CHART INDUSTRIES INC, 10-Q filed on 5/11/2026
Quarterly Report
v3.26.1
COVER - shares
 3 Months Ended
Mar. 31, 2026
May 07, 2026
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Mar. 31, 2026  
Document Transition Report false  
Entity File Number 1-11442  
Entity Registrant Name CHART INDUSTRIES, INC.  
Entity Incorporation, State DE  
Entity Tax Identification Number 34-1712937  
Street Address 8665 New Trails Drive, Suite 100  
Entity City or Town The Woodlands  
Entity State or Province TX  
Entity Postal Zip Code 77381  
City Area Code 281  
Local Phone Number 364-8700  
Title of each class Common Stock, par value $0.01  
Trading Symbol(s) GTLS  
Name of each exchange on which registered NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   47,869,076
Amendment Flag false  
Document Fiscal Year Focus 2026  
Document Fiscal Period Focus Q1  
Entity Central Index Key 0000892553  
Current Fiscal Year End Date --12-31  
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Current Assets    
Cash and cash equivalents $ 267.9 $ 366.0
Accounts receivable, net 763.4 782.1
Inventories, net 587.5 572.3
Unbilled contract revenue 1,045.6 986.4
Other current assets 195.4 192.7
Total Current Assets 2,859.8 2,899.5
Property, plant, and equipment, net 917.6 918.6
Goodwill 3,061.8 3,067.6
Identifiable intangible assets, net 2,450.9 2,511.7
Other assets 401.5 409.0
TOTAL ASSETS 9,691.6 9,806.4
Current Liabilities    
Accounts payable 1,114.8 1,236.5
Customer advances and billings in excess of contract revenue 285.0 324.4
Accrued interest 62.6 104.6
Termination fee paid by Baker Hughes Company 258.0 258.0
Other current liabilities 154.3 205.1
Total Current Liabilities 1,874.7 2,128.6
Long-term debt 3,786.7 3,565.0
Deferred tax liabilities 554.4 553.7
Other long-term liabilities 170.7 183.4
Total Liabilities 6,386.5 6,430.7
Equity    
Common stock, par value $0.01 per share — 150,000,000 shares authorized, 48,629,858 and 48,557,490 shares issued at March 31, 2026 and December 31, 2025, respectively 0.5 0.5
Additional paid-in capital 1,903.3 1,902.1
Treasury stock; 760,782 shares at both March 31, 2026 and December 31, 2025 (19.3) (19.3)
Retained earnings 1,109.8 1,127.0
Accumulated other comprehensive income 162.9 220.0
Total Chart Industries, Inc. Shareholders’ Equity 3,157.2 3,230.3
Noncontrolling interests 147.9 145.4
Total Equity 3,305.1 3,375.7
TOTAL LIABILITIES AND EQUITY $ 9,691.6 $ 9,806.4
v3.26.1
CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parentheticals) - $ / shares
Mar. 31, 2026
Dec. 31, 2025
Statement of Financial Position [Abstract]    
Common stock, par value (usd per share) $ 0.01 $ 0.01
Common stock, shares authorized (shares) 150,000,000 150,000,000
Common stock, shares issued (shares) 48,629,858 48,557,490
Treasury stock (shares) 760,782 760,782
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Statement [Abstract]    
Sales $ 884.8 $ 1,001.5
Cost of sales 633.4 661.7
Gross profit 251.4 339.8
Selling, general and administrative expenses 152.0 141.0
Amortization expense 46.8 46.5
Operating expenses 198.8 187.5
Operating income 52.6 152.3
Interest expense, net 73.0 77.1
Other expense, net 6.3 3.3
(Loss) income from continuing operations before income taxes and equity in loss of unconsolidated affiliates, net (26.7) 71.9
Income tax (benefit) expense (12.5) 17.6
(Loss) income from continuing operations before equity in loss of unconsolidated affiliates, net (14.2) 54.3
Equity in loss of unconsolidated affiliates, net (0.3) 0.0
Net (loss) income from continuing operations (14.5) 54.3
Loss from discontinued operations, net of tax 0.0 (2.0)
Net (loss) income (14.5) 52.3
Less: Income attributable to noncontrolling interests of continuing operations, net of taxes 2.6 2.8
Net (loss) income attributable to Chart Industries, Inc. (17.1) 49.5
Amounts attributable to Chart common shareholders    
(Loss) income from continuing operations (17.1) 51.5
Less: Mandatory convertible preferred stock dividend requirement 0.0 6.8
(Loss) income from continuing operations attributable to Chart (17.1) 44.7
Loss from discontinued operations, net of tax 0.0 (2.0)
Net (loss) income attributable to Chart common shareholders — basic (17.1) 42.7
Net (loss) income attributable to Chart common shareholders — diluted $ (17.1) $ 42.7
Basic earnings per common share attributable to Chart Industries, Inc.    
(Loss) income from continuing operations (usd per share) $ (0.36) $ 0.99
Loss from discontinued operations (usd per share) 0 (0.04)
Net (loss) income attributable to Chart Industries, Inc. — basic (usd per share) (0.36) 0.95
Diluted earnings per common share attributable to Chart Industries, Inc.    
(Loss) income from continuing operations (usd per share) (0.36) 0.99
Loss from discontinued operations (usd per share) 0 (0.05)
Net (loss) income attributable to Chart Industries, Inc. — diluted (usd per share) $ (0.36) $ 0.94
Weighted-average number of common shares outstanding:    
Basic (shares) 47,850 44,930
Diluted (shares) 47,850 45,200
Other comprehensive (loss) income:    
Net (loss) income $ (14.5) $ 52.3
Other comprehensive (loss) income, net of tax:    
Foreign currency translation adjustments, net (56.9) 128.1
Pension liability adjustments, net of taxes (0.2) 0.3
Other comprehensive (loss) income, net of tax (57.1) 128.4
Comprehensive (loss) income, net of taxes (71.6) 180.7
Less: Comprehensive income attributable to noncontrolling interests, net of taxes 2.6 8.4
Comprehensive (loss) income attributable to Chart Industries, Inc., net of taxes $ (74.2) $ 172.3
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
OPERATING ACTIVITIES    
Net (loss) income $ (14.5) $ 52.3
Less: Loss from discontinued operations, net of tax 0.0 (2.0)
Net (loss) income from continuing operations (14.5) 54.3
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 71.5 66.2
Employee share-based compensation expense 5.4 6.2
Financing costs amortization 4.9 4.8
Other non-cash operating activities 7.6 (0.6)
Changes in assets and liabilities, net of acquisitions:    
Accounts receivable 25.1 23.3
Inventories (16.6) (8.9)
Unbilled contract revenue (63.7) (89.0)
Prepaid expenses and other current assets (7.6) (16.6)
Accounts payable and other current liabilities (203.7) (62.9)
Customer advances and billings in excess of contract revenue (40.1) (41.9)
Long-term assets and liabilities (16.3) 5.1
Net Cash Used In Continuing Operating Activities (248.0) (60.0)
Net Cash Provided By Discontinued Operating Activities 0.0 0.0
Net Cash Used In Operating Activities (248.0) (60.0)
INVESTING ACTIVITIES    
Acquisition of businesses, net of cash acquired 29.1 0.0
Capital expenditures (24.8) (20.1)
Investments (3.3) (1.4)
Other investing activities (0.3) 0.4
Net Cash Used In Investing Activities (57.5) (21.1)
FINANCING ACTIVITIES    
Borrowings on credit facilities 803.8 746.2
Repayments on credit facilities (584.5) (666.6)
Common stock repurchases from share-based compensation plans (5.2) (3.9)
Dividend distribution to noncontrolling interests 9.5 0.0
Dividends paid on mandatory convertible preferred stock 0.0 (6.8)
Other financing activities (0.7) (3.2)
Net Cash Provided By Financing Activities 203.9 65.7
Effect of exchange rate changes on cash and cash equivalents 1.2 2.9
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents (100.4) (12.5)
Cash, cash equivalents, restricted cash, and restricted cash equivalents at beginning of period 369.8 310.5
CASH, CASH EQUIVALENTS, RESTRICTED CASH, AND RESTRICTED CASH EQUIVALENTS AT END OF PERIOD $ 269.4 $ 298.0
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parentheticals) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Statement of Cash Flows [Abstract]        
Restricted cash $ 1.5 $ 3.8 $ 1.8 $ 1.9
v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY (UNAUDITED) - USD ($)
shares in Thousands, $ in Millions
Total
Common Stock
Preferred Stock
Additional Paid-in Capital
Treasury Stock
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests
Beginning balance (shares) at Dec. 31, 2024   45,660            
Beginning balance at Dec. 31, 2024 $ 2,995.2 $ 0.5 $ 0.0 $ 1,889.3 $ (19.3) $ 1,113.4 $ (155.1) $ 166.4
Preferred stock, beginning balance (shares) at Dec. 31, 2024     400          
Increase (Decrease) in Stockholders' Equity                
Net income 52.3         49.5   2.8
Other comprehensive income (loss) 128.4           122.8 5.6
Share-based compensation expense 6.2     6.2        
Common stock issued from share-based compensation plans (shares)   60            
Common stock issued from share-based compensation plans 0.3     0.3        
Common stock repurchases from share-based compensation plans (shares)   (20)            
Common stock repurchases from share-based compensation plans (3.9)     (3.9)        
Preferred stock dividend (6.8)         (6.8)    
Dividend distribution to noncontrolling interest (5.0)             (5.0)
Other (0.1)             (0.1)
Ending balance (shares) at Mar. 31, 2025   45,700            
Ending balance at Mar. 31, 2025 3,166.6 $ 0.5 $ 0.0 1,891.9 (19.3) 1,156.1 (32.3) 169.7
Preferred stock, ending balance (shares) at Mar. 31, 2025     400          
Beginning balance (shares) at Dec. 31, 2025   48,560            
Beginning balance at Dec. 31, 2025 3,375.7 $ 0.5   1,902.1 (19.3) 1,127.0 220.0 145.4
Increase (Decrease) in Stockholders' Equity                
Net income (14.5)         (17.1)   2.6
Other comprehensive income (loss) (57.1)           (57.1)  
Share-based compensation expense 5.4     5.4        
Common stock issued from share-based compensation plans (shares)   100            
Common stock issued from share-based compensation plans 0.9     0.9        
Common stock repurchases from share-based compensation plans (shares)   (20)            
Common stock repurchases from share-based compensation plans (5.2)     (5.2)        
Other (0.1)     0.1   (0.1)   (0.1)
Ending balance (shares) at Mar. 31, 2026   48,640            
Ending balance at Mar. 31, 2026 $ 3,305.1 $ 0.5   $ 1,903.3 $ (19.3) $ 1,109.8 $ 162.9 $ 147.9
v3.26.1
Basis of Preparation
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Basis of Preparation Basis of Preparation
The accompanying unaudited condensed consolidated financial statements of Chart Industries, Inc. and its consolidated subsidiaries (herein referred to as the “Company,” “Chart,” “we,” “us,” or “our”) have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. These financial statements should be read in conjunction with the audited financial statements and notes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2025. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three months ended March 31, 2026 are not necessarily indicative of the results that may be expected for the year ending December 31, 2026.
Nature of Operations: We are a global leader in the design, engineering, and manufacturing of process technologies and equipment for gas and liquid molecule handling for the Nexus of Clean™ - clean power, clean water, clean food, and clean industrials, regardless of molecule. The company’s unique product and solution portfolio across stationary and rotating equipment is used in every phase of the liquid gas supply chain, including engineering, service and repair and from installation to preventive maintenance and digital monitoring. Chart is a leading provider of technology, equipment and services related to liquefied natural gas, hydrogen, biogas, and CO2 capture amongst other applications. Chart is committed to excellence in environmental, social, and corporate governance (ESG) issues both for our company as well as our customers. With 63 global manufacturing locations and 50 service centers from the United States to Asia, India, Europe and South America, we maintain accountability and transparency to our team members, suppliers, customers and communities.
Proposed Merger with Baker Hughes Company: On July 28, 2025, Chart Industries, Inc., a Delaware corporation (“Chart”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Baker Hughes Company, a Delaware corporation (“Baker Hughes”), and Tango Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Baker Hughes (“Merger Sub”). The Merger Agreement was unanimously approved by Chart’s board of directors (the “Chart Board”) after the Chart Board determined that the proposal received from Baker Hughes constituted a “Superior Chart Proposal” under the terms of its previously entered into merger agreement with Flowserve. On October 6, 2025, Chart’s stockholders approved the proposal to adopt the Merger Agreement.
Pursuant to the Merger Agreement, and subject to the terms and conditions described therein, Merger Sub will merge with and into Chart (the “Merger”), with Chart continuing as the surviving corporation and becoming a wholly owned subsidiary of Baker Hughes.
At the effective time of the Merger (the “Effective Time”), each share of common stock of Chart, par value $0.01 per share (“Chart Common Stock”), issued and outstanding immediately prior to the Effective Time (other than (i) shares held by Chart or its subsidiaries as treasury stock or otherwise, (ii) shares held by Baker Hughes or its subsidiaries, and (iii) shares as to which appraisal rights have been properly exercised and not withdrawn under Delaware law) will be converted automatically into the right to receive $210.00 in cash (the “Merger Consideration”), without interest and subject to any applicable withholding tax.
Pursuant to the Merger Agreement, each equity award of Chart granted under its equity plans or otherwise that is outstanding immediately prior to the Effective Time will be treated as follows: (i) each outstanding option to purchase shares of Chart Common Stock, whether vested or unvested, that has an exercise price per share less than the Merger Consideration will be cancelled and converted into the right to receive a cash payment equal to the product of (x) the excess of the Merger Consideration over the per-share exercise price of such option and (y) the number of shares subject to the option, and any stock option with an exercise price equal to or greater than the Merger Consideration will be cancelled for no consideration; (ii) each outstanding restricted stock unit granted prior to the date of the Merger Agreement, whether vested or unvested, will be converted into the right to receive the Merger Consideration in respect of the number of shares of Chart Common Stock underlying such award; and (iii) each outstanding performance stock unit (“PSU”) will vest as to a pro-rata portion of the award based on the portion of the performance period elapsed prior to the Effective Time, with the level of performance deemed to be satisfied at the greater of (x) the target level of performance applicable to such PSU and (y) the actual level of performance achieved as of immediately prior to the Effective Time (as reasonably determined by the Chart Board or the compensation committee thereof), and the vested portion of each PSU will be cancelled and converted into the right to receive a cash payment equal to the Merger Consideration for each vested share.
The Merger Agreement contains customary representations and warranties of each of Chart and Baker Hughes, which, in the case of Chart, are qualified by the confidential disclosures provided to Baker Hughes in connection with the Merger Agreement, as well as matters included in Chart’s reports filed with the Securities and Exchange Commission prior to the date
of the Merger Agreement. Additionally, the Merger Agreement provides for customary pre-closing covenants of each of Chart and Baker Hughes, including to cooperate and use reasonable best efforts with respect to seeking regulatory approvals (subject to certain specified limitations), and, in the case of Chart: (i) to conduct its business in the ordinary course (subject to certain exceptions); (ii) to hold a meeting of its stockholders to obtain the requisite stockholder approval contemplated by the Merger Agreement; (iii) not to solicit proposals relating to any alternative business combination transactions; and (iv) subject to certain exceptions, not to enter into any discussion concerning, or provide confidential information in connection with, any such alternative business combination transactions. In addition, with respect to the termination of the Flowserve Merger Agreement (as defined below) and the payment of the Flowserve Termination Payment (as defined below) to Flowserve (as defined below), Baker Hughes was required to pay $258 million of such Flowserve Termination Payment to Flowserve on Chart’s behalf (and Chart was required to pay the remaining $8 million portion thereof), which payments were made during the third quarter of 2025.
The completion of the Merger is subject to the satisfaction or waiver of certain conditions, including (i) the approval by holders of Chart Common Stock of a proposal to adopt the Merger Agreement; (ii) the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the receipt of certain other clearances, approvals and consents under certain applicable foreign antitrust and regulatory laws; (iii) the absence of governmental restraints or prohibitions preventing the consummation of the Merger; (iv) the representations and warranties of Chart and Baker Hughes being true and correct (subject to certain qualifications); (v) the performance in all material respects by the parties of their respective obligations under the Merger Agreement and (vi) the absence of any effect, change or event that has had a material adverse effect on Chart, subject to certain exceptions.
The Merger Agreement contains certain termination rights for the parties, including in the event that (i) the parties agree in writing to terminate the Merger Agreement, (ii) if the Merger is not consummated by the initial outside date of July 28, 2026 (as it may be extended, the “Outside Date”), which date will be automatically extended for two successive six-month periods if the only remaining conditions to closing are the receipt of required regulatory approvals, (iii) any legal restraint having the effect of prohibiting the consummation of the Merger shall have become final and nonappealable or (iv) the other party has breached its representations, warranties or covenants in the Merger Agreement, subject to certain qualifications.
The Merger Agreement provides that, upon termination of the Merger Agreement under certain specified circumstances, including by Baker Hughes due to a material breach by Chart or by either Chart or Baker Hughes because the Merger is not consummated by the Outside Date, in each case at a time when there was an offer or proposal for an alternative transaction with Chart prior to such termination and Chart enters into or consummates an alternative transaction within twelve (12) months following such date of termination, Chart will be required to pay to Baker Hughes a termination fee equal to $250 million in cash (the “Chart Termination Fee”).
In addition, if the Merger Agreement is terminated under circumstances where such termination fee becomes payable by Chart, Chart will also be required to reimburse Baker Hughes for the portion of the Flowserve Termination Payment that Baker Hughes paid on Chart’s behalf in connection with the termination of the Flowserve Merger Agreement.
The Merger Agreement further provides that, upon termination of the Merger Agreement under certain specified circumstances related to the failure to obtain required antitrust or foreign investment law approvals, Baker Hughes shall pay to Chart a reverse termination fee equal to $500 million in cash.
Termination of Merger Agreement with Flowserve Corporation: On June 3, 2025, Chart entered into an Agreement and Plan of Merger with Flowserve Corporation, a New York corporation (“Flowserve”), Big Sur Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Flowserve, and Napa Merger Sub LLC, a Delaware limited liability company and a direct wholly owned subsidiary of Flowserve (the “Flowserve Merger Agreement”).
On July 28, 2025, prior to entering into the Merger Agreement, Chart, Flowserve, Big Sur Merger Sub, Inc., and Napa Merger Sub LLC entered into a Termination Agreement, pursuant to which the parties agreed to terminate the Flowserve Merger Agreement (the “Termination Agreement”). Under the terms of the Termination Agreement, a termination payment of $266 million (the “Flowserve Termination Payment”) was paid in cash to Flowserve (of which, as noted above, $258 million was paid by Baker Hughes on Chart’s behalf and $8 million was paid by Chart). The Flowserve Termination Payment consists of the $250 million termination fee that was required to be paid to Flowserve under the Flowserve Merger Agreement plus an additional agreed upon amount of $16 million to reimburse Flowserve for certain expenses.
In accordance with the Termination Agreement, Chart had an obligation to pay Flowserve $266 million. Of this amount, $258 million was paid by Baker Hughes on Chart’s behalf, and $8 million was paid directly by Chart as previously mentioned. As a result, we recorded $266 million to termination fee expense during the third quarter of 2025. We recorded a
corresponding liability of $258 million for termination fee paid by Baker Hughes Company, which is reflected within the condensed consolidated balance sheet as of March 31, 2026.
In addition, the Termination Agreement provides for a mutual release of all claims related to or arising out of the Flowserve Merger Agreement and the transactions contemplated thereby, as well as a letter of intent between Chart and Flowserve to amend an existing supply agreement between them (or their affiliates) to extend the term and to expand the coverage thereof to include certain additional products of Flowserve during such term.
Principles of Consolidation: The unaudited condensed consolidated financial statements have been prepared in accordance with GAAP and include the accounts of Chart Industries, Inc. and its subsidiaries. Intercompany accounts and transactions are eliminated in consolidation.
Use of Estimates: The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements. These estimates may also affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions based on a number of factors including the current macroeconomic conditions such as inflation, supply chain disruptions, and the impact of regional conflicts, including the conflict in Iran, as well as risks set forth in our Annual Report on Form 10-K.
Recently Adopted Accounting Standards: In July 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2025-05, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets”, which provides a practical expedient permitting an entity to assume that conditions at the balance sheet date remain unchanged over the life of the asset when estimating expected credit losses for current accounts receivable and current contract assets. The amendments in this update are effective for fiscal years beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. We adopted this ASU effective January 1, 2026 on a prospective basis. The adoption did not have a material impact on our condensed consolidated financial statements.
Recently Issued Accounting Standards (Not Yet Adopted): In December 2025, the FASB issued ASU No. 2025-10, “Accounting for Government Grants”, which adds guidance to ASC 832 on the recognition, measurement, and presentation of government grants. The amendments in this update are effective for fiscal years beginning after December 15, 2028, and interim reporting periods within those annual reporting periods. The updates required by this standard are to be applied either by a modified prospective approach, modified retrospective approach, or a full retrospective approach. We are currently assessing the effect this ASU will have on our financial position, results of operations, and disclosures.
In September 2025, the FASB issued ASU No. 2025-07, “Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606)”, which refines the scope of the guidance on derivatives in ASC 815 and clarifies the guidance on share-based payments from a customer in ASC 606. The amendments in this update are effective for fiscal years beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. The updates required by this standard are to be applied prospectively with the option for retrospective application. We do not expect this ASU to have a material impact on our financial position, results of operations, and disclosures.
In September 2025, the FASB issued ASU No. 2025-06, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40)”, which provides guidance to clarify and modernize the accounting for costs related to internal-use software. The guidance removes references to project stages throughout ASC 350-40 and clarifies the threshold entities apply to begin capitalizing costs. Additionally, the guidance specifies that the property, plant and equipment disclosure requirements under ASC 360-10 apply to capitalized software costs accounted for under ASC 350-40, regardless of how those costs are presented in the financial statements. The amendments in this update are effective for fiscal years beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. The updates required by this standard are to be applied prospectively with the option for retrospective application. We are currently assessing the effect this ASU will have on our financial position, results of operations, and disclosures.
In November 2024, the FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses”, which is intended to improve expense disclosures, primarily by requiring disclosure of disaggregated information about certain income statement expense line items on an annual and interim basis. The amendments in this update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The updates required by this standard are to be applied prospectively with the option for retrospective application. We are currently assessing the effect this ASU will have on our disclosures.
v3.26.1
Reportable Segments
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Reportable Segments Reportable Segments
We have four reportable segments which reflect the manner in which our chief operating decision maker (“CODM”) reviews results and allocates resources. Each segment is organized and managed based upon the nature of our markets and customers and consists of similar products and services. Each of our four reportable segments operate globally and are also our operating segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products and Repair, Service & Leasing. Our Cryo Tank Solutions segment, which has principal operations in the United States, Europe and Asia, serves most geographic regions around the globe, supplying bulk, microbulk and mobile equipment used in the storage, distribution, vaporization, and application of industrial gases and certain hydrocarbons. Our Heat Transfer Systems segment, with principal operations in the United States and Europe, also serves most geographic regions globally, supplying mission-critical engineered equipment and systems used in the recovery, separation, liquefaction, and purification of hydrocarbons, liquefied natural gas (“LNG”) and industrial gases that span gas-to-liquid applications. Our Specialty Products segment supplies products used in specialty end-market applications including engineered liquefaction, storage and compression equipment for hydrogen and helium, LNG for over-the-highway vehicles, biofuels, carbon capture, food and beverage, aerospace, nuclear, marine, mining, lasers and water treatment end markets. Our Repair, Service & Leasing segment provides installation, retrofitting and refurbishment, services and repairs, preventative and contractual maintenance, and digital solutions of Chart’s stationary (liquefaction, fueling stations, among other products) and rotating equipment (compression, fans, among other products) globally in addition to providing targeted equipment leasing solutions.
Corporate includes certain unallocated operating expenses for executive management, accounting, tax, treasury, corporate development, human resources, information technology (“IT”), investor relations, legal, internal audit, and risk management. Corporate support functions are not currently allocated to the segments.
Our CODM, who is our President, evaluates each segment’s performance and allocates resources based on operating income as determined in our consolidated statements of operations. The CODM uses operating income for each segment predominantly in the annual budget and forecasting process. The CODM considers budget-to-actual and current-to-prior period actual variances on a quarterly basis when making decisions about the allocation of operating and capital resources to each segment. Furthermore, the CODM uses segment operating income for evaluating pricing strategy and assessing the performance of each segment by comparing the results of each segment with one another and in determining the compensation of certain employees.
Segment Financial Information
 Three Months Ended March 31, 2026
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingCorporateConsolidated
Sales$145.6 $246.1 $214.5 $278.6 $— $884.8 
Cost of sales111.6 194.6 168.8 158.4 — 633.4 
Selling, general and administrative expenses21.5 12.8 32.9 40.5 44.3 152.0 
Amortization expense1.9 6.6 4.4 33.9 — 46.8 
Operating income (loss)10.6 32.1 8.4 45.8 (44.3)52.6 
Depreciation expense (1)
4.9 4.5 7.4 4.7 3.2 24.7 
Three Months Ended March 31, 2025
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingCorporateConsolidated
Sales$153.2 $267.3 $276.1 $304.9 $— $1,001.5 
Cost of sales116.0 184.7 192.4 168.6 — 661.7 
Selling, general and administrative expenses17.7 10.8 30.4 38.9 43.2 141.0 
Amortization expense1.9 4.9 5.0 34.7 — 46.5 
Operating income (loss)17.6 66.9 48.3 62.7 (43.2)152.3 
Depreciation expense (1)
4.3 4.1 5.0 3.6 2.7 19.7 
______________
(1)Depreciation disclosed by reportable segment is included within cost of sales and selling, general and administrative expenses.
Sales by Geography
Net sales by geographic area are reported by the destination of sales.
Three Months Ended March 31, 2026
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
North America$59.6 $173.6 $100.4 $81.5 $415.1 
Europe, Middle East, Africa and India53.4 36.3 49.5 122.2 261.4 
Asia-Pacific29.4 36.1 57.8 65.5 188.8 
Rest of the World3.2 0.1 6.8 9.4 19.5 
Total$145.6 $246.1 $214.5 $278.6 $884.8 
Three Months Ended March 31, 2025
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
North America$58.6 $162.5 $122.4 $113.7 $457.2 
Europe, Middle East, Africa and India57.3 39.4 64.6 119.7 281.0 
Asia-Pacific35.6 64.6 82.9 60.5 243.6 
Rest of the World1.7 0.8 6.2 11.0 19.7 
Total$153.2 $267.3 $276.1 $304.9 $1,001.5 
Total Assets
Corporate assets mainly include cash and cash equivalents and long-term deferred income taxes as well as certain corporate-specific property, plant and equipment, net and certain investments. Our allocation methodology for property, plant and equipment, net of the reportable segments differs from our allocation method of depreciation expense of a reportable segment and therefore, depreciation expense does not entirely align with the related depreciable assets of the reportable segments. Additionally, since finite-lived intangible assets are excluded from total assets of reportable segments while amortization expense is allocated to each of our reportable segments, amortization expense by segment inherently does not align with the related amortizable intangible assets of the reportable segments.
March 31,
2026		December 31,
2025
Cryo Tank Solutions$613.7 $546.7 
Heat Transfer Systems895.0 866.8 
Specialty Products971.5 1,047.7 
Repair, Service & Leasing1,051.5 1,007.2 
Total assets of reportable segments3,531.7 3,468.4 
Goodwill3,061.8 3,067.6 
Identifiable intangible assets, net2,450.9 2,511.7 
Corporate647.2 758.7 
Total$9,691.6 $9,806.4 
v3.26.1
Revenue
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Revenue Revenue
Disaggregation of Revenue
The following tables represent a disaggregation of revenue by timing of revenue along with the reportable segment for each category:
Three Months Ended March 31, 2026
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
Point in time$56.4 $6.2 $34.8 $103.9 $201.3 
Over time89.2 239.9 179.7 174.7 683.5 
Total$145.6 $246.1 $214.5 $278.6 $884.8 
Three Months Ended March 31, 2025
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
Point in time$57.4 $1.4 $42.6 $166.8 $268.2 
Over time95.8 265.9 233.5 138.1 733.3 
Total$153.2 $267.3 $276.1 $304.9 $1,001.5 
Refer to Note 2, “Reportable Segments,” for a table of revenue by reportable segment disaggregated by geography.
Contract Balances
The following table presents our contract assets and contract liabilities balances:
March 31, 2026December 31, 2025
Contract assets
Unbilled contract revenue$1,045.6 $986.4 
Contract liabilities
Customer advances and billings in excess of contract revenue$285.0 $324.4 
Revenue recognized for the three months ended March 31, 2026 and 2025, that was included in the contract liabilities balance at the beginning of the year was $143.3 and $155.1, respectively. The amount of revenue recognized during the three months ended March 31, 2026 from performance obligations satisfied or partially satisfied in previous periods as a result of changes in the estimates of variable consideration related to long-term contracts, was not significant. The increase in contract assets as of March 31, 2026 compared to December 31, 2025 was driven by an increase in revenue recognized on an over time basis.
Remaining Performance Obligations
Remaining performance obligations represent the transaction price of firm signed purchase orders or other written contractual commitments from customers for which work has not been performed, or is partially completed, and excludes unexercised contract options and potential orders. As of March 31, 2026, the estimated revenue expected to be recognized in the future related to remaining performance obligations was $6,282.9. We expect to recognize revenue on approximately 42% of the remaining performance obligations over the next 12 months and the remainder over the next few years thereafter.
v3.26.1
Inventories
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Inventories Inventories
The following table summarizes the components of inventory:
March 31,
2026		December 31,
2025
Raw materials and supplies$245.5 $237.5 
Work in process168.8 166.2 
Finished goods173.2 168.6 
Total inventories, net$587.5 $572.3 
v3.26.1
Leases
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Leases Leases
Lessee Accounting
We lease certain office spaces, warehouses, facilities, vehicles and equipment. Our leases have maturity dates ranging from April 2026 to September 2042.
We incurred $7.7 and $6.7 of rental expense under operating leases for the three months ended March 31, 2026 and 2025, respectively, and these are included in selling, general and administrative expenses within our unaudited condensed consolidated statements of operations and comprehensive (loss) income. Payments related to short-term lease costs and taxes and variable service charges on leased properties were immaterial.
The following table presents the lease balances within our unaudited condensed consolidated balance sheets, weighted average remaining lease term and weighted average discount rates related to our leases:
Lease Assets and LiabilitiesMarch 31, 2026December 31, 2025
Assets
Operating lease, netProperty, plant and equipment, net$85.4 $81.7 
Finance lease, netOther assets28.0 30.1 
Total lease assets$113.4 $111.8 
Liabilities
Current:
Operating lease liabilitiesOther current liabilities$22.1 $20.7 
Finance lease liabilitiesOther current liabilities7.4 7.5 
Non-current:
Operating lease liabilitiesOther long-term liabilities65.1 62.6 
Finance lease liabilitiesOther long-term liabilities21.4 23.5 
Total lease liabilities$116.0 $114.3 
Weighted-average remaining lease terms
Operating leases5.8 years5.9 years
Finance leases4.9 years5.0 years
Weighted-average discount rate
Operating leases6.9%6.9%
Finance leases6.2%6.1%
We recorded net non-cash right-of-use assets in exchange for operating lease liabilities of $9.5 for the three months ended March 31, 2026.
The following table summarizes future minimum lease payments for non-cancelable operating leases and for finance leases as of March 31, 2026:
FinanceOperating
2026$7.1 $20.8 
20279.4 22.7 
20285.2 19.0 
20293.2 12.6 
20302.7 8.6 
20312.8 5.4 
Thereafter3.7 5.4 
Total future minimum lease payments34.1 94.5 
Less: Present value discount5.3 7.3 
Lease liability$28.8 $87.2 
Leases Leases
Lessee Accounting
We lease certain office spaces, warehouses, facilities, vehicles and equipment. Our leases have maturity dates ranging from April 2026 to September 2042.
We incurred $7.7 and $6.7 of rental expense under operating leases for the three months ended March 31, 2026 and 2025, respectively, and these are included in selling, general and administrative expenses within our unaudited condensed consolidated statements of operations and comprehensive (loss) income. Payments related to short-term lease costs and taxes and variable service charges on leased properties were immaterial.
The following table presents the lease balances within our unaudited condensed consolidated balance sheets, weighted average remaining lease term and weighted average discount rates related to our leases:
Lease Assets and LiabilitiesMarch 31, 2026December 31, 2025
Assets
Operating lease, netProperty, plant and equipment, net$85.4 $81.7 
Finance lease, netOther assets28.0 30.1 
Total lease assets$113.4 $111.8 
Liabilities
Current:
Operating lease liabilitiesOther current liabilities$22.1 $20.7 
Finance lease liabilitiesOther current liabilities7.4 7.5 
Non-current:
Operating lease liabilitiesOther long-term liabilities65.1 62.6 
Finance lease liabilitiesOther long-term liabilities21.4 23.5 
Total lease liabilities$116.0 $114.3 
Weighted-average remaining lease terms
Operating leases5.8 years5.9 years
Finance leases4.9 years5.0 years
Weighted-average discount rate
Operating leases6.9%6.9%
Finance leases6.2%6.1%
We recorded net non-cash right-of-use assets in exchange for operating lease liabilities of $9.5 for the three months ended March 31, 2026.
The following table summarizes future minimum lease payments for non-cancelable operating leases and for finance leases as of March 31, 2026:
FinanceOperating
2026$7.1 $20.8 
20279.4 22.7 
20285.2 19.0 
20293.2 12.6 
20302.7 8.6 
20312.8 5.4 
Thereafter3.7 5.4 
Total future minimum lease payments34.1 94.5 
Less: Present value discount5.3 7.3 
Lease liability$28.8 $87.2 
Leases Leases
Lessee Accounting
We lease certain office spaces, warehouses, facilities, vehicles and equipment. Our leases have maturity dates ranging from April 2026 to September 2042.
We incurred $7.7 and $6.7 of rental expense under operating leases for the three months ended March 31, 2026 and 2025, respectively, and these are included in selling, general and administrative expenses within our unaudited condensed consolidated statements of operations and comprehensive (loss) income. Payments related to short-term lease costs and taxes and variable service charges on leased properties were immaterial.
The following table presents the lease balances within our unaudited condensed consolidated balance sheets, weighted average remaining lease term and weighted average discount rates related to our leases:
Lease Assets and LiabilitiesMarch 31, 2026December 31, 2025
Assets
Operating lease, netProperty, plant and equipment, net$85.4 $81.7 
Finance lease, netOther assets28.0 30.1 
Total lease assets$113.4 $111.8 
Liabilities
Current:
Operating lease liabilitiesOther current liabilities$22.1 $20.7 
Finance lease liabilitiesOther current liabilities7.4 7.5 
Non-current:
Operating lease liabilitiesOther long-term liabilities65.1 62.6 
Finance lease liabilitiesOther long-term liabilities21.4 23.5 
Total lease liabilities$116.0 $114.3 
Weighted-average remaining lease terms
Operating leases5.8 years5.9 years
Finance leases4.9 years5.0 years
Weighted-average discount rate
Operating leases6.9%6.9%
Finance leases6.2%6.1%
We recorded net non-cash right-of-use assets in exchange for operating lease liabilities of $9.5 for the three months ended March 31, 2026.
The following table summarizes future minimum lease payments for non-cancelable operating leases and for finance leases as of March 31, 2026:
FinanceOperating
2026$7.1 $20.8 
20279.4 22.7 
20285.2 19.0 
20293.2 12.6 
20302.7 8.6 
20312.8 5.4 
Thereafter3.7 5.4 
Total future minimum lease payments34.1 94.5 
Less: Present value discount5.3 7.3 
Lease liability$28.8 $87.2 
v3.26.1
Goodwill and Intangible Assets
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table represents the changes in goodwill by segment:
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
Balance at December 31, 2025$228.3 $482.3 $583.5 $1,773.5 $3,067.6 
Goodwill acquired during the period (1)
12.2 — 0.9 3.0 16.1 
Foreign currency translation adjustments and other1.4 0.4 (0.9)(22.8)(21.9)
Balance at March 31, 2026$241.9 $482.7 $583.5 $1,753.7 $3,061.8 
Accumulated goodwill impairment loss at December 31, 2025
$23.5 $49.3 $35.8 $20.4 $129.0 
Accumulated goodwill impairment loss at March 31, 2026
$23.5 $49.3 $35.8 $20.4 $129.0 
_____________
(1)Goodwill acquired during the period primarily relates to the acquisition of Cryotek Holding B.V. (“Cryonorm”), a leading provider of cryogenic engineered systems, equipment and associated services, which we acquired for approximately $28.0 in cash (subject to certain customary adjustments), net of $5.2 of cash acquired. The financial results of Cryonorm are included in our condensed consolidated financial statements from the date of acquisition. The Cryonorm acquisition was not material to our condensed consolidated financial statements.
Intangible Assets
The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill) (1):
 March 31, 2026December 31, 2025
 Estimated Useful LivesGross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships
4 to 18 years
$1,859.8 $(424.6)$1,868.6 $(399.7)
Technology
5 to 18 years
519.2 (166.9)523.6 (161.0)
Patents, backlog and other
2 to 10 years
144.7 (138.2)145.5 (130.2)
Trademarks and trade names
5 to 23 years
2.7 (1.3)1.8 (1.3)
Land use rights50 years10.5 (2.4)10.3 (2.3)
Total finite-lived intangible assets$2,536.9 $(733.4)$2,549.8 $(694.5)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
647.4 — 656.4 — 
Total intangible assets$3,184.3 $(733.4)$3,206.2 $(694.5)
_______________
(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.
(2)Accumulated indefinite-lived intangible assets impairment loss was $16.0 at both March 31, 2026 and December 31, 2025.
Amortization expense for intangible assets subject to amortization was $46.8 and $46.5 for the three months ended March 31, 2026 and 2025, respectively
v3.26.1
Investments
 3 Months Ended
Mar. 31, 2026
Investments, All Other Investments [Abstract]  
Investments Investments
Equity Method Investments
The following table presents the activity in equity method investments, which are classified within other assets:
Equity Method Investments
Balance at December 31, 2025$96.2 
Equity in loss of unconsolidated affiliates(0.3)
Foreign currency translation adjustments and other(2.0)
Balance at March 31, 2026$93.9 
Investments in Equity Securities
The following table presents the activity in investments in equity securities, which are classified within other assets:
Investment in Equity Securities,
Level 2
Investments in Equity Securities, All Others (1)
Investments Total
Balance at December 31, 2025$6.7 $111.2 $117.9 
New investments— 3.3 3.3 
Decrease in fair value of investments in equity securities(0.1)(5.9)(6.0)
Foreign currency translation adjustments and other— 0.3 0.3 
Balance at March 31, 2026$6.6 $108.9 $115.5 
_______________
(1)Consists of investments in equity securities without a readily determinable fair value. Such investments are measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer.
Co-Investment Agreement
We have a 25% interest in Hydrogen Technology & Energy Corporation (“HTEC”) which totaled $68.1 and $70.1 at March 31, 2026 and December 31, 2025, respectively. Our investment in HTEC is accounted for under the equity method of accounting. HTEC designs, builds, and operates hydrogen fuel supply solutions to support the deployment of hydrogen fuel cell electric vehicles.
On April 30, 2025, (the “Effective Date”), we entered into a Co-Investment Agreement (the “Co-Investment Agreement”) with certain affiliates of MSD Partners, L.P., (collectively, “BDT&MSD”), in connection with BDT&MSD’s purchase (the “Share Purchase”) of all of the shares of common stock of HTEC, owned by (and from) ISQ HTEC HoldCo Limited, (“ISQ”), pursuant to a Share Purchase Agreement by and among BDT&MSD, ISQ, Chart and HTEC (the “SPA”). ISQ no longer owns any equity interests in HTEC.
Pursuant to the Co-Investment Agreement, Chart and BDT&MSD have agreed to, among other terms, the following:
•In the following circumstances, BDT&MSD shall have the right to sell to Chart all (and not less than all) of the shares of HTEC common stock acquired by BDT&MSD from ISQ on the Effective Date and which are still held by BDT&MSD at such time (the “Put Option”):
i.the third anniversary of the Effective Date,
ii.the date Chart undergoes a change of control (subject to certain exceptions),
iii.the date upon which Chart, during the period from the Effective Date through the third anniversary of the Effective Date, has made certain distributions to its shareholders (including cash or other dividends, or via a spin-off transaction), in excess of $900.0,
iv.the date upon which our leverage ratio exceeds certain thresholds; and
v.the date of a bankruptcy or credit default event.
•In the event that BDT&MSD exercises its Put Option, we shall pay to BDT&MSD an amount in cash equal to $323.0 or $51.20 per share (“Base Price”) in exchange for each relevant share of HTEC (the “BDT&MSD Put Option Consideration”); provided, however, that, upon the occurrence of the first triggering event that occurs on or after the third anniversary of the Effective Date (or if the first triggering event occurs prior thereto, but the closing of the Put Option has not been consummated prior to the third anniversary), the Base Price shall increase at the annualized rate of 11.25% until the closing of the Put Option.
•Conversely, at any time after the third anniversary of the Effective Date, Chart shall have the right to purchase from BDT&MSD up to an aggregate of 85% of the shares of HTEC common stock acquired by BDT&MSD from ISQ on the Effective Date and which are still held by BDT&MSD at such time (the “Call Option”). In the event that Chart exercises the Call Option, Chart shall pay to BDT&MSD an amount in cash in exchange for such common stock such that BDT&MSD shall realize the greater of (i) an internal rate of return of 12.75% and (ii) a multiple on BDT&MSD’s invested capital of 1.80x, in each case with respect to each share of HTEC common stock which is subject to the Call Option.
•The Co-Investment Agreement shall terminate automatically upon the consummation of an initial public offering by HTEC of its common stock.
Accounting Treatment of Put and Call Options
We record the Put and Call Options (together “the Options”) at fair value and record any change in fair value through earnings at each reporting period. The fair value of the put option and call option under the Co-Investment Agreement, dated as of April 30, 2025 was not material on March 31, 2026.
Hy24 (f/k/a FiveT Hydrogen Fund and Clean H2 Infra Fund)
We hold an equity interest in Hy24 (the “Hydrogen Fund”), a joint venture between Ardian, a European investment house, and FiveT Hydrogen, an investment manager specialized purely on clean hydrogen investments. Our total investment to date is euro 19.8 million (equivalent to $22.7), making our unfunded commitment euro 30.2 million (equivalent to $34.8).
v3.26.1
Debt and Credit Arrangements
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Debt and Credit Arrangements Debt and Credit Arrangements
Summary of Outstanding Borrowings
The following table represents the components of our borrowings:
 March 31,
2026		December 31,
2025
Senior secured and senior unsecured notes:
Principal amount, senior secured notes due 2030$1,457.0 $1,457.0 
Principal amount, senior unsecured notes due 2031510.0 510.0 
Unamortized discount(18.9)(19.8)
Unamortized debt issuance costs(22.9)(24.2)
Senior secured and senior unsecured notes, net of unamortized discount and debt issuance costs1,925.2 1,923.0 
Senior secured revolving credit facilities and term loans:
Term loans due March 20301,406.0 1,406.0 
Senior secured revolving credit facility due April 2029
498.9 281.7 
Unamortized discount(21.7)(22.8)
Unamortized debt issuance costs(22.4)(23.6)
Senior secured revolving credit facility and term loan, net of unamortized discount and debt issuance costs1,860.8 1,641.3 
Other debt facilities
0.8 1.3 
Total debt, net of unamortized debt issuance costs3,786.8 3,565.6 
Less: Current maturities0.1 0.6 
Long-term debt$3,786.7 $3,565.0 
Cash paid for interest during the three months ended March 31, 2026 and 2025 was $110.5 and $115.4, respectively.
Senior Secured and Unsecured Notes
We have outstanding (i) $1,457.0 aggregate principal amount of 7.500% Secured Notes at an issue price of 98.661% and (ii) $510.0 aggregate principal amount of 9.500% Unsecured Notes (together with the Secured Notes, the “Notes”), at an issue price of 97.949%. The Secured Notes mature on January 1, 2030, and the Unsecured Notes mature on January 1, 2031. The effective interest rate on the Secured Notes and Unsecured Notes is 7.8% and 9.9%, respectively, after accounting for original issue discounts and debt issuance costs.
Senior Secured Revolving Credit Facility and Term Loans
Senior Secured Revolving Credit Facility
Our fifth amended and restated credit agreement dated as of July 2, 2024, as amended (the “Credit Agreement”) provides for a senior secured revolving credit facility (the “SSRCF”), which matures on April 6, 2029. The SSRCF has a borrowing capacity of $1,250.0 and includes sub-limits for letters of credit and swingline loans. At March 31, 2026, there were $498.9 in borrowings outstanding under the SSRCF bearing an interest rate of 5.6% (5.8% as of December 31, 2025) and $226.9 in letters of credit and bank guarantees outstanding supported by the SSRCF. As of March 31, 2026, we had unused borrowing capacity of $524.2.
A portion of borrowings outstanding under the SSRCF are denominated in euros (“EUR Revolver Borrowings”). EUR Revolver Borrowings outstanding were euro 106.0 million (equivalent to $121.9) at March 31, 2026 and euro 78.0 million (equivalent to $91.7) at December 31, 2025.
Significant financial covenants for the SSRCF include financial maintenance covenants that (i) require the ratio of the amount of Chart and its subsidiaries’ consolidated total net indebtedness to consolidated EBITDA to be less than the Maximum
Total Net Leverage Ratio Levels and (ii) require the ratio of the amount of Chart and its subsidiaries’ consolidated EBITDA to consolidated cash interest expense to be greater than the Minimum Interest Coverage Ratio Levels. The SSRCF includes a number of other customary covenants. At March 31, 2026, we were in compliance with all covenants.
Term Loans
We have term loans in the aggregate principal amount of $1,406.0 under the Credit Agreement, which mature on March 18, 2030 (“term loans due March 2030”). As of March 31, 2026, the term loans due March 2030 bore an interest rate of 6.2% (6.5% as of December 31, 2025). The effective interest rate on the term loans due March 2030 is 9.1% after accounting for original issue discount and debt issuance costs.
Significant financial covenants and customary events of default for the term loans due March 2030 are substantially identical to those in the SSRCF.
Other Debt Facilities
We have local credit facilities to meet local working capital demands, fund letters of credit and bank guarantees, and support other short-term cash requirements. The facilities generally have variable interest rates and are denominated in local currency but may, in some cases, facilitate borrowings in multiple currencies. As of March 31, 2026, we had additional capacity of U.S. dollar equivalent $210.8.
Certain of our other debt facilities allow us to request bank guarantees and letters of credit. None of these facilities allow revolving credit borrowings. We have letters of credit and bank guarantees outside of our Credit Agreement that totaled U.S. dollar equivalent $211.3 and $218.6 as of March 31, 2026 and December 31, 2025, respectively.
Fair Value Disclosures
The following table summarizes the carrying values and fair values of our actively quoted debt instruments (1):
March 31, 2026December 31, 2025
Carrying ValueFair ValueCarrying ValueFair Value
Term loans due March 2030$1,362.0 $1,406.9 $1,359.7 $1,414.8 
Senior secured notes due 20301,430.1 1,513.9 1,428.6 1,520.9 
Senior unsecured notes due 2031495.0 536.1 494.4 539.9 
_______________
(1)The debt instruments noted above are actively quoted instruments and, accordingly, their fair values were determined using Level 1 inputs.
The carrying amounts of borrowings outstanding on our senior secured revolving credit facility approximate fair value, as interest rates are variable and reflective of market rates (categorized as Level 2 of the fair value hierarchy).
v3.26.1
Shareholders' Equity
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Shareholders' Equity Shareholders’ Equity
Series B Mandatory Convertible Preferred Stock
We previously had 8.050 million depositary shares outstanding, each representing a 1/20th interest in a share of Chart’s 6.75% Series B Mandatory Convertible Preferred Stock, liquidation preference $1,000 per share, par value $0.01 per share (the “Mandatory Convertible Preferred Stock”). Dividends on the Mandatory Convertible Preferred Stock were payable on a cumulative basis when, as and if declared at an annual rate of 6.75% on the liquidation value of $1,000 per share. We declared and paid $6.8 in dividends for the three months ended March 31, 2025, which are treated as a reduction to income attributable to common shareholders in the computation of earnings per share.
In December 2025, all outstanding shares of the Mandatory Convertible Preferred Stock converted into 7.0520 shares of common stock per share of Mandatory Convertible Preferred Stock (and, correspondingly, the conversion rate per depositary share was 0.3526 shares of common stock per depositary share). This resulted in the issuance of 2.84 shares of common stock. The conversion rate was determined based on a preceding 20-day volume-weighted-average-price of common stock. Fractional shares were settled in cash, which was immaterial
v3.26.1
Derivative Financial Instruments
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivative Financial Instruments Derivative Financial Instruments
Derivatives and Hedging
We utilize a combination of cross-currency swaps, with and without foreign exchange collars, (together the “Foreign Exchange Contracts”) as a net investment hedge of a portion of our investments in certain international subsidiaries that use the euro as their functional currency in order to reduce the volatility caused by changes in exchange rates. We are also a party to foreign currency contracts not designated as hedging instruments (the “Foreign Currency Contracts”) which are used to mitigate the risk associated with cash management activities and customer forward sale agreements denominated in currencies other than the applicable local currency, and to match costs and expected revenues where production facilities have a different currency than the selling currency.
Our Foreign Currency Contracts are measured at fair value with changes in fair value recorded within other expense, net. We classify cash flows related to our Foreign Currency Contracts as operating activities within our unaudited condensed consolidated statements of cash flows. Our derivative contracts are entered into with major financial institutions in order to reduce credit risk and risk of nonperformance by third parties. We believe the credit risks with respect to the counterparties, and the foreign currency risks that would not be hedged if the counterparties fail to fulfill their obligations under the contract, are not material in view of our understanding of the financial strength of the counterparties. Our derivative contracts are not exchange-traded instruments and their fair value is determined using the cash flows of the contracts, discount rates to account for the passage of time, implied volatility, current foreign exchange market data and credit risk, which are all based on inputs readily available in public markets and categorized as Level 2 fair value hierarchy measurements.
The following table represents the fair value of our asset and liability derivatives:
March 31, 2026
Notional
Amount		Fair Value
Other Current Assets		Fair Value
Other Assets		Fair Value Other
Current Liabilities		Fair Value Other
Long-Term Liabilities
Derivatives designated as net investment hedge
Foreign Exchange Contracts (1)
$635.8 $— $1.9 $— $13.7 
Derivatives not designated as hedges
Foreign Currency Contracts$351.2 $2.1 $— $2.1 $0.1 
December 31, 2025
Notional
Amount		Fair Value
Other Current Assets		Fair Value
Other Assets		Fair Value Other
Current Liabilities		Fair Value Other
Long-Term Liabilities
Derivatives designated as net investment hedge
Foreign Exchange Contracts (1)
$646.3 $— $0.3 $— $17.5 
Derivatives not designated as hedges
Foreign Currency Contracts$382.2 $3.9 $0.7 $1.9 $— 
_________
(1)Represents foreign exchange swaps and foreign exchange options.
The effect of derivative instruments, both designated and not designated in hedging relationships, on the unaudited condensed consolidated statements of operations and comprehensive (loss) income was not material for the periods ended March 31, 2026 and December 31, 2025.
v3.26.1
Accumulated Other Comprehensive Income
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income
The components of accumulated other comprehensive income are as follows:
Foreign currency translation adjustments (1)
Pension liability adjustments, net of taxesAccumulated other comprehensive income
Balance at December 31, 2025$209.7 $10.3 $220.0 
Other comprehensive loss before reclassifications, net of taxes(56.9)— (56.9)
Amounts reclassified from accumulated other comprehensive income, net of taxes— (0.2)(0.2)
Net current-period other comprehensive loss, net of taxes(56.9)(0.2)(57.1)
Balance at March 31, 2026$152.8 $10.1 $162.9 
Foreign currency translation adjustments (1)
Pension liability adjustments, net of taxesAccumulated other comprehensive loss
Balance at December 31, 2024$(153.6)$(1.5)$(155.1)
Other comprehensive income before reclassifications, net of taxes122.5 — 122.5 
Amounts reclassified from accumulated other comprehensive loss, net of taxes— 0.3 0.3 
Net current-period other comprehensive income, net of taxes122.5 0.3 122.8 
Balance at March 31, 2025$(31.1)$(1.2)$(32.3)
_______________
(1)Foreign currency translation adjustments include translation adjustments and net investment hedges, net of taxes. See Note 10, “Derivative Financial Instruments,” for further information related to the net investment hedges.
v3.26.1
Earnings Per Share
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table represents calculations of net earnings per share of common stock:
Three Months Ended March 31,
 20262025
Amounts attributable to Chart common shareholders
(Loss) income from continuing operations$(17.1)$51.5 
Less: Mandatory convertible preferred stock dividend requirement— 6.8 
(Loss) income from continuing operations attributable to Chart(17.1)44.7 
Loss from discontinued operations, net of tax— (2.0)
Net (loss) income attributable to Chart common shareholders(17.1)42.7 
Earnings per common share – basic:
(Loss) income from continuing operations$(0.36)$0.99 
Loss from discontinued operations— (0.04)
Net (loss) income attributable to Chart Industries, Inc.$(0.36)$0.95 
Earnings per common share – diluted:
(Loss) income from continuing operations$(0.36)$0.99 
Loss from discontinued operations— (0.05)
Net (loss) income attributable to Chart Industries, Inc.$(0.36)$0.94 
Weighted average number of common shares outstanding – basic47.85 44.93 
Incremental shares issuable upon assumed conversion and exercise of share-based awards (1)
— 0.27 
Weighted average number of common shares outstanding – diluted47.85 45.20 
_______________
(1)Zero incremental shares from share-based awards are included in the computation of diluted net loss per share for periods in which a net loss from continuing operations attributable to Chart occurs because to do so would be anti-dilutive.
Diluted earnings per share does not reflect the following cumulative preferred stock dividends and potential common shares as the effect would be anti-dilutive:
 Three Months Ended March 31,
 20262025
Numerator
Mandatory convertible preferred stock dividend requirement (1)
$— $6.8 
Denominator
Anti-dilutive shares, Share-based awards0.51 0.07 
Anti-dilutive shares, Mandatory convertible preferred stock (1)
— 2.84 
Total anti-dilutive securities0.51 2.91 
 _______________
(1)We calculate the basic and diluted earnings per share based on net income, which approximates income available to common shareholders for each period. Earnings per share is calculated using the two-class method, which is an earnings allocation formula that determines the earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. Shares of Series B Mandatory Convertible Preferred Stock were participating securities. Undistributed earnings are not allocated to the participating securities because the participation features are discretionary. Net losses were not allocated to the Series B Mandatory Convertible Preferred Stock, as it did not have a contractual obligation to share in the losses of Chart. Basic net income per share is computed by dividing net income available to common shareholders by the weighted average number
of common shares outstanding for the period. Diluted net income per common share is computed by dividing net income available to common shareholders by the sum of the weighted average number of common shares outstanding and any dilutive non-participating securities for the period.
v3.26.1
Income Taxes
 3 Months Ended
Mar. 31, 2026
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Income tax (benefit) expense relating to continuing operations of $(12.5) and $17.6 for the three months ended March 31, 2026 and 2025, respectively, represents taxes on both U.S. and foreign earnings at a consolidated effective income tax rate of 46.8% and 24.5%, respectively.
The effective income tax rate of 46.8% for the three months ended March 31, 2026 differed from the U.S. federal statutory rate of 21% primarily due to a favorable income tax audit settlement and withholding taxes on foreign earnings that are not indefinitely reinvested.
The effective income tax rates of 24.5% for the three months ended March 31, 2025 differed from the U.S. federal statutory rate of 21% primarily due to income earned by certain of our foreign entities being taxed at higher rates than the U.S. federal statutory rate, withholding taxes on foreign earnings not permanently reinvested offset by the release of valuation allowances, the U.S. impact of foreign operations and research and development credits.
Cash paid for taxes during the three months ended March 31, 2026 and 2025 were $24.4 and $0.3, respectively.
v3.26.1
Share-based Compensation
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Share-based Compensation Share-based Compensation
During the three months ended March 31, 2026, we granted 0.08 restricted stock units. The total fair value of awards granted to employees during the three months ended March 31, 2026 was $17.0. In addition, our non-employee directors received stock awards with a total fair value of $0.3.
Stock options generally have a 4-year graded vesting period. Restricted stock and restricted stock units generally vest ratably over a three-year period. Performance units generally vest at the end of a three-year performance period based on the attainment of certain pre-determined performance condition targets. During the three months ended March 31, 2026, 0.05 restricted stock and restricted stock units vested, and 0.03 performance units vested.
Share-based compensation expense was $5.4 and $6.2 for the three months ended March 31, 2026 and 2025, respectively. Share-based compensation expense is included in selling, general and administrative expenses in the unaudited condensed consolidated statements of operations and comprehensive (loss) income. As of March 31, 2026, total share-based compensation of $25.1 is expected to be recognized over the weighted-average period of approximately 2.1 years.
v3.26.1
Commitments and Contingencies
 3 Months Ended
Mar. 31, 2026
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Environmental
We are subject to federal, state, local, and foreign environmental laws and regulations concerning, among other matters, wastewater effluents, air emissions, and handling and disposal of hazardous materials, such as cleaning fluids. We are involved with environmental compliance, investigation, monitoring, and remediation activities at certain of our owned and formerly owned manufacturing facilities, and, except for these continuing remediation efforts, believe we are currently in substantial compliance with all known environmental regulations. Undiscounted accrued reserves at both March 31, 2026 and December 31, 2025 were not material.
Legal Proceedings
Ordinary Course Litigation: We are occasionally subject to various legal claims related to performance under contracts, product liability, taxes, employment matters, environmental matters, intellectual property, and other matters incidental to the normal course of our business. Based on our historical experience in litigating these claims, as well as our current assessment of the underlying merits of the claims and applicable insurance, if any, management believes that the final resolution of these matters will not have a material adverse effect on our financial position, liquidity, cash flows, or results of operations. Due to the inherent uncertainties related to the eventual outcome of litigation and potential insurance recoveries, it is possible that certain matters may be resolved for amounts materially different from any provisions or disclosures that we have previously made.
Supplemental Disclosure: Following the announcement of the Merger Agreement, two lawsuits — captioned McDaniels v. Chart Industries, Inc. et al., 655434/2025 and Johnson v. Chart Industries, Inc. et al., 655438/2025 — were filed on
September 11, 2025 in the Supreme Court of the State of New York by purported Chart stockholders, each naming Chart and the members of its board of directors as defendants (the “Complaints”). The Complaints claim that the Definitive Proxy Statement is materially incomplete and misleading under New York law, and seek injunctive relief, damages and costs, among other remedies. Chart has also received demand letters from multiple stockholders threatening litigation and/or making other demands relating to the Merger, including demands for additional disclosures. Although Chart cannot predict the outcome or estimate the possible loss or range of loss from these matters, Chart and its directors believe that the allegations contained in the Complaints and demand letters are without merit, that no supplemental disclosures are required or necessary under applicable law, and that the requested disclosures are immaterial.
However, in order to reduce the risk of the demand letters or Complaints delaying the Special Meeting or the closing of the Merger, and to minimize the nuisance and expense of defending against any litigation, and without admitting any liability or wrongdoing, on September 25, 2025, Chart filed a Form 8-K to update and supplement the Definitive Proxy Statement with additional disclosures relating the Merger (the “Supplemental Disclosures”). Thereafter, the attorney representing the stockholders who filed the Complaints acknowledged that the Supplemental Disclosures mooted the claims raised in the Complaints in their entirety and confirmed that they will seek a mootness fee in connection with the Supplemental Disclosures. The Complaints will remain pending while the forthcoming mootness fee demand is resolved. Chart maintains that none of the Supplemental Disclosures are material. Nevertheless, resolution of these matters may involve payments by Chart to the stockholders’ attorneys that filed the Complaints and/or submitted the demand letters.
v3.26.1
Accounts Receivable Factoring
 3 Months Ended
Mar. 31, 2026
Receivables [Abstract]  
Accounts Receivable Factoring Accounts Receivable Factoring
On June 27, 2025 we entered into an agreement to sell certain of our trade accounts receivable, with limited recourse, to a third-party financial institution pursuant to factoring arrangements. We account for these transactions as sales of receivables and present cash proceeds as cash provided by operating activities in the consolidated statements of cash flows. For the three months ended March 31, 2026 total trade accounts receivable sold under the factoring arrangements were $42.2. Factoring fees for the sales of receivables were recorded in selling, general and administrative expenses in our consolidated statement of income for the year ended March 31, 2026, which were not material. We continue to service the transferred receivables after factoring has occurred, however this servicing does not constitute a significant continuing involvement.
v3.26.1
Insider Trading Arrangements
 3 Months Ended
Mar. 31, 2026
Trading Arrangements, by Individual  
Rule 10b5-1 Arrangement Adopted false
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
v3.26.1
Basis of Preparation (Policies)
 3 Months Ended
Mar. 31, 2026
Accounting Policies [Abstract]  
Principles of Consolidation
Principles of Consolidation: The unaudited condensed consolidated financial statements have been prepared in accordance with GAAP and include the accounts of Chart Industries, Inc. and its subsidiaries. Intercompany accounts and transactions are eliminated in consolidation.
Use of Estimates
Use of Estimates: The preparation of unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements. These estimates may also affect the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates and assumptions based on a number of factors including the current macroeconomic conditions such as inflation, supply chain disruptions, and the impact of regional conflicts, including the conflict in Iran, as well as risks set forth in our Annual Report on Form 10-K.
Recently Adopted Accounting Standards & Recently Issued Accounting Standards (Not Yet Adopted)
Recently Adopted Accounting Standards: In July 2025, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2025-05, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets”, which provides a practical expedient permitting an entity to assume that conditions at the balance sheet date remain unchanged over the life of the asset when estimating expected credit losses for current accounts receivable and current contract assets. The amendments in this update are effective for fiscal years beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. We adopted this ASU effective January 1, 2026 on a prospective basis. The adoption did not have a material impact on our condensed consolidated financial statements.
Recently Issued Accounting Standards (Not Yet Adopted): In December 2025, the FASB issued ASU No. 2025-10, “Accounting for Government Grants”, which adds guidance to ASC 832 on the recognition, measurement, and presentation of government grants. The amendments in this update are effective for fiscal years beginning after December 15, 2028, and interim reporting periods within those annual reporting periods. The updates required by this standard are to be applied either by a modified prospective approach, modified retrospective approach, or a full retrospective approach. We are currently assessing the effect this ASU will have on our financial position, results of operations, and disclosures.
In September 2025, the FASB issued ASU No. 2025-07, “Derivatives and Hedging (Topic 815) and Revenue from Contracts with Customers (Topic 606)”, which refines the scope of the guidance on derivatives in ASC 815 and clarifies the guidance on share-based payments from a customer in ASC 606. The amendments in this update are effective for fiscal years beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. The updates required by this standard are to be applied prospectively with the option for retrospective application. We do not expect this ASU to have a material impact on our financial position, results of operations, and disclosures.
In September 2025, the FASB issued ASU No. 2025-06, “Intangibles - Goodwill and Other - Internal-Use Software (Subtopic 350-40)”, which provides guidance to clarify and modernize the accounting for costs related to internal-use software. The guidance removes references to project stages throughout ASC 350-40 and clarifies the threshold entities apply to begin capitalizing costs. Additionally, the guidance specifies that the property, plant and equipment disclosure requirements under ASC 360-10 apply to capitalized software costs accounted for under ASC 350-40, regardless of how those costs are presented in the financial statements. The amendments in this update are effective for fiscal years beginning after December 15, 2027, and interim reporting periods within those annual reporting periods. The updates required by this standard are to be applied prospectively with the option for retrospective application. We are currently assessing the effect this ASU will have on our financial position, results of operations, and disclosures.
In November 2024, the FASB issued ASU 2024-03, “Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses”, which is intended to improve expense disclosures, primarily by requiring disclosure of disaggregated information about certain income statement expense line items on an annual and interim basis. The amendments in this update are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The updates required by this standard are to be applied prospectively with the option for retrospective application. We are currently assessing the effect this ASU will have on our disclosures.
v3.26.1
Reportable Segments (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Schedule of Reportable and Product Sales Information Segments
Segment Financial Information
 Three Months Ended March 31, 2026
 Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingCorporateConsolidated
Sales$145.6 $246.1 $214.5 $278.6 $— $884.8 
Cost of sales111.6 194.6 168.8 158.4 — 633.4 
Selling, general and administrative expenses21.5 12.8 32.9 40.5 44.3 152.0 
Amortization expense1.9 6.6 4.4 33.9 — 46.8 
Operating income (loss)10.6 32.1 8.4 45.8 (44.3)52.6 
Depreciation expense (1)
4.9 4.5 7.4 4.7 3.2 24.7 
Three Months Ended March 31, 2025
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingCorporateConsolidated
Sales$153.2 $267.3 $276.1 $304.9 $— $1,001.5 
Cost of sales116.0 184.7 192.4 168.6 — 661.7 
Selling, general and administrative expenses17.7 10.8 30.4 38.9 43.2 141.0 
Amortization expense1.9 4.9 5.0 34.7 — 46.5 
Operating income (loss)17.6 66.9 48.3 62.7 (43.2)152.3 
Depreciation expense (1)
4.3 4.1 5.0 3.6 2.7 19.7 
______________
(1)Depreciation disclosed by reportable segment is included within cost of sales and selling, general and administrative expenses.
Sales by Geography
Net sales by geographic area are reported by the destination of sales.
Three Months Ended March 31, 2026
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
North America$59.6 $173.6 $100.4 $81.5 $415.1 
Europe, Middle East, Africa and India53.4 36.3 49.5 122.2 261.4 
Asia-Pacific29.4 36.1 57.8 65.5 188.8 
Rest of the World3.2 0.1 6.8 9.4 19.5 
Total$145.6 $246.1 $214.5 $278.6 $884.8 
Three Months Ended March 31, 2025
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
North America$58.6 $162.5 $122.4 $113.7 $457.2 
Europe, Middle East, Africa and India57.3 39.4 64.6 119.7 281.0 
Asia-Pacific35.6 64.6 82.9 60.5 243.6 
Rest of the World1.7 0.8 6.2 11.0 19.7 
Total$153.2 $267.3 $276.1 $304.9 $1,001.5 
Schedule of Segment Assets
March 31,
2026		December 31,
2025
Cryo Tank Solutions$613.7 $546.7 
Heat Transfer Systems895.0 866.8 
Specialty Products971.5 1,047.7 
Repair, Service & Leasing1,051.5 1,007.2 
Total assets of reportable segments3,531.7 3,468.4 
Goodwill3,061.8 3,067.6 
Identifiable intangible assets, net2,450.9 2,511.7 
Corporate647.2 758.7 
Total$9,691.6 $9,806.4 
v3.26.1
Revenue (Tables)
 3 Months Ended
Mar. 31, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue by Timing
The following tables represent a disaggregation of revenue by timing of revenue along with the reportable segment for each category:
Three Months Ended March 31, 2026
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
Point in time$56.4 $6.2 $34.8 $103.9 $201.3 
Over time89.2 239.9 179.7 174.7 683.5 
Total$145.6 $246.1 $214.5 $278.6 $884.8 
Three Months Ended March 31, 2025
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
Point in time$57.4 $1.4 $42.6 $166.8 $268.2 
Over time95.8 265.9 233.5 138.1 733.3 
Total$153.2 $267.3 $276.1 $304.9 $1,001.5 
Schedule of Changes in Contract Assets and Contract Liabilities Balances
The following table presents our contract assets and contract liabilities balances:
March 31, 2026December 31, 2025
Contract assets
Unbilled contract revenue$1,045.6 $986.4 
Contract liabilities
Customer advances and billings in excess of contract revenue$285.0 $324.4 
v3.26.1
Inventories (Tables)
 3 Months Ended
Mar. 31, 2026
Inventory Disclosure [Abstract]  
Schedule of Components of Inventory
The following table summarizes the components of inventory:
March 31,
2026		December 31,
2025
Raw materials and supplies$245.5 $237.5 
Work in process168.8 166.2 
Finished goods173.2 168.6 
Total inventories, net$587.5 $572.3 
v3.26.1
Leases (Tables)
 3 Months Ended
Mar. 31, 2026
Leases [Abstract]  
Schedule of Lease, Cost
The following table presents the lease balances within our unaudited condensed consolidated balance sheets, weighted average remaining lease term and weighted average discount rates related to our leases:
Lease Assets and LiabilitiesMarch 31, 2026December 31, 2025
Assets
Operating lease, netProperty, plant and equipment, net$85.4 $81.7 
Finance lease, netOther assets28.0 30.1 
Total lease assets$113.4 $111.8 
Liabilities
Current:
Operating lease liabilitiesOther current liabilities$22.1 $20.7 
Finance lease liabilitiesOther current liabilities7.4 7.5 
Non-current:
Operating lease liabilitiesOther long-term liabilities65.1 62.6 
Finance lease liabilitiesOther long-term liabilities21.4 23.5 
Total lease liabilities$116.0 $114.3 
Weighted-average remaining lease terms
Operating leases5.8 years5.9 years
Finance leases4.9 years5.0 years
Weighted-average discount rate
Operating leases6.9%6.9%
Finance leases6.2%6.1%
Schedule of Operating Lease Future Minimum Payments
The following table summarizes future minimum lease payments for non-cancelable operating leases and for finance leases as of March 31, 2026:
FinanceOperating
2026$7.1 $20.8 
20279.4 22.7 
20285.2 19.0 
20293.2 12.6 
20302.7 8.6 
20312.8 5.4 
Thereafter3.7 5.4 
Total future minimum lease payments34.1 94.5 
Less: Present value discount5.3 7.3 
Lease liability$28.8 $87.2 
Schedule of Finance Lease Future Minimum Payments
The following table summarizes future minimum lease payments for non-cancelable operating leases and for finance leases as of March 31, 2026:
FinanceOperating
2026$7.1 $20.8 
20279.4 22.7 
20285.2 19.0 
20293.2 12.6 
20302.7 8.6 
20312.8 5.4 
Thereafter3.7 5.4 
Total future minimum lease payments34.1 94.5 
Less: Present value discount5.3 7.3 
Lease liability$28.8 $87.2 
v3.26.1
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Segment
The following table represents the changes in goodwill by segment:
Cryo Tank SolutionsHeat Transfer SystemsSpecialty ProductsRepair, Service & LeasingConsolidated
Balance at December 31, 2025$228.3 $482.3 $583.5 $1,773.5 $3,067.6 
Goodwill acquired during the period (1)
12.2 — 0.9 3.0 16.1 
Foreign currency translation adjustments and other1.4 0.4 (0.9)(22.8)(21.9)
Balance at March 31, 2026$241.9 $482.7 $583.5 $1,753.7 $3,061.8 
Accumulated goodwill impairment loss at December 31, 2025
$23.5 $49.3 $35.8 $20.4 $129.0 
Accumulated goodwill impairment loss at March 31, 2026
$23.5 $49.3 $35.8 $20.4 $129.0 
_____________
(1)Goodwill acquired during the period primarily relates to the acquisition of Cryotek Holding B.V. (“Cryonorm”), a leading provider of cryogenic engineered systems, equipment and associated services, which we acquired for approximately $28.0 in cash (subject to certain customary adjustments), net of $5.2 of cash acquired. The financial results of Cryonorm are included in our condensed consolidated financial statements from the date of acquisition. The Cryonorm acquisition was not material to our condensed consolidated financial statements.
Schedule of Finite-Lived Intangible Assets
The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill) (1):
 March 31, 2026December 31, 2025
 Estimated Useful LivesGross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships
4 to 18 years
$1,859.8 $(424.6)$1,868.6 $(399.7)
Technology
5 to 18 years
519.2 (166.9)523.6 (161.0)
Patents, backlog and other
2 to 10 years
144.7 (138.2)145.5 (130.2)
Trademarks and trade names
5 to 23 years
2.7 (1.3)1.8 (1.3)
Land use rights50 years10.5 (2.4)10.3 (2.3)
Total finite-lived intangible assets$2,536.9 $(733.4)$2,549.8 $(694.5)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
647.4 — 656.4 — 
Total intangible assets$3,184.3 $(733.4)$3,206.2 $(694.5)
_______________
(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.
(2)Accumulated indefinite-lived intangible assets impairment loss was $16.0 at both March 31, 2026 and December 31, 2025.
Schedule of Indefinite-Lived Intangible Assets
The following table displays the gross carrying amount and accumulated amortization for finite-lived intangible assets and indefinite-lived intangible assets (exclusive of goodwill) (1):
 March 31, 2026December 31, 2025
 Estimated Useful LivesGross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Finite-lived intangible assets:
Customer relationships
4 to 18 years
$1,859.8 $(424.6)$1,868.6 $(399.7)
Technology
5 to 18 years
519.2 (166.9)523.6 (161.0)
Patents, backlog and other
2 to 10 years
144.7 (138.2)145.5 (130.2)
Trademarks and trade names
5 to 23 years
2.7 (1.3)1.8 (1.3)
Land use rights50 years10.5 (2.4)10.3 (2.3)
Total finite-lived intangible assets$2,536.9 $(733.4)$2,549.8 $(694.5)
Indefinite-lived intangible assets:
Trademarks and trade names (2)
647.4 — 656.4 — 
Total intangible assets$3,184.3 $(733.4)$3,206.2 $(694.5)
_______________
(1)Amounts include the impact of foreign currency translation. Fully amortized or impaired amounts are written off.
(2)Accumulated indefinite-lived intangible assets impairment loss was $16.0 at both March 31, 2026 and December 31, 2025.
v3.26.1
Investments (Tables)
 3 Months Ended
Mar. 31, 2026
Investments, All Other Investments [Abstract]  
Schedule of Equity Method Investments
The following table presents the activity in equity method investments, which are classified within other assets:
Equity Method Investments
Balance at December 31, 2025$96.2 
Equity in loss of unconsolidated affiliates(0.3)
Foreign currency translation adjustments and other(2.0)
Balance at March 31, 2026$93.9 
Schedule of Investments
The following table presents the activity in investments in equity securities, which are classified within other assets:
Investment in Equity Securities,
Level 2
Investments in Equity Securities, All Others (1)
Investments Total
Balance at December 31, 2025$6.7 $111.2 $117.9 
New investments— 3.3 3.3 
Decrease in fair value of investments in equity securities(0.1)(5.9)(6.0)
Foreign currency translation adjustments and other— 0.3 0.3 
Balance at March 31, 2026$6.6 $108.9 $115.5 
_______________
(1)Consists of investments in equity securities without a readily determinable fair value. Such investments are measured at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for an identical or a similar investment of the same issuer.
v3.26.1
Debt and Credit Arrangements (Tables)
 3 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Schedule of Outstanding Borrowings
The following table represents the components of our borrowings:
 March 31,
2026		December 31,
2025
Senior secured and senior unsecured notes:
Principal amount, senior secured notes due 2030$1,457.0 $1,457.0 
Principal amount, senior unsecured notes due 2031510.0 510.0 
Unamortized discount(18.9)(19.8)
Unamortized debt issuance costs(22.9)(24.2)
Senior secured and senior unsecured notes, net of unamortized discount and debt issuance costs1,925.2 1,923.0 
Senior secured revolving credit facilities and term loans:
Term loans due March 20301,406.0 1,406.0 
Senior secured revolving credit facility due April 2029
498.9 281.7 
Unamortized discount(21.7)(22.8)
Unamortized debt issuance costs(22.4)(23.6)
Senior secured revolving credit facility and term loan, net of unamortized discount and debt issuance costs1,860.8 1,641.3 
Other debt facilities
0.8 1.3 
Total debt, net of unamortized debt issuance costs3,786.8 3,565.6 
Less: Current maturities0.1 0.6 
Long-term debt$3,786.7 $3,565.0 
The following table summarizes the carrying values and fair values of our actively quoted debt instruments (1):
March 31, 2026December 31, 2025
Carrying ValueFair ValueCarrying ValueFair Value
Term loans due March 2030$1,362.0 $1,406.9 $1,359.7 $1,414.8 
Senior secured notes due 20301,430.1 1,513.9 1,428.6 1,520.9 
Senior unsecured notes due 2031495.0 536.1 494.4 539.9 
_______________
(1)The debt instruments noted above are actively quoted instruments and, accordingly, their fair values were determined using Level 1 inputs.
v3.26.1
Derivative Financial Instruments (Tables)
 3 Months Ended
Mar. 31, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Asset and Liabilities Derivatives
The following table represents the fair value of our asset and liability derivatives:
March 31, 2026
Notional
Amount		Fair Value
Other Current Assets		Fair Value
Other Assets		Fair Value Other
Current Liabilities		Fair Value Other
Long-Term Liabilities
Derivatives designated as net investment hedge
Foreign Exchange Contracts (1)
$635.8 $— $1.9 $— $13.7 
Derivatives not designated as hedges
Foreign Currency Contracts$351.2 $2.1 $— $2.1 $0.1 
December 31, 2025
Notional
Amount		Fair Value
Other Current Assets		Fair Value
Other Assets		Fair Value Other
Current Liabilities		Fair Value Other
Long-Term Liabilities
Derivatives designated as net investment hedge
Foreign Exchange Contracts (1)
$646.3 $— $0.3 $— $17.5 
Derivatives not designated as hedges
Foreign Currency Contracts$382.2 $3.9 $0.7 $1.9 $— 
_________
(1)Represents foreign exchange swaps and foreign exchange options.
v3.26.1
Accumulated Other Comprehensive Income (Tables)
 3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Changes in Accumulated Other Comprehensive (Loss) Income
The components of accumulated other comprehensive income are as follows:
Foreign currency translation adjustments (1)
Pension liability adjustments, net of taxesAccumulated other comprehensive income
Balance at December 31, 2025$209.7 $10.3 $220.0 
Other comprehensive loss before reclassifications, net of taxes(56.9)— (56.9)
Amounts reclassified from accumulated other comprehensive income, net of taxes— (0.2)(0.2)
Net current-period other comprehensive loss, net of taxes(56.9)(0.2)(57.1)
Balance at March 31, 2026$152.8 $10.1 $162.9 
Foreign currency translation adjustments (1)
Pension liability adjustments, net of taxesAccumulated other comprehensive loss
Balance at December 31, 2024$(153.6)$(1.5)$(155.1)
Other comprehensive income before reclassifications, net of taxes122.5 — 122.5 
Amounts reclassified from accumulated other comprehensive loss, net of taxes— 0.3 0.3 
Net current-period other comprehensive income, net of taxes122.5 0.3 122.8 
Balance at March 31, 2025$(31.1)$(1.2)$(32.3)
_______________
(1)Foreign currency translation adjustments include translation adjustments and net investment hedges, net of taxes. See Note 10, “Derivative Financial Instruments,” for further information related to the net investment hedges.
v3.26.1
Earnings Per Share (Tables)
 3 Months Ended
Mar. 31, 2026
Earnings Per Share [Abstract]  
Schedule of Calculation of Net Earnings Per Share
The following table represents calculations of net earnings per share of common stock:
Three Months Ended March 31,
 20262025
Amounts attributable to Chart common shareholders
(Loss) income from continuing operations$(17.1)$51.5 
Less: Mandatory convertible preferred stock dividend requirement— 6.8 
(Loss) income from continuing operations attributable to Chart(17.1)44.7 
Loss from discontinued operations, net of tax— (2.0)
Net (loss) income attributable to Chart common shareholders(17.1)42.7 
Earnings per common share – basic:
(Loss) income from continuing operations$(0.36)$0.99 
Loss from discontinued operations— (0.04)
Net (loss) income attributable to Chart Industries, Inc.$(0.36)$0.95 
Earnings per common share – diluted:
(Loss) income from continuing operations$(0.36)$0.99 
Loss from discontinued operations— (0.05)
Net (loss) income attributable to Chart Industries, Inc.$(0.36)$0.94 
Weighted average number of common shares outstanding – basic47.85 44.93 
Incremental shares issuable upon assumed conversion and exercise of share-based awards (1)
— 0.27 
Weighted average number of common shares outstanding – diluted47.85 45.20 
_______________
(1)Zero incremental shares from share-based awards are included in the computation of diluted net loss per share for periods in which a net loss from continuing operations attributable to Chart occurs because to do so would be anti-dilutive.
Schedule of Antidilutive Securities
Diluted earnings per share does not reflect the following cumulative preferred stock dividends and potential common shares as the effect would be anti-dilutive:
 Three Months Ended March 31,
 20262025
Numerator
Mandatory convertible preferred stock dividend requirement (1)
$— $6.8 
Denominator
Anti-dilutive shares, Share-based awards0.51 0.07 
Anti-dilutive shares, Mandatory convertible preferred stock (1)
— 2.84 
Total anti-dilutive securities0.51 2.91 
 _______________
(1)We calculate the basic and diluted earnings per share based on net income, which approximates income available to common shareholders for each period. Earnings per share is calculated using the two-class method, which is an earnings allocation formula that determines the earnings per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. Shares of Series B Mandatory Convertible Preferred Stock were participating securities. Undistributed earnings are not allocated to the participating securities because the participation features are discretionary. Net losses were not allocated to the Series B Mandatory Convertible Preferred Stock, as it did not have a contractual obligation to share in the losses of Chart. Basic net income per share is computed by dividing net income available to common shareholders by the weighted average number
of common shares outstanding for the period. Diluted net income per common share is computed by dividing net income available to common shareholders by the sum of the weighted average number of common shares outstanding and any dilutive non-participating securities for the period.
v3.26.1
Basis of Preparation - Narratives (Details)
$ / shares in Units, $ in Millions
Mar. 31, 2026
center
location
$ / shares
Dec. 31, 2025
$ / shares
Sep. 30, 2025
USD ($)
Jul. 28, 2025
USD ($)
$ / shares
New Accounting Pronouncements or Change in Accounting Principle        
Number of locations (locations) | location 63      
Number of service centers (centers) | center 50      
Common stock, par value (usd per share) | $ / shares $ 0.01 $ 0.01   $ 0.01
Termination fees payable     $ 266  
Termination fee net of reimbursement       $ 250
Reimbursable termination fee       $ 16
Proposed Merger with Baker Hughes Company | Scenario, Plan        
New Accounting Pronouncements or Change in Accounting Principle        
Business Combination, Price Per Share | $ / shares       $ 210.00
Flowserve        
New Accounting Pronouncements or Change in Accounting Principle        
Termination fee payments       $ 8
Baker Hughes | Failure To Adopt By Chart Stockholders        
New Accounting Pronouncements or Change in Accounting Principle        
Termination fee payments       250
Baker Hughes | Flowserve        
New Accounting Pronouncements or Change in Accounting Principle        
Termination fee payments       258
Baker Hughes | Chart | Failure To Obtain Antitrust of Foreign Investment Approval        
New Accounting Pronouncements or Change in Accounting Principle        
Termination fee payments       $ 500
v3.26.1
Reportable Segments - Narratives (Details)
 3 Months Ended
Mar. 31, 2026
segment
Segment Reporting [Abstract]  
Number of reportable segments (segment) 4
v3.26.1
Reportable Segments - Segment Income (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information    
Sales $ 884.8 $ 1,001.5
Cost of sales 633.4 661.7
Selling, general and administrative expenses 152.0 141.0
Amortization expense 46.8 46.5
Operating income (loss) 52.6 152.3
Depreciation expense 24.7 19.7
Operating Segments | Cryo Tank Solutions    
Segment Reporting Information    
Sales 145.6 153.2
Cost of sales 111.6 116.0
Selling, general and administrative expenses 21.5 17.7
Amortization expense 1.9 1.9
Operating income (loss) 10.6 17.6
Depreciation expense 4.9 4.3
Operating Segments | Heat Transfer Systems    
Segment Reporting Information    
Sales 246.1 267.3
Cost of sales 194.6 184.7
Selling, general and administrative expenses 12.8 10.8
Amortization expense 6.6 4.9
Operating income (loss) 32.1 66.9
Depreciation expense 4.5 4.1
Operating Segments | Specialty Products    
Segment Reporting Information    
Sales 214.5 276.1
Cost of sales 168.8 192.4
Selling, general and administrative expenses 32.9 30.4
Amortization expense 4.4 5.0
Operating income (loss) 8.4 48.3
Depreciation expense 7.4 5.0
Operating Segments | Repair, Service & Leasing    
Segment Reporting Information    
Sales 278.6 304.9
Cost of sales 158.4 168.6
Selling, general and administrative expenses 40.5 38.9
Amortization expense 33.9 34.7
Operating income (loss) 45.8 62.7
Depreciation expense 4.7 3.6
Corporate    
Segment Reporting Information    
Sales 0.0 0.0
Cost of sales 0.0 0.0
Selling, general and administrative expenses 44.3 43.2
Amortization expense 0.0 0.0
Operating income (loss) (44.3) (43.2)
Depreciation expense $ 3.2 $ 2.7
v3.26.1
Reportable Segments - Product Sales Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Segment Reporting Information    
Sales $ 884.8 $ 1,001.5
North America    
Segment Reporting Information    
Sales 415.1 457.2
Europe, Middle East, Africa and India    
Segment Reporting Information    
Sales 261.4 281.0
Asia-Pacific    
Segment Reporting Information    
Sales 188.8 243.6
Rest of the World    
Segment Reporting Information    
Sales 19.5 19.7
Operating Segments | Cryo Tank Solutions    
Segment Reporting Information    
Sales 145.6 153.2
Operating Segments | Cryo Tank Solutions | North America    
Segment Reporting Information    
Sales 59.6 58.6
Operating Segments | Cryo Tank Solutions | Europe, Middle East, Africa and India    
Segment Reporting Information    
Sales 53.4 57.3
Operating Segments | Cryo Tank Solutions | Asia-Pacific    
Segment Reporting Information    
Sales 29.4 35.6
Operating Segments | Cryo Tank Solutions | Rest of the World    
Segment Reporting Information    
Sales 3.2 1.7
Operating Segments | Heat Transfer Systems    
Segment Reporting Information    
Sales 246.1 267.3
Operating Segments | Heat Transfer Systems | North America    
Segment Reporting Information    
Sales 173.6 162.5
Operating Segments | Heat Transfer Systems | Europe, Middle East, Africa and India    
Segment Reporting Information    
Sales 36.3 39.4
Operating Segments | Heat Transfer Systems | Asia-Pacific    
Segment Reporting Information    
Sales 36.1 64.6
Operating Segments | Heat Transfer Systems | Rest of the World    
Segment Reporting Information    
Sales 0.1 0.8
Operating Segments | Specialty Products    
Segment Reporting Information    
Sales 214.5 276.1
Operating Segments | Specialty Products | North America    
Segment Reporting Information    
Sales 100.4 122.4
Operating Segments | Specialty Products | Europe, Middle East, Africa and India    
Segment Reporting Information    
Sales 49.5 64.6
Operating Segments | Specialty Products | Asia-Pacific    
Segment Reporting Information    
Sales 57.8 82.9
Operating Segments | Specialty Products | Rest of the World    
Segment Reporting Information    
Sales 6.8 6.2
Operating Segments | Repair, Service & Leasing    
Segment Reporting Information    
Sales 278.6 304.9
Operating Segments | Repair, Service & Leasing | North America    
Segment Reporting Information    
Sales 81.5 113.7
Operating Segments | Repair, Service & Leasing | Europe, Middle East, Africa and India    
Segment Reporting Information    
Sales 122.2 119.7
Operating Segments | Repair, Service & Leasing | Asia-Pacific    
Segment Reporting Information    
Sales 65.5 60.5
Operating Segments | Repair, Service & Leasing | Rest of the World    
Segment Reporting Information    
Sales $ 9.4 $ 11.0
v3.26.1
Reportable Segments - Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Assets $ 9,691.6 $ 9,806.4
Goodwill 3,061.8 3,067.6
Identifiable intangible assets, net 2,450.9 2,511.7
Operating Segments    
Assets    
Assets 3,531.7 3,468.4
Operating Segments | Cryo Tank Solutions    
Assets    
Assets 613.7 546.7
Goodwill 241.9 228.3
Operating Segments | Heat Transfer Systems    
Assets    
Assets 895.0 866.8
Goodwill 482.7 482.3
Operating Segments | Specialty Products    
Assets    
Assets 971.5 1,047.7
Goodwill 583.5 583.5
Operating Segments | Repair, Service & Leasing    
Assets    
Assets 1,051.5 1,007.2
Goodwill 1,753.7 1,773.5
Corporate    
Assets    
Assets $ 647.2 $ 758.7
v3.26.1
Revenue - Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue    
Sales $ 884.8 $ 1,001.5
Point in time    
Disaggregation of Revenue    
Sales 201.3 268.2
Over time    
Disaggregation of Revenue    
Sales 683.5 733.3
Operating Segments | Cryo Tank Solutions    
Disaggregation of Revenue    
Sales 145.6 153.2
Operating Segments | Cryo Tank Solutions | Point in time    
Disaggregation of Revenue    
Sales 56.4 57.4
Operating Segments | Cryo Tank Solutions | Over time    
Disaggregation of Revenue    
Sales 89.2 95.8
Operating Segments | Heat Transfer Systems    
Disaggregation of Revenue    
Sales 246.1 267.3
Operating Segments | Heat Transfer Systems | Point in time    
Disaggregation of Revenue    
Sales 6.2 1.4
Operating Segments | Heat Transfer Systems | Over time    
Disaggregation of Revenue    
Sales 239.9 265.9
Operating Segments | Specialty Products    
Disaggregation of Revenue    
Sales 214.5 276.1
Operating Segments | Specialty Products | Point in time    
Disaggregation of Revenue    
Sales 34.8 42.6
Operating Segments | Specialty Products | Over time    
Disaggregation of Revenue    
Sales 179.7 233.5
Operating Segments | Repair, Service & Leasing    
Disaggregation of Revenue    
Sales 278.6 304.9
Operating Segments | Repair, Service & Leasing | Point in time    
Disaggregation of Revenue    
Sales 103.9 166.8
Operating Segments | Repair, Service & Leasing | Over time    
Disaggregation of Revenue    
Sales $ 174.7 $ 138.1
v3.26.1
Revenue - Change in Contract Assets and Liabilities (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Contract assets    
Unbilled contract revenue $ 1,045.6 $ 986.4
Contract liabilities    
Customer advances and billings in excess of contract revenue $ 285.0 $ 324.4
v3.26.1
Revenue - Narratives (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Disaggregation of Revenue    
Contract revenue recognized $ 143.3 $ 155.1
Remaining performance obligation $ 6,282.9  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01    
Disaggregation of Revenue    
Performance obligations 12 months  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01 | Maximum    
Disaggregation of Revenue    
Revenue, remaining performance obligation (percent) 42.00%  
v3.26.1
Inventories (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Inventory Disclosure [Abstract]    
Raw materials and supplies $ 245.5 $ 237.5
Work in process 168.8 166.2
Total inventories, net 173.2 168.6
Inventories, net $ 587.5 $ 572.3
v3.26.1
Leases - Narratives (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Leases [Abstract]    
Operating lease rent expense $ 7.7 $ 6.7
Right of use assets obtained in exchange for operating lease liability $ 9.5  
v3.26.1
Leases - Schedule of Lease Details (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Assets    
Operating lease, net $ 85.4 $ 81.7
Finance lease, net 28.0 30.1
Total lease assets $ 113.4 $ 111.8
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] Property, plant, and equipment, net Property, plant, and equipment, net
Current:    
Operating lease liabilities $ 22.1 $ 20.7
Finance lease liabilities $ 7.4 $ 7.5
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Other current liabilities Other current liabilities
Finance Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] Other current liabilities Other current liabilities
Non-current:    
Operating lease liabilities $ 65.1 $ 62.6
Finance lease liabilities $ 21.4 $ 23.5
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] Other long-term liabilities Other long-term liabilities
Finance Lease Liability Noncurrent Statement Of Financial Position Extensible List Other long-term liabilities Other long-term liabilities
Total lease liabilities $ 116.0 $ 114.3
Weighted-average remaining lease terms    
Operating lease (in years) 5 years 9 months 18 days 5 years 10 months 24 days
Finance lease (in years) 4 years 10 months 24 days 5 years
Weighted-average discount rate    
Operating leases (percent) 6.90% 6.90%
Finance leases (percent) 6.20% 6.10%
v3.26.1
Leases - Future Minimum Payments (Details)
$ in Millions
Mar. 31, 2026
USD ($)
Finance  
2026 $ 7.1
2027 9.4
2028 5.2
2029 3.2
2030 2.7
2031 5.4
Thereafter 3.7
Total future minimum lease payments 34.1
Less: Present value discount 5.3
Lease liability 28.8
Operating  
2026 20.8
2027 22.7
2028 19.0
2029 12.6
2030 8.6
2031 2.8
Thereafter 5.4
Total future minimum lease payments 94.5
Less: Present value discount 7.3
Lease liability $ 87.2
v3.26.1
Goodwill and Intangible Assets - Goodwill Rollforward (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Goodwill  
Balance at December 31, 2025 $ 3,067.6
Goodwill acquired during the period 16.1
Foreign currency translation adjustments and other (21.9)
Balance at March 31, 2026 3,061.8
Goodwill Impaired  
Accumulated goodwill impairment loss at December 31, 2025 129.0
Accumulated goodwill impairment loss at March 31, 2026 129.0
Cryotek Holding B.V  
Goodwill Impaired  
Cash consideration 28.0
Cash acquired from acquisition 5.2
Operating Segments | Cryo Tank Solutions  
Goodwill  
Balance at December 31, 2025 228.3
Goodwill acquired during the period 12.2
Foreign currency translation adjustments and other 1.4
Balance at March 31, 2026 241.9
Goodwill Impaired  
Accumulated goodwill impairment loss at December 31, 2025 23.5
Accumulated goodwill impairment loss at March 31, 2026 23.5
Operating Segments | Heat Transfer Systems  
Goodwill  
Balance at December 31, 2025 482.3
Goodwill acquired during the period 0.0
Foreign currency translation adjustments and other 0.4
Balance at March 31, 2026 482.7
Goodwill Impaired  
Accumulated goodwill impairment loss at December 31, 2025 49.3
Accumulated goodwill impairment loss at March 31, 2026 49.3
Operating Segments | Specialty Products  
Goodwill  
Balance at December 31, 2025 583.5
Goodwill acquired during the period 0.9
Foreign currency translation adjustments and other (0.9)
Balance at March 31, 2026 583.5
Goodwill Impaired  
Accumulated goodwill impairment loss at December 31, 2025 35.8
Accumulated goodwill impairment loss at March 31, 2026 35.8
Operating Segments | Repair, Service & Leasing  
Goodwill  
Balance at December 31, 2025 1,773.5
Goodwill acquired during the period 3.0
Foreign currency translation adjustments and other (22.8)
Balance at March 31, 2026 1,753.7
Goodwill Impaired  
Accumulated goodwill impairment loss at December 31, 2025 20.4
Accumulated goodwill impairment loss at March 31, 2026 $ 20.4
v3.26.1
Goodwill and Intangible Assets - Finite-lived and Indefinite-lived Intangible Assets (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Gross Carrying Amount $ 2,536.9 $ 2,549.8
Accumulated Amortization (733.4) (694.5)
Total intangible assets 3,184.3 3,206.2
Trademarks and trade names    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Trademarks and trade names 647.4 656.4
Indefinite-lived intangible assets impairment loss 16.0 16.0
Customer relationships    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Gross Carrying Amount 1,859.8 1,868.6
Accumulated Amortization $ (424.6) (399.7)
Customer relationships | Minimum    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Finite lived intangible asset useful life (in years) 4 years  
Customer relationships | Maximum    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Finite lived intangible asset useful life (in years) 18 years  
Technology    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Gross Carrying Amount $ 519.2 523.6
Accumulated Amortization $ (166.9) (161.0)
Technology | Minimum    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Finite lived intangible asset useful life (in years) 5 years  
Technology | Maximum    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Finite lived intangible asset useful life (in years) 18 years  
Patents, backlog and other    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Gross Carrying Amount $ 144.7 145.5
Accumulated Amortization $ (138.2) (130.2)
Patents, backlog and other | Minimum    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Finite lived intangible asset useful life (in years) 2 years  
Patents, backlog and other | Maximum    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Finite lived intangible asset useful life (in years) 10 years  
Trademarks and trade names    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Gross Carrying Amount $ 2.7 1.8
Accumulated Amortization $ (1.3) (1.3)
Trademarks and trade names | Minimum    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Finite lived intangible asset useful life (in years) 5 years  
Trademarks and trade names | Maximum    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Finite lived intangible asset useful life (in years) 23 years  
Land use rights    
Schedule of Finite-lived and Indefinite-lived Intangible Assets    
Finite lived intangible asset useful life (in years) 50 years  
Gross Carrying Amount $ 10.5 10.3
Accumulated Amortization $ (2.4) $ (2.3)
v3.26.1
Goodwill and Intangible Assets - Narratives (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]    
Intangible assets amortization expense $ 46.8 $ 46.5
v3.26.1
Investments - Equity Method Investments (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Equity Securities  
Balance at December 31, 2025 $ 96.2
Equity in loss of unconsolidated affiliates (0.3)
Foreign currency translation adjustments and other (2.0)
Balance at March 31, 2026 $ 93.9
v3.26.1
Investments - Investments in Equity Securities (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Equity Securities  
Balance at December 31, 2025 $ 117.9
New investments 3.3
Decrease in fair value of investments in equity securities (6.0)
Foreign currency translation adjustments and other 0.3
Balance at March 31, 2026 115.5
Investment in Equity Securities, Level 2  
Equity Securities  
Balance at December 31, 2025 6.7
New investments 0.0
Decrease in fair value of investments in equity securities (0.1)
Foreign currency translation adjustments and other 0.0
Balance at March 31, 2026 6.6
Investments in Equity Securities, All Others  
Equity Securities  
Balance at December 31, 2025 111.2
New investments 3.3
Decrease in fair value of investments in equity securities (5.9)
Foreign currency translation adjustments and other 0.3
Balance at March 31, 2026 $ 108.9
v3.26.1
Investments - Co-Investment Agreement (Details)
$ / shares in Units, € in Millions
Mar. 31, 2026
USD ($)
Mar. 31, 2026
EUR (€)
Dec. 31, 2025
USD ($)
Apr. 30, 2025
USD ($)
$ / shares
Debt and Equity Securities, FV-NI        
Equity method investments $ 93,900,000   $ 96,200,000  
Equity securities, FV-NI $ 115,500,000   117,900,000  
Capital Commitment Condition One        
Debt and Equity Securities, FV-NI        
Investment, Type [Extensible Enumeration] Common Stock Common Stock    
HTEC        
Debt and Equity Securities, FV-NI        
Equity investments, ownership interest (percent) 25.00% 25.00%    
Equity method investments $ 68,100,000   $ 70,100,000  
Hy24        
Debt and Equity Securities, FV-NI        
Equity securities, FV-NI 22,700,000 € 19.8    
Unfunded commitment $ 34,800,000 € 30.2    
Closing through third anniversary | ISQ | Corporate Joint Venture        
Debt and Equity Securities, FV-NI        
Shareholder distribution threshold       $ 900,000,000.0
Put option cash consideration       $ 323,000,000.0
Exercise price of option (usd per share) | $ / shares       $ 51.20
Third Anniversary | Corporate Joint Venture | HTEC        
Debt and Equity Securities, FV-NI        
Put option internal rate of return (percent)       12.75%
Third Anniversary | Corporate Joint Venture | HTEC | Common Stock        
Debt and Equity Securities, FV-NI        
Percentage of shares callable upon exercise of call option (percent)       85.00%
Invested capital multiple rate       1.80
Third Anniversary | ISQ | Corporate Joint Venture        
Debt and Equity Securities, FV-NI        
Percentage change in option value per share       11.25%
v3.26.1
Debt and Credit Arrangements - Schedule of Outstanding Borrowings (Details) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Debt Instrument    
Unamortized discount $ (18,900,000) $ (19,800,000)
Unamortized debt issuance costs (22,900,000) (24,200,000)
Total debt, net of unamortized debt issuance costs 3,786,800,000 3,565,600,000
Less: Current maturities 100,000 600,000
Long-term debt 3,786,700,000 3,565,000,000
Revolving Credit Facility    
Debt Instrument    
Unamortized discount (21,700,000) (22,800,000)
Unamortized debt issuance costs (22,400,000) (23,600,000)
Senior secured and senior unsecured notes, net of unamortized discount and debt issuance costs 1,860,800,000 1,641,300,000
Senior Secured and Unsecured Notes    
Debt Instrument    
Senior secured and senior unsecured notes, net of unamortized discount and debt issuance costs 1,925,200,000 1,923,000,000
Senior secured notes due 2030 | Secured Debt    
Debt Instrument    
Debt instrument face amount 1,457,000,000 1,457,000,000
Senior unsecured notes due 2031 | Unsecured Debt    
Debt Instrument    
Debt instrument face amount 510,000,000.0 510,000,000.0
Term loans due March 2030 | Term Loan | Revolving Credit Facility    
Debt Instrument    
Debt instrument face amount 1,406,000,000 1,406,000,000
Senior secured revolving credit facility due April 2029 | Secured Debt | Revolving Credit Facility    
Debt Instrument    
Debt instrument face amount 498,900,000 281,700,000
Other debt facilities    
Debt Instrument    
Senior secured and senior unsecured notes, net of unamortized discount and debt issuance costs $ 800,000 $ 1,300,000
v3.26.1
Debt and Credit Arrangements - Narratives (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Debt Disclosure [Abstract]    
Interest paid $ 110.5 $ 115.4
v3.26.1
Debt and Credit Arrangements - Senior Secured and Unsecured Notes (Details) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Senior secured notes due 2030 | Secured Debt    
Debt Instrument    
Debt instrument face amount $ 1,457,000,000 $ 1,457,000,000
Debt instrument stated interest rate (percent) 7.50%  
Issue price (percent) 98.661%  
Debt instrument effective interest rate (percent) 7.80%  
Senior unsecured notes due 2031 | Unsecured Debt    
Debt Instrument    
Debt instrument face amount $ 510,000,000.0 $ 510,000,000.0
Debt instrument stated interest rate (percent) 9.50%  
Issue price (percent) 97.949%  
Debt instrument effective interest rate (percent) 9.90%  
v3.26.1
Debt and Credit Arrangements - Senior Secured Revolving Credit Facility and Term Loans (Details)
€ in Millions
Mar. 31, 2026
USD ($)
Mar. 31, 2026
EUR (€)
Dec. 31, 2025
USD ($)
Dec. 31, 2025
EUR (€)
Jul. 02, 2024
USD ($)
Term loans due March 2030 | Term Loan          
Debt Instrument          
Long term debt $ 1,362,000,000   $ 1,359,700,000    
Revolving Credit Facility | Senior secured revolving credit facility due April 2029          
Debt Instrument          
Maximum borrowing capacity         $ 1,250,000,000
Debt instrument stated interest rate (percent) 5.60% 5.60% 5.80% 5.80%  
Letters of credit outstanding $ 226,900,000        
Unused borrowing capacity 524,200,000        
Revolving Credit Facility | Senior secured revolving credit facility due April 2029 | Secured Debt          
Debt Instrument          
Debt instrument face amount 498,900,000   $ 281,700,000    
Revolving Credit Facility | Euro senior secured revolving credit facility          
Debt Instrument          
Long term debt 121,900,000 € 106.0 91,700,000 € 78.0  
Revolving Credit Facility | Term loans due March 2030 | Term Loan          
Debt Instrument          
Debt instrument face amount $ 1,406,000,000   $ 1,406,000,000    
Debt instrument stated interest rate (percent) 6.20% 6.20% 6.50% 6.50%  
Debt instrument effective interest rate (percent) 9.10% 9.10%      
v3.26.1
Debt and Credit Arrangements - Other Debt Facilities (Details) - Revolving Credit Facility - Foreign Facilities - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Debt Instrument    
Line of credit remaining borrowing amount $ 210.8  
Letters of credit outstanding $ 211.3 $ 218.6
v3.26.1
Debt and Credit Arrangements - Carrying Value and Fair Value Disclosures (Details) - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Term Loan | Term loans due March 2030    
Debt Instrument    
Carrying Value $ 1,362.0 $ 1,359.7
Fair Value 1,406.9 1,414.8
Secured Debt | Senior secured notes due 2030    
Debt Instrument    
Carrying Value 1,430.1 1,428.6
Fair Value 1,513.9 1,520.9
Unsecured Debt | Senior unsecured notes due 2031    
Debt Instrument    
Carrying Value 495.0 494.4
Fair Value $ 536.1 $ 539.9
v3.26.1
Shareholders' Equity - Narrative (Details) - USD ($)
 3 Months Ended 12 Months Ended
Dec. 13, 2022
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
Dec. 23, 2022
Class of Stock          
Less: Mandatory convertible preferred stock dividend requirement   $ 0 $ 6,800,000    
Convertible Preferred Stock          
Class of Stock          
Conversion of shares         5.00%
Convertible Preferred Stock | Range One | Minimum          
Class of Stock          
Mandatory conversion of preferred stock (shares)       7.0520  
Convertible Preferred Stock | Public Offering          
Class of Stock          
Number of shares issued (shares) 8,050,000.000        
Conversion of shares 5.00%        
Dividend rate 6.75%        
Preferred stock, par value (usd per share) $ 0.01        
Convertible Preferred Stock | Public Offering | Range Two          
Class of Stock          
Liquidation preference $ 1,000        
Common Stock | Range One | Minimum          
Class of Stock          
Daily depository conversion rate (usd per share)       $ 0.3526  
Common Stock | Public Offering          
Class of Stock          
Number of shares issued (shares)       2,840,000  
v3.26.1
Derivative Financial Instruments - Schedule of Fair Value of Asset and Liabilities Derivatives (Details) - Foreign Exchange Contract - Net Investment Hedging - USD ($)
$ in Millions
Mar. 31, 2026
Dec. 31, 2025
Designated as Hedging Instrument    
Derivative    
Derivative instrument notional amount $ 635.8 $ 646.3
Not Designated as Hedging Instrument    
Derivative    
Derivative instrument notional amount 351.2 382.2
Fair Value Other Current Assets | Not Designated as Hedging Instrument    
Derivative    
Derivative assets, at fair value 2.1 3.9
Fair Value Other Assets | Designated as Hedging Instrument    
Derivative    
Derivative assets, at fair value 1.9 0.3
Fair Value Other Assets | Not Designated as Hedging Instrument    
Derivative    
Derivative assets, at fair value 0.0 0.7
Fair Value Other Current Liabilities | Not Designated as Hedging Instrument    
Derivative    
Derivative liabilities, at fair value 2.1 1.9
Fair Value Other Long-Term Liabilities | Designated as Hedging Instrument    
Derivative    
Derivative liabilities, at fair value 13.7 17.5
Fair Value Other Long-Term Liabilities | Not Designated as Hedging Instrument    
Derivative    
Derivative liabilities, at fair value $ 0.1 $ 0.0
v3.26.1
Accumulated Other Comprehensive Income - Schedule of Changes in Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Accumulated Other Comprehensive Loss    
Beginning balance $ 3,375.7 $ 2,995.2
Other comprehensive loss before reclassifications, net of taxes (56.9) 122.5
Amounts reclassified from accumulated other comprehensive loss, net of taxes (0.2) 0.3
Net current-period other comprehensive loss, net of taxes (57.1) 122.8
Ending balance 3,305.1 3,166.6
Accumulated other comprehensive loss    
Accumulated Other Comprehensive Loss    
Beginning balance 220.0 (155.1)
Ending balance 162.9 (32.3)
Foreign currency translation adjustments    
Accumulated Other Comprehensive Loss    
Beginning balance 209.7 (153.6)
Other comprehensive loss before reclassifications, net of taxes (56.9) 122.5
Amounts reclassified from accumulated other comprehensive loss, net of taxes 0.0 0.0
Net current-period other comprehensive loss, net of taxes (56.9) 122.5
Ending balance 152.8 (31.1)
Pension liability adjustments, net of taxes    
Accumulated Other Comprehensive Loss    
Beginning balance 10.3 (1.5)
Other comprehensive loss before reclassifications, net of taxes 0.0 0.0
Amounts reclassified from accumulated other comprehensive loss, net of taxes (0.2) 0.3
Net current-period other comprehensive loss, net of taxes (0.2) 0.3
Ending balance $ 10.1 $ (1.2)
v3.26.1
Earnings Per Share -Schedule of Calculation of Net Earnings Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Amounts attributable to Chart common shareholders    
(Loss) income from continuing operations $ (17.1) $ 51.5
Less: Mandatory convertible preferred stock dividend requirement 0.0 6.8
(Loss) income from continuing operations attributable to Chart (17.1) 44.7
Loss from discontinued operations, net of tax 0.0 (2.0)
Net (loss) income attributable to Chart common shareholders (17.1) 42.7
Net (loss) income attributable to Chart common shareholders $ (17.1) $ 42.7
Earnings per common share – basic:    
(Loss) income from continuing operations (usd per share) $ (0.36) $ 0.99
Loss from discontinued operations (usd per share) 0 (0.04)
Net (loss) income attributable to Chart Industries, Inc. — basic (usd per share) (0.36) 0.95
Earnings per common share – diluted:    
(Loss) income from continuing operations (usd per share) (0.36) 0.99
Loss from discontinued operations (usd per share) 0 (0.05)
Net (loss) income attributable to Chart Industries, Inc. — diluted (usd per share) $ (0.36) $ 0.94
Weighted average number of common shares outstanding — basic (shares) 47,850 44,930
Incremental shares issuable upon assumed conversion and exercise of share-based awards (shares) 0 270
Weighted average number of common shares outstanding — diluted (shares) 47,850 45,200
v3.26.1
Earnings Per Share - Schedule of Antidilutive Securities (Details) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Antidilutive Securities Excluded from Computation of Earnings Per Share    
Mandatory convertible preferred stock dividend requirement $ 0.0 $ 6.8
Total anti-dilutive securities 510 2,910
Anti-dilutive shares, Share-based awards    
Antidilutive Securities Excluded from Computation of Earnings Per Share    
Total anti-dilutive securities 510 70
Convertible Preferred Stock    
Antidilutive Securities Excluded from Computation of Earnings Per Share    
Total anti-dilutive securities 0 2,840
v3.26.1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Income Tax Disclosure [Abstract]    
Income tax expense $ (12.5) $ 17.6
Effective income tax rate (percent) 46.80% 24.50%
Cash paid for taxes $ 24.4 $ 0.3
v3.26.1
Share-based Compensation (Details) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Share-based Compensation Arrangement by Share-based Payment Award    
Share-based compensation, fair value of awards granted $ 17.0  
Allocated share-based compensation expense 5.4 $ 6.2
Share based compensation expense not yet recognized $ 25.1  
Period in which unrecognized share based compensation will be recognized (in years) 2 years 1 month 6 days  
Director    
Share-based Compensation Arrangement by Share-based Payment Award    
Share-based compensation, fair value of restricted shares granted $ 0.3  
Stock Options    
Share-based Compensation Arrangement by Share-based Payment Award    
Share-based compensation, vesting period (in years) 4 years  
Restricted Stock Units (RSUs)    
Share-based Compensation Arrangement by Share-based Payment Award    
Share-based compensation, restricted shares granted (shares) 80  
Share-based compensation, vesting period (in years) 3 years  
Share-based compensation, shares vested other than options (shares) 50  
Performance Shares    
Share-based Compensation Arrangement by Share-based Payment Award    
Share-based compensation, vesting period (in years) 3 years  
Share-based compensation, shares vested other than options (shares) 30  
Restricted Stock    
Share-based Compensation Arrangement by Share-based Payment Award    
Share-based compensation, shares vested other than options (shares) 50  
v3.26.1
Commitments and Contingencies (Details)
 3 Months Ended
Mar. 31, 2026
USD ($)
lawsuit
Dec. 31, 2025
USD ($)
Commitments and Contingencies Disclosure [Abstract]    
Accrued environmental reserve | $ $ 0 $ 0
Number of lawsuits | lawsuit 2  
v3.26.1
Accounts Receivable Factoring (Details)
$ in Millions
 3 Months Ended
Mar. 31, 2026
USD ($)
Receivables [Abstract]  
Accounts receivable factored $ 42.2