Chart Industries, Inc. (NYSE:GTLS) Q2 2022 Earnings Conference Call July 29, 2022 8:30 AM ET

Company Participants

Jillian Evanko - President and Chief Executive Officer

Joe Brinkman - Vice President and Chief Financial Officer

Conference Call Participants

John Walsh - Credit Suisse

Eric Stine - Craig-Hallum Capital Group

Ben Nolan - Stifel

Chase Mulvehill - Bank of America

Marc Bianchi - Cowen

Robert Brown - Lake Street

Martin Malloy - Johnson Rice and Company

Gregory Lewis - BTIG

Craig Shere - Tuohy Brothers

Operator

Good morning and welcome to Chart Industries, Inc. 2022 Second Quarter Results Conference Call. All lines have been placed on mute to prevent background noise. After the speakers ' remarks, there will be a question-and-answer session. The Company's release and supplemental presentation was issued earlier this morning and can be accessed by visiting Chart's website at www.chartindustries.com. A replay of today's broadcast will be available following the conclusion of the call and it can also be accessed through the Investor Relations section of the Company’s website.

Before we begin, the company would like to remind you that statements made during this call that are not historical, in fact, are forward-looking statements. Please refer to the information regarding forward-looking statements and risk factors included in the company's earnings release and latest filings with the SEC. The Company undertakes no obligation to update publicly or revise any forward-looking statements.

I would now like to turn the conference call over to Jill Evanko, Chart Industries CEO.

Jillian Evanko

Thanks Catherine and thanks everybody for joining us today for our second quarter 2022 earnings. As usual we will reference the supplemental deck that was included with the press release and can be found on our website under the Investor Relations section. With me today is our CFO, Joe Brinkman.

Let’s start on Slide 3 where we are extraordinarily pleased to share our second quarter 2022 all-time records in order a whopping $887 million of them, backlog and sales, which you can see is broad based including records for all in hydrogen and water treatment. And not only do we post our third consecutive record order quarter, which is five record quarters out of the last six. This quarter was also our seventh consecutive quarter of record backlog of $1.95 billion.

Additionally we are starting to see the strong backlog and price cost actions take hold through the P&L with our second quarter also being our all-time record reported growth margin dollars and reported operating income dollars. We continue to see penetration of our FOAK solutions from process technologies through to cryogenic equipment in particular and what we refer to as the Nexus of Clean; Clean Power, Clean Water, Clean Food and Clean Industrials.