Chart Industries Announces $250M Share Repurchase Program

By Tamara Parker • Wednesday, December 11 10:17 • Permanent Link

Chart Industries, Inc. (NYSE: GTLS) has announced a $250 million share repurchase program, indicating its confidence in the business going forward. The company's net leverage ratio as of September 30, 2024, was 3.04, and it aims to refrain from share repurchases or significant cash acquisitions until it is below 2.5 net leverage. However, the CEO, Jill Evanko, stated that the stock buyback authorization reflects the company's confidence in its future and its anticipation of reaching $3 billion of debt by the end of 2025. This move is part of the company's strategy to return value to shareholders, pay down debt, and deploy capital for productivity and growth opportunities. Today the company's shares have moved 2.5% to a price of $196.88. If you want to know more, read the company's complete 8-K report here.

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