Chart Industries sees gross tariff impact of ~$50M before any cost mitigations

“Our team remains agile to respond to commercial and cost uncertainties resulting from the tariff situations. Our business has a strong project backlog and approximately one-third of our revenue is from aftermarket, service and repair activities. Additionally, the RSL segment contributed approximately half of our adjusted operating income in the full year 2024 before corporate expenses. Based on communicated tariff rates as of April 30, 2025 including the implementation of those currently suspended we anticipate a gross tariff impact of ~$50 million before any cost mitigations, future targeted pricing actions, or strategic share gains. Since the supply chain crisis of 2021, we have focused on a regional as well as global supply chain. We developed “in region” supply sources and leverage our global best cost where possible. We also have a strong global manufacturing footprint with flexibility to make nearly all of our products in more than one location and one geography. We have updated long-term agreements for specific pricing mechanisms and also passed pricing through where applicable, including a recent price increase in April 2025. We purchase most project-based materials at the time of order, so have largely locked in our raw material costs for existing project backlog.”