Net sales for the year 2012 improved to a record $1,014.2 million, up 28% from 2011 net sales of $794.6 million. Gross profit for 2012 was $305.2 million, or 30.1% of sales, compared to $245.4 million, or 30.9% of sales, in the full year 2011."I am pleased to report a strong fourth quarter to cap off another record year," stated Sam Thomas, Chart's Chairman, President and Chief Executive Officer. "Chart continues to demonstrate its ability to respond quickly to new opportunities and changes in the marketplace. Globally, our expansion projects are progressing nicely and, while executing on strong orders, we have been able to significantly improve capacity and lead times in our Distribution & Storage ("D&S") liquefied natural gas ("LNG") business. We also plan to significantly improve available capacity and lead times in our Energy & Chemicals ("E&C") business by the first quarter of 2014."
Chart Industries Reports 2012 Fourth Quarter And Year-End Results
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