 2021 and $1.0 in other assets as of both June 30, 2021 and December 31, 2020. For further information regarding restricted cash and restricted cash equivalents balances, refer to Note 8, “Debt and Credit Arrangements.”

See accompanying notes to these unaudited condensed consolidated financial statements.
6

CHART INDUSTRIES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED)
(Dollars in millions)
Common StockAdditional Paid-in CapitalAccumulated Other Comprehensive
Loss
Non-controlling Interests
 Shares
Outstanding
AmountTreasury StockRetained
Earnings
Total
Equity
Balance at December 31, 202136.55 $0.4 $779.0 $(19.3)$878.2 $(21.7)$8.6 $1,625.2 
Net income — — — — 10.2 — 0.1 10.3 
Other comprehensive loss— — — — — (6.0)— (6.0)
Share-based compensation expense— — 3.3 — — — — 3.3 
Common stock issued from share-based compensation plans0.08 — 1.0 — — — — 1.0 
Common stock repurchases from share-based compensation plans(0.02)— (3.2)— — — — (3.2)
Earthly Labs Inc. purchase price adjustment— — (1.2)— — — — (1.2)
Balance at March 31, 202236.61 0.4 778.9 (19.3)888.4 (27.7)8.7 1,629.4 
Net income— — — — 13.0 — 0.4 13.4 
Other comprehensive loss— — — — — (30.9)— (30.9)
Share-based compensation expense— — 2.3 — — — — 2.3 
Common stock issued from share-based compensation plans0.01 — 0.4 — — — — 0.4 
Common stock repurchases from share-based compensation plans— — (0.1)— — — — (0.1)
Other— — — — — — (0.5)(0.5)
Balance at June 30, 202236.62 $0.4 $781.5 $(19.3)$901.4 $(58.6)$8.6 $1,614.0 

 Common StockAdditional Paid-in CapitalAccumulated Other Comprehensive Income (Loss) Non-controlling Interests
 Shares
Outstanding
AmountTreasury StockRetained
Earnings
Total
Equity
Balance at December 31, 202036.19 $0.4 $780.8 $(19.3)$808.4 $2.4 $6.6 $1,579.3 
Net income — — — — 25.6 — 0.5 26.1 
Cumulative effect of change in accounting principle (1)
— — (36.9)— 10.7 — — (26.2)
Other comprehensive loss— — — — — (19.2)— (19.2)
Share-based compensation expense— — 3.4 — — — — 3.4 
Common stock issued from share-based compensation plans0.18 — 5.6 — — — — 5.6 
Common stock repurchases from share-based compensation plans (0.02)— (3.0)— — — — (3.0)
Other— — 0.1 — — — (0.1) 
Balance at March 31, 202136.35 0.4 750.0 (19.3)844.7 (16.8)7.0 1,566.0 
Net income — — — — 6.5 — 0.3 6.8 
Other comprehensive income— — — — — 7.6 — 7.6 
Share-based compensation expense— — 2.4 — — — — 2.4 
Common stock issued from share-based compensation plans0.03 — 0.9 — — — — 0.9 
Other— — — — — — 0.1 0.1 
Balance at June 30, 202136.38 $0.4 $753.3 $(19.3)$851.2 $(9.2)$7.4 $1,583.8 
_______________
(1)Refer to Note 2, “Significant Accounting Policies” included in our Annual Report on Form 10-K for the year ended December 31, 2021 for discussion regarding the cumulative effect of change in accounting principle.

See accompanying notes to these unaudited condensed consolidated financial statements.
7

CHART INDUSTRIES, INC. AND SUBSIDIARIES
Notes to the Unaudited Condensed Consolidated Financial Statements – June 30, 2022
(Dollars and shares in millions, except per share amounts)

NOTE 1 — Basis of Preparation
The accompanying unaudited condensed consolidated financial statements of Chart Industries, Inc. and its consolidated subsidiaries (herein referred to as the “Company,” “Chart,” “we,” “us,” or “our”) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2021. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2022 are not necessarily indicative of the results that may be expected for the year ending December 31, 2022.
Nature of Operations: We are a leading independent global manufacturer of highly engineered cryogenic equipment servicing multiple applications in the industrial gas and clean energy markets. Our unique product portfolio is used in every phase of the liquid gas supply chain, including upfront engineering, service and repair. Being at the forefront of the clean energy transition, Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas, CO2 Capture and water treatment, among other applications. We are committed to excellence in environmental, social and corporate governance (ESG) issues both for our company as well as our customers. With over 25 global manufacturing locations from the United States to Asia, India and Europe, we maintain accountability and transparency to our team members, suppliers, customers and communities.
Principles of Consolidation: The unaudited condensed consolidated financial statements include the accounts of Chart Industries, Inc. and its subsidiaries. Intercompany accounts and transactions are eliminated in consolidation.
Reclassifications: We reclassified equity in earnings of unconsolidated affiliates, net from selling, general, and administrative expenses to equity in earnings of unconsolidated affiliates, net in the 2021 condensed consolidated statement of income and comprehensive income in order to conform to the 2022 presentation.
Derivative Instruments: We utilize certain derivative financial instruments to enhance our ability to manage foreign currency risk that exists as part of ongoing business operations. During the second quarter of 2022 we entered into cross-currency swaps as a net investment hedge of our investments in certain international subsidiaries that use the euro as their functional currency in order to reduce the volatility caused by changes in exchange rates. Our cross-currency swaps are measured at fair value and recorded on the condensed consolidated balance sheets within other assets or other long-term liabilities. Changes in fair value are recorded as foreign currency translation adjustments within accumulated other comprehensive loss. See Note 8, “Debt and Credit Arrangements,” for further information regarding the cross-currency swaps.
Use of Estimates: The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements. These estimates may also affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions, based on a number of factors including the current macroeconomic conditions such as inflation and supply chain disruptions, as well as risks set forth in our Annual Report on Form 10-K.
Recently Issued Accounting Standards (Not Yet Adopted): In June 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2022-03, “Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions.” The amendments in this update clarify that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the security and, therefore, is not considered in measuring fair value. The amendments also clarify that an entity cannot recognize and measure a contractual sale restriction and adds additional disclosures for equity securities subject to contractual sale restrictions. The amendments in this update are effective for fiscal years beginning after December 15, 2023, including interim periods within those fiscal years. We do not expect this ASU to have a material impact on our financial position, results of operations, and disclosures.
In March 2022, the FASB issued ASU 2022-02, “Financial Instruments Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures.” The amendments in this update require that an entity disclose current-period gross writeoffs by year of origination for financing receivables and net investments in leases within the scope of Accounting
8

CHART INDUSTRIES, INC. AND SUBSIDIARIES
Notes to the Unaudited Condensed Consolidated Financial Statements – June 30, 2022
(Dollars and shares in millions, except per share amounts) – Continued





Standards Codification (“ASC”) 326. The amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We do not expect this ASU to have a material impact on our financial position, results of operations, and disclosures.
In March 2020, the FASB issued ASU 2020-04, “Reference Rate Reform (Topic 848), Facilitation of the Effects of Reference Rate Reform on Financial Reporting,” and in January 2021, the FASB subsequently issued ASU 2021-01, “Reference Rate Reform (Topic 848): Scope.” ASU 2020-04 and the subsequent modifications are identified as ASC 848 (“ASC 848”). ASC 848 simplifies the accounting for modifying contracts (including those in hedging relationships) that refer to LIBOR and other interbank offered rates that are expected to be discontinued due to reference rate reform. The amendments in ASC 848 are effective for all entities as of March 12, 2020 through December 31, 2022. An entity may elect to apply the amendments for contract modifications by Topic or Industry Subtopic as of any date from the beginning of an interim period that includes or is subsequent to March 12, 2020, or prospectively from a date within an interim period that includes or is subsequent to March 12, 2020, up to the date that the financial statements are available to be issued. Once elected for a Topic or an Industry Subtopic, the amendments in ASC 848 must be applied prospectively for all eligible contract modifications for that Topic or Industry Subtopic. We expect application of the amendments to impact accounting for our senior secured revolving credit facility due October 2026. We do not expect this ASU to have a material impact on our financial position, results of operations, and disclosures.
Recently Adopted Accounting Standards: In November 2021, the FASB issued ASU 2021-10, “Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance.” The amendments in this update require annual disclosures about transactions with a government that are accounted for by applying a grant or contribution model by analogy. The amendments in this update are effective for all entities within their scope for financial statements issued for annual periods beginning after December 15, 2021. Early application of the amendments is permitted. We adopted this guidance effective January 1, 2022. The adoption of this guidance did not have a material impact on our financial position, results of operations or disclosures.
In October 2021, the FASB issued ASU 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” The amendments in this update require that an entity (acquirer) recognize and measure contract assets and contract liabilities acquired in a business combination in accordance with Topic 606. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. We adopted this guidance effective April 1, 2022. The adoption of this guidance did not have a material impact on our financial position, results of operations or disclosures.
NOTE 2 — Reportable Segments
As reported in our Annual Report on Form 10-K for the year ended December 31, 2021, the structure of our internal organization is divided into the following four reportable segments, which are also our operating segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing.
Our Cryo Tank Solutions segment supplies bulk, microbulk and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases and certain hydrocarbons. Our Heat Transfer Systems segment supplies mission critical engineered equipment and systems used in the separation, liquefaction, and purification of hydrocarbon and industrial gases that span gas-to-liquid applications. Our Specialty Products segment supplies products used in specialty end-market applications including hydrogen, biofuels, CO2 Capture, food and beverage, space exploration, gas by rail, lasers, cannabis and water treatment, among others. Our Repair, Service & Leasing segment provides installation, service, repair, maintenance, and refurbishment of cryogenic products in addition to providing equipment leasing solutions.
Corporate includes operating expenses for executive management, accounting, tax, treasury, corporate development, human resources, information technology, investor relations, legal, internal audit and risk management. Corporate support functions are not currently allocated to the segments.
We evaluate performance and allocate resources based on operating income as determined in our condensed consolidated statements of income and comprehensive income.
9

CHART INDUSTRIES, INC. AND SUBSIDIARIES
Notes to the Unaudited Condensed Consolidated Financial Statements – June 30, 2022
(Dollars and shares in millions, except per share amounts) – Continued





Segment Financial Information
 Three Months Ended June 30, 2022
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$132.9 $102.9 $115.3 $55.4 $(1.7)$ $404.8 
Depreciation and amortization expense4.1 7.4 5.4 4.2  0.6 21.7 
Operating income (loss) (1) (2)
9.9 5.7 20.8 12.0  (18.8)29.6 

 Three Months Ended June 30, 2021
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$97.8 $65.2 $106.8 $54.6 $(2.4)$ $322.0 
Depreciation and amortization expense3.8 9.5 3.4 2.7  0.4 19.8 
Operating income (loss) (1) (2)
13.4 (0.5)23.4 5.6  (16.4)25.5 

Six Months Ended June 30, 2022
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$251.0 $182.2 $222.8 $104.7 $(1.8)$ $758.9 
Depreciation and amortization expense8.2 15.1 9.3 8.5  1.1 42.2 
Operating income (loss) (1) (2)
24.0 5.5 37.0 20.3  (37.1)49.7 

Six Months Ended June 30, 2021
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsCorporateConsolidated
Sales$201.7 $134.4 $184.1 $96.0 $(5.7)$ $610.5 
Depreciation and amortization expense7.7 19.0 6.5 5.3  0.8 39.3 
Operating income (loss) (1) (2)
29.0 3.3 41.3 13.9  (33.2)54.3 
_______________
(1)Restructuring costs for the:
three months ended June 30, 2022 were $0.2 ($0.1 - Cryo Tank Solutions, $0.1 - Specialty Products).
three months ended June 30, 2021 were $0.3 in our Heat Transfer Systems segment.
six months ended June 30, 2022 were $0.3 ($0.1 - Cryo Tank Solutions, $0.1 - Heat Transfer Systems, $0.1 - Specialty Products).
six months ended June 30, 2021 were $1.0 ($0.3 - Cryo Tank Solutions, $0.7 - Heat Transfer Systems).
(2)Acquisition-related contingent consideration (credits)/charges in our Specialty Products Segment were related to our 2020 acquisitions of Sustainable Energy Solutions, Inc. (“SES”) and BlueInGreen, LLC (“BIG”) and for the:
three months ended June 30, 2022 were $(0.2).
three months ended June 30, 2021 were $1.2.
six months ended June 30, 2022 were $(1.0).
six months ended June 30, 2021 were $2.0.
10

CHART INDUSTRIES, INC. AND SUBSIDIARIES
Notes to the Unaudited Condensed Consolidated Financial Statements – June 30, 2022
(Dollars and shares in millions, except per share amounts) – Continued





Sales by Geography
Three Months Ended June 30, 2022
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingIntersegment EliminationsConsolidated
North America$52.4 $