Chart Industries Inc. wrestled with inflationary pressures and operational challenges during the third quarter that weighed on results, but the company stressed that it continues to see “broad-based” demand for its products. 

small scale LNG

Chart engineers and manufactures equipment, including systems to liquefy hydrocarbons, hydrogen and helium. Like other industrial companies, supply chain, labor and logistics challenges cut into Chart’s margins during the period amid a global economy still finding its way forward after the Covid-19 outbreak and an energy supply crunch.

“We responded quickly with surcharges, additional price increases and operational cost reductions,” said CEO Jill Evanko. “Yet, none of our actions were immediately impactful to margins within the quarter...