Quarterly Data (Unaudited)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Selected quarterly data for the years ended December 31, 2019 and 2018 are as follows:



	Year Ended December 31, 2019
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
Sales	$	289.3	$	309.6	$	357.8	$	342.4	$	1,299.1
Gross profit	67.1		82.8		101.2		85.7		336.8
Operating income ⁽¹⁾	4.6		25.3		29.9		21.1		80.9
Net income	1.0		14.6		18.7		12.5		46.8
Net income attributable to Chart Industries, Inc.⁽⁵⁾	0.9		14.4		18.7		12.4		46.4
Net income attributable to Chart Industries, Inc. — basic ⁽²⁾	$	0.03	$	0.44	$	0.52	$	0.35	$	1.37
Net income attributable to Chart Industries, Inc. — diluted ⁽²⁾	$	0.03	$	0.41	$	0.51	$	0.34	$	1.32

_______________


⁽¹⁾	Includes transaction-related costs of $5.4 for the year ended December 31, 2019, which were mainly related to the AXC acquisition. Includes integration costs of $1.6 related to the AXC acquisition for the year ended December 31, 2019.


⁽²⁾	Basic and diluted earnings per share are computed independently for each of the quarters presented. As such, the sum of quarterly basic and diluted earnings per share may not equal reported annual basic and diluted earnings per share.



	Year Ended December 31, 2018
	First Quarter		Second Quarter		Third Quarter		Fourth Quarter		Total
Sales	$	244.1	$	277.9	$	272.2	$	290.1	$	1,084.3
Gross profit	66.9		72.8		82.3		73.9		295.9
Operating income ^{(1) (2)}	15.0		19.3		31.5		26.3		92.1

Income from continuing operations	$	4.2	$	9.9	$	21.5	$	18.0	$	53.6
Income from discontinued operations	1.6		2.4		0.7		29.7		34.4
Net income attributable to Chart Industries, Inc. ^{(3) (4)}	$	5.8	$	12.3	$	22.2	$	47.7	$	88.0
Basic earnings per common share attributable to Chart Industries, Inc. ^{(5) (6)}
Income from continuing operations	$	0.14	$	0.32	$	0.69	$	0.58	$	1.73
Income from discontinued operations	0.05		0.08		0.03		0.94		1.10
Net income attributable to Chart Industries, Inc.	$	0.19	$	0.40	$	0.72	$	1.52	$	2.83
Diluted earnings per common share attributable to Chart Industries, Inc. ⁽⁵⁾ ⁽⁶⁾
Income from continuing operations	$	0.13	$	0.31	$	0.65	$	0.56	$	1.67
Income from discontinued operations	0.05		0.07		0.02		0.91		1.06
Net income attributable to Chart Industries, Inc.	$	0.18	$	0.38	$	0.67	$	1.47	$	2.73

_______________


⁽¹⁾	Includes an expense of $3.8 recorded to the cost of sales related to the estimated costs of the aluminum cryobiological tank recall for the second quarter of 2018 and an additional expense of $0.2 recorded to the cost of sales for the fourth quarter of 2018.


⁽²⁾	During the year ended December 31, 2018, we recorded net severance costs of $2.3 primarily related to headcount reductions associated with the strategic realignment of our segment structure, which includes $1.8 in payroll severance costs partially offset by a $0.9 credit due to related share-based compensation forfeitures for the third quarter of 2018. Includes net severance

costs of $1.4 related to the departure of our former CEO, which includes $3.2 in payroll severance costs partially offset by a $1.8 credit due to related share-based compensation forfeitures for the second quarter of 2018.


⁽³⁾	Includes transaction-related costs of $2.1 for the year ended December 31, 2018, which were mainly related to the VRV acquisition. Includes integration costs of $0.8 related to the VRV acquisition for the fourth quarter of 2018.


⁽⁴⁾	Includes gain on sale of the CAIRE business of $34.3 for the fourth quarter of 2018.


⁽⁵⁾	We have completed our analysis to determine the effect of the Tax Cuts and Jobs Act, and as such, we have recorded an additional tax benefit of $1.8.

⁽⁶⁾

Basic and diluted earnings per share are computed independently for each of the quarters presented. As such, the sum of quarterly basic and diluted earnings per share may not equal reported annual basic and diluted earnings per share.