The Surprising Reason Chart Industries Stock Crashed Today

Shares of Chart Industries (NYSE: GTLS) crashed today, having tumbled 10.7% as of 11:35 a.m. EDT after releasing third-quarter numbers that fell short of analysts' estimates. Chart Industries manufactures a wide range of servicing equipment for the energy and industrials sectors under four segments: cryogenic tank solutions; heat transfer systems; repair, service, and leasing; and specialty products. If you're wondering why Chart Industries' net income declined despite such strong top-line growth, here's what happened: Although the company increased prices for most products last quarter, those increases weren't enough to offset the rise in costs for raw material, containers, and freight.