Chart Industries Inc (GTLS) Q1 2020 Earnings Call Transcript

Chart Industries Inc (GTLS) Q1 2020 Earnings Call Transcript

Good morning, and welcome to the Chart Industries, Inc., 2020 First Quarter Conference Call.. Good morning, everyone, and thank you for joining us today to go through our first quarter 2020 results and business update.. Joining me today is Scott Merkle, our Chief Accounting Officer.. Starting on slide five, first and foremost is the safety of our team members given the fact that our businesses are deemed essential.. We have taken the following measures, which are just A few examples to ensure team members stagger start and end time to shift schedules to reduce interaction.. The 2019 savings are reflected in the first quarter 2020 gross margin and SG&A results.. SG&A, when normalized for onetime costs, primarily severance, was $49.3 million for the first quarter of 2020, and included $2.9 million of share-based compensation expense, which only is significant each year in the first quarter.. Very little of our existing debt matures until 2024, inclusive of our convertible notes, revolver and term loan.. The total revenue pushed out of the first quarter because of coronavirus shutdowns was $7.5 million, with $3 million of that in China.. Our microbulk storage systems provide liquid oxygen storage for respiratory applications and can be