ATLANTA, March 11, 2020 (GLOBE NEWSWIRE) -- Chart Industries, Inc. (NASDAQ: GTLS) today announced that its Board of Directors has authorized the repurchase of up to $75.0 million of its common stock over the next twelve months. Under the stock repurchase program, Chart may purchase shares of its common stock through various means, including open market transactions, block purchases, privately negotiated transactions or otherwise in accordance with applicable federal securities laws, including Rule 10b-18 and Rule 10b5-1 of the Securities Exchange Act of 1934, as amended.

Chart’s CEO Jill Evanko commented: “This stock buyback program reflects our confidence in our business going forward, and we believe our shares are an attractive investment opportunity. Our strong cash flow simultaneously enables us to return value to shareholders, pay down debt, and deploy capital for productivity and growth opportunities.”