Chart Industries, Inc. Buyback
OLI recorded this information on 3/11/2020
Chart Industries, Inc.
Chart Industries, Inc. (NASDAQ: GTLS) today announced that its Board of Directors has authorized the repurchase of up to $75.0 million of its common stock over the next twelve months. Under the stock repurchase program, Chart may purchase shares of its common stock through various means, including open market transactions, block purchases, privately negotiated transactions or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.
Chart Industries is a manufacturer of equipment servicing multiple market applications in energy and industrial gas. Co.'s product portfolio is used throughout the liquid gas supply chain in the production, storage, distribution and end-use of atmospheric, hydrocarbon, and industrial gases. Co.'s equipment and systems are primarily used to cool gases often to cryogenic liquid temperatures and then to transport and store them as liquids. Co.'s products include vacuum insulated containment vessels, heat exchangers, cold boxes, liquefaction process units, other cryogenic components, gas processing equipment, ambient temperature fans and after market services.
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Strong Buy (3.85 out of 4)