Wrapping up Q3 earnings, we look at the numbers and key takeaways for the gas and liquid handling stocks, including Chart (NYSE: GTLS) and its peers.

Gas and liquid handling companies possess the technical know-how and specialized equipment to handle valuable (and sometimes dangerous) substances. Lately, water conservation and carbon capture–which requires hydrogen and other gasses as well as specialized infrastructure–have been trending up, creating new demand for products such as filters, pumps, and valves. On the other hand, gas and liquid handling companies are at the whim of economic cycles. Consumer spending and interest rates, for example, can greatly impact the industrial production that drives demand for these companies’ offerings.

The 11 gas and liquid handling stocks we track reported a satisfactory Q3. As a group, revenues were in line with analysts’ consensus estimates while next quarter’s revenue guidance was 0.6% below.

In light of this news, share prices of the companies have held steady. On average, they are relatively unchanged since the latest earnings results.

Chart (NYSE: GTLS)

Installing the first bulk Co2 tank for McDonalds’s sodas, Chart (NYSE: GTLS) provides equipment to store and transport gasses.

Chart reported revenues of $1.10 billion, up 3.6% year on year. This print fell short of analysts’ expectations by 6.3%. Overall, it was a slower quarter for the company with a significant miss of analysts’ revenue and EBITDA estimates.

“Our commercial momentum continues, with a third consecutive quarter of sequential orders growth driven by continued strength in our end markets, especially in LNG and data centers as customers are increasingly utilizing our full solutions and process technologies,” stated Jill Evanko, Chart Industries’ CEO and President.

Chart delivered the weakest performance against analyst estimates of the whole group. Interestingly, the stock is up 2% since reporting and currently trades at $203.68.

Is now the time to buy Chart? Access our full analysis of the earnings results here, it’s free for active Edge members.

Best Q3: SPX Technologies (NYSE: SPXC)

With roots dating back to 1912 as the Piston Ring Company, SPX Technologies (NYSE: SPXC) supplies specialized infrastructure equipment for HVAC systems and detection and measurement applications across industrial, commercial, and utility markets.

SPX Technologies reported revenues of $592.8 million, up 22.6% year on year, outperforming analysts’ expectations by 2.2%. The business had an exceptional quarter with a solid beat of analysts’ EBITDA estimates and an impressive beat of analysts’ adjusted operating income estimates.

The market seems content with the results as the stock is up 2.9% since reporting. It currently trades at $204.47.

Is now the time to buy SPX Technologies? Access our full analysis of the earnings results here, it’s free for active Edge members.

Weakest Q3: Graco (NYSE: GGG)

Founded in 1926, Graco (NYSE: GGG) is an industrial company specializing in the development and manufacturing of fluid-handling systems and products.

Graco reported revenues of $543.4 million, up 4.7% year on year, falling short of analysts’ expectations by 3%. It was a softer quarter as it posted a miss of analysts’ Contractor revenue estimates and a significant miss of analysts’ revenue estimates.

As expected, the stock is down 3% since the results and currently trades at $79.14.

Read our full analysis of Graco’s results here.

Ingersoll Rand (NYSE: IR)

Started with the invention of the steam drill, Ingersoll Rand (NYSE: IR) provides mission-critical air, gas, liquid, and solid flow creation solutions.

Ingersoll Rand reported revenues of $1.96 billion, up 5.1% year on year. This number was in line with analysts’ expectations. Aside from that, it was a mixed quarter as it also recorded an impressive beat of analysts’ adjusted operating income estimates but full-year EBITDA guidance missing analysts’ expectations.

The stock is down 6.6% since reporting and currently trades at $73.57.

Read our full, actionable report on Ingersoll Rand here, it’s free for active Edge members.

Gorman-Rupp (NYSE: GRC)

Powering fluid dynamics since 1934, Gorman-Rupp (NYSE: GRC) has evolved from its Ohio origins into a global manufacturer and seller of pumps and pump systems.

Gorman-Rupp reported revenues of $172.8 million, up 2.8% year on year. This result lagged analysts' expectations by 1%. It was a slower quarter as it also produced a significant miss of analysts’ EPS estimates and a slight miss of analysts’ revenue estimates.

Gorman-Rupp had the slowest revenue growth among its peers. The stock is down 11.2% since reporting and currently trades at $43.59.

Read our full, actionable report on Gorman-Rupp here, it’s free for active Edge members.

Market Update

Thanks to the Fed’s series of rate hikes in 2022 and 2023, inflation has cooled significantly from its post-pandemic highs, drawing closer to the 2% goal. This disinflation has occurred without severely impacting economic growth, suggesting the success of a soft landing. The stock market thrived in 2024, spurred by recent rate cuts (0.5% in September and 0.25% in November), and a notable surge followed Donald Trump’s presidential election win in November, propelling indices to historic highs. Nonetheless, the outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. The path forward holds both optimism and caution as new policies take shape.

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