Chart Industries has today reported its second quarter 2020 results with orders totalling $267.6m, $125.1m of which were made in June, marking the highest order month of 2020 to date.
Medical oxygen-related orders, generally for use with coronavirus patients, increased 23.9% in the second quarter compared to quarter one. The company experienced peak medical oxygen demand in April, with related orders tapering to more typical levels in May and June.
Reflecting on current efforts surrounding a clean energy transition, Chart confirmed that June was a record month for HLNG vehicle tanks for over the road trucking, a significant rebound after nearly two months of customer shutdowns due to the pandemic.
The US-based company believes such increase is due to the June 2020 German Government three-year extension of the natural gas vehicle toll exemption and the corresponding expected near-team increase from its sole source customers for the application.
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