Chart industries has reported a net loss of $3.3m for the Q4 of 2016. The adjusted earnings broke even, excluding $4.7m of restructuring, including severance related costs recorded in the quarter.
The net income for 2016 was $28.2m which includes the insurance settlement recorded in the Q3.
Chart reported that the net loss for the year 2015 was $203.0m which includes the impact of non-cash impairment charges, facility shutdown and severance costs in the prior year.
Chart’s Net sales for the Q4 of 2016 were $214.4m compared to $260.8m in the comparable period the year before. The company’s Gross profit for the Q4 of 2016 was $57.1m (26.6% of sales) versus $72.8m (27.9% of sales), in the comparable quarter of 2015.
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