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 
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(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 
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(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.