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In October, Chart reported missing revenue estimates for 2023. 

On it, $GTLS fell 24.9%, losing $1.5B+ shareholder value. 

Investors may suspect Chart of overstating revenue goals, which led to their losses.

On October 27, 2023, Chart released Q3 2023 financial results, reporting both EPS and revenue missing estimates. Additionally, the Company reduced its full-year 2023 revenue guidance.

On this news, $GTLS fell 24.9% and lost over $1.5 billion of its market capitalization, seriously damaging shareholders.

Considering all the information, investors might have grounds to suspect that Chart and its executives hid their inability to meet revenue goals, which consequently led to their losses.

The case is already under investigation by at least one of the reputable law firms.

Chart Industries Inc

Attorney Investigation

Misleading Statements

Failure to Disclose

Omissions

Directors

Management

Chart (GTLS) Failed Guidnace Case

chart-industries-investor-case

Stocks

Long

Chart Industries, Inc. engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing. It provides bulk and packaged gas cryogenic solutions for the storage, distribution, vaporization, and application of industrial gases; cryogenic trailers, ISO containers, bulk storage tanks, loading facilities, and regasification equipment for delivering liquefied natural gas (LNG) into virtual pipeline applications; and large vacuum insulated storage tanks as equipment for purchasers of standard liquefaction plants. The company also offers natural gas processing solutions; process technology, liquefaction capabilities, and critical equipment for the LNG, include small to mid-scale facilities, floating LNG applications, and large base-load export facilities; brazed aluminum heat exchangers, Core-in-Kettle heat exchangers, cold boxes, air cooled heat exchangers, pressure vessels, and pipe works; and air cooled heat exchangers and axial cooling fans for the HVAC, power, and refining applications. Further, it provides extended warranties, plant start-up, parts, 24/7 support, monitoring and process optimization, repairing, maintenance, and upgrading services; plant services on equipment; and service locations that undertake installation, service, repair, maintenance, and refurbishment of cryogenic products, as well as equipment leasing solutions. Chart Industries, Inc. was founded in 1859 and is headquartered in Ball Ground, Georgia.

Chart (GTLS) Failed Guidnace Case

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