Good morning and welcome to the Chart Industries, Incorporated, Fourth Quarter and Full year 2017 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. As a reminder, today's call is being recorded. You should have already received the company's earnings release that was issued earlier this morning. If you have not received the release, you may access it by visiting Chart's website at www.chartindustries.com. A telephone replay of today's broadcast will be available following the conclusion of the call until Thursday, March 1. The replay information is contained in the company's earnings release. Before we begin, the company would like to remind you that statements made during this call that are not historical in fact, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from those expressed or implied in the forward-looking statement. For further information about important factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, please refer to the information regarding forward-looking statements and risk factors included in the company's earnings release and latest filings with the SEC. These filings are available through the Investor Relations section of the company's website or through the SEC website, www.sec.gov. The company undertakes no obligation to update publicly or revise any forward-looking statement. I would now like to turn the conference call over to Jill Evanko, Chart Industries' CFO. You may begin your conference.

Thank you, Crystal. Good morning, everyone. Thank you for joining us today. I will begin by giving you an overview of our fourth quarter and full year 2017 results as well as our full year 2018 guidance. Then Bill Johnson will provide comments on current market and order trends across the three segments as we start 2018. In order to facilitate the discussion on our 2017 results and given the moving pieces from tax reform, we have included as an exhibit to this morning's press release a supplemental deck which I will reference throughout the call. The deck can be located on our website under Investor Relations. Starting with our fourth quarter of 2017 results on Page 3 of the supplemental deck. Fourth quarter sales of $306 million included $51.9 million from Hudson Products. Fourth quarter sales were 43% higher or 19% higher excluding Hudson compared to the same period in 2016. Net income for the fourth quarter of 2017 was $26.7 million, including the favorable impact of tax reform compared to a net loss of $3.3 million for the fourth quarter of 2016. Fourth quarter 2017 reported earnings per share of $0.85 compared to a loss of $0.11 in the fourth quarter of 2016. Adjusted EPS in the fourth quarter of 2017 was $0.46 compared to breakeven in the fourth quarter of 2016. It is important to note that adjusted 2017 earnings per share, reflects several adjustments, including the impact of U.S. tax reform, restructuring and acquisition related costs, refinancing debt extinguishment costs and a one-time Chinese court ruled litigation award. We will walk through the impacts to both the quarter and the full year adjusted EPS shortly. First, I will provide additional details on the fourth quarter 2017 financial results. Backlog excluding Hudson, increased $52.9 million from the…

Thank you, Jill and good morning everyone. I will provide an update on each segments' fourth quarter and full year results as well as market trends as we are seeing early in 2018. In the LNG markets we see momentum gradually building supported by the following indicators. Spot prices on LNG are at their highest levels in three years, the Chinese LNG market added 12 million tons of imports in 2017. As we discussed on our third quarter earnings call, I will touch on shortly in the D&S update. We continue to be cautiously optimistic on the Chinese market. We see an uptick in industrial gas consumers securing access to LNG from ISO tank LNG distributors, European LNG import levels were the highest in five years with France, Turkey and Italy all showing strength. Additionally, the fleet of LNG powered vessels is expected to double in 2018 which will result in more marine bunkering terminals, an area we continue to drive to take market share in. Now, turning to our energy and chemicals business. E&C segment sales of $99.2 million in the fourth quarter included $51.9 million from Hudson. This was a sequential organic increase of 17% over the third quarter of 2017. For the full year of 2017, E&C sales were $225.6 million, $71.4 million above 2016's revenue and $13.4 million above 2016 for legacy E&C revenue. During the fourth quarter, total E&C orders were $75.1 million, with seven orders above $2 million each. U.S. upstream oil and natural gas end markets have strengthened over the past 12 months generating increased Air Cooled Heat Exchanger demand for natural gas processing plants. A multi-year build out of natural gas transmission infrastructure continues to drive improved Air Cooled Heat Exchanger demand. The Hudson acquisition which closed on September 20, 2017 contributed…

Thank you. Our first question comes from Matt Trusz from Gabelli Company. Your line is open. Matthew Trusz - Gabelli & Company: Good morning. Thank you for taking my questions this morning.

Hi, Matt. Matthew Trusz - Gabelli & Company: So you discussed the shale gas strengthen in E&C and orders for 2017. Do you see these persisting through the whole year of 2018? What geographical formations should we model in for this, and how much of the increase in the E&C backlog was related to the domestic shale gas and T&G infrastructure?

So, yeah, to answer the macro question, we do see continued strength in the shale gas, gas processing plants into 2018. We – in our comments we said it was going to be 2% over 2017 levels. But yeah, we see that continuing in the future.

From a backlog perspective Matt, we booked in 2017 or is related to that just under $30 million of which about $10 million were shipped so carry over into 2018 will be at $20 million from now. Matthew Trusz - Gabelli & Company: Great. Thank you. Second on margins, now that you've acquired Hudson and accomplished a lot of your restructuring objectives early on, what do you see as the go forward incremental margin potential of the business either overall or if we look at it segment by segment?

So, if we look at 2018 and I think it's – we can look at it both overall and by segments, but we see total gross margin expansion for 2018 in the 200 basis points to 250 basis point range over 2017 and full for chart consolidated in each of the segments breaking it down, biomedical is the lowest of the three in terms of incremental from 2017 to 2018, primarily because we had three quarters of benefit from the restructuring consolidation in the first quarter, D&S and E&C both contribute equally to the chart expansion of gross margin. Matthew Trusz - Gabelli & Company: Thank you.

Thank you. Our next question comes from Martin Malloy from Johnson Rice. Your line is open. Martin W. Malloy - Johnson Rice & Co. LLC: Good morning.

Good morning. Martin W. Malloy - Johnson Rice & Co. LLC: On the LNG side, the mid-scale LNG, could you maybe talk about if any that's flowing through backlog right now, any of the feed work that you have and maybe timing expectations for when some larger bookings might occur?

Well, the Tellurium has already passed through and we talked about that for 2017. There are some other smaller LNG projects where we're doing some studies that are going into 2018. We do anticipate the Cheniere project having some funds on that this year as well. But if we look at we look at it, that's pretty much the scope of it right now. Martin W. Malloy - Johnson Rice & Co. LLC: Okay. And then the La Crosse plant expansion. Could you talk about how you expect that to impact capacity this year?

Yes. So the expansion will be done in the third quarter of this year and it really relies on what the order intake comes in. We don't anticipate it having a material effect on it and we don't need the additional capacity in 2018. It's really setting ourselves up for you know the future 2019 and 2020. Martin W. Malloy - Johnson Rice & Co. LLC: Great. Thank you.

Thank you. Our next question comes from Rob Brown from Lake Street Capital Markets. Your line is open.

Good morning. On the Hudson, maybe just update us on the Hudson integration. Where are you at on that, how much more is to go and what's your thinking as you've got into it this far?

Yeah. So I mean we're in very early stages of it right now looking at things. Hudson was – as a standalone business was when we bought it, very profitable, excellent management team. There's a number of things that we wanted to look at in terms of suppliers – supply. We think that we can improve on some of the supply base and some of the suppliers they had actually helping us with our Tulsa operation. But when we did the acquisition, we said it was going to take about 18 months to complete the – to get the effect of the synergies and I think we said around $7 million in synergies. We're on track for that. I would say the nice part about it is, we haven't had any negative surprises with the acquisition, it's all been very positive and we're very pleased with where we're at today.

And, Rob, we expect as we announced after we closed Hudson that the EPS accretion remains in line with the numbers that we announced in September and October for 2018.

Okay. Good. Good update. And then, maybe just touching to your acquisition strategy of the service businesses Skaff completed, are you still looking at pieces there or are there pieces that you still need or do you feel like you've got that business sort of running now?

Well, we certainly are in a better position than we were prior to Skaff. The Northeast was a big pool for us that we needed to fill. I would say that there are other opportunities out there that we're looking at, we will continue to look at and evaluate. But we're certainly in a much better position than we were before January 2nd.

Okay. Thank you. I'll turn it over.

Thank you. Our next question comes from Eric Stine from Craig-Hallum. Your line is open.

Hi, Bill. Hi, Jill. Maybe just turning to the LNG, the project pipeline, any – I don't know if you're willing to divulge this, but maybe just the mix as you see it between projects where you're doing engineering work versus just supplying the equipment obviously given the big difference in content there?

Well, yeah, I would say, we do that we – whether we're providing equipment or doing engineering work – we're doing engineering work, right. So we have to do engineering work to supply the equipment. So I'm not sure that there's a distinction there.

Okay.

And then – unless you're talking about where we're doing the installation acting as a general contract.

I'm talking more the mid-scale, where there's much more content on your end versus the traditional base load where there is just not as much content. So, maybe I phrased the question wrong just – but maybe the mix versus what you've done traditionally in the past versus going forward are the markets move in more mid-scale?

Yeah. So what I would say there is that, we are getting a lot more inquiries about our IPSMR, modular mid-scale technology. People are very interested in that and it's – it really revolves around the off-take agreements and the ability for people to secure off-take. You saw for example that Cheniere just announced a $1.2 million dollar off-take agreement or 1.2 million tonne off-take agreement with. China. And I think that happened at that level, that they're kind of seeing the off-take come in at and the modular mid-scale solutions that our IPSMR technology provides really bodes well into that arena. And so I think, we are seeing a lot of inquiries from major players in the industry and to understand what benefits our technology brings to the table.

Got it. And so I mean, it sounds like that does make up a good portion of the pipeline.

It certainly will contribute at some point to the pipeline.

Okay. Fair enough. Maybe just turning to industrial gas. I know it's been a question for some time given the consolidation in that industry. But given the positive trends you're seeing I mean is it safe to kind of give the all-clear you know in terms of that industry consolidation that we've seen from your customers that's really not going to impact you?

You know I think – you know the (33:42) merger is not done yet, all right.

Yeah.

So that will take sometime in August, so I think jury is still out there you know to see what's going to happen. The Airgas-Air Liquide merger has been you know completed for quite a while and we continue to see you know good business from them.

Okay.

So I don't think that being a problem going forward, but you know we'll monitor it.

Okay. And then just one last one just to clarify something for Jill. Just did you say on the tax rate given what's going on in China, the 2019, and did you mean your overall tax rate at 22% to 24%?

Correct, yes. Chart total tax rate .

Okay. All right, thank you very much.

Thanks, Eric.

Thank you. Our next question comes from Tom Hayes from Northcoast Research. Your line is open.

Thank you. Good morning.

Good morning.

Hey, Tom.

I just wondering maybe, you teased it out a little bit, since it's been an area of focus is as far as, what was the level of service to revenue in 2017 and the expectations for 2018?

The service to revenue on [Technical Difficulty] (34:54) services aftermarket parts and service, it was 13% of our total revenue in 2017 and we expect that to grow to about 15% to 16% in 2018.

Okay. And then maybe since Hudson is relatively new for us, how should we think about the growth rate within the E&C between the core business and then the Hudson business in 2018?

Yeah. So we look at on the Hudson business combined with our Chart Legacy Air Cooled Heat Exchanger business and now we expect that, that business to grow 2% in 2018 over 2017. And then, we would expect Chart legacy, excluding those product lines to grow around 5%.

Great. And then, just maybe lastly for Bill, you mentioned that in the marine bunkering opportunity, could you maybe just tease that out a little bit as far as what kind of products that might apply to? And then, the order or the spec in time generally lasts a couple of quarters here or you're used to maybe tease that out a little bit?

Yeah. So we – in Europe in particular there's a lot of marine activity with LNG, and a lot of it's being driven by the regulations with sulfur emission regulations and standards that are going into effect. So, all the marine engines have to be either low sulfur diesel or running some form of LNG in the near future. So, we see more of that activity in terms of a lot of the LNG, excess LNG right now is going to Europe. And so, what we do is we provide the storage tanks for these smaller bunkering terminals up to a 1,000 cubic meters and there may be 8 to10 of these kinds of tanks at a terminal, and you have all the vacuum insulated piping and all the ancillary equipment that goes along with that for the bunkering.

Great. Thank you.

Thank you. And our next question comes from Pavel Molchanov from Raymond James. Your line is open. Pavel S. Molchanov - Raymond James & Associates, Inc.: Thanks for taking the question. When I look at your backlog versus your 2018 revenue guidance, it's just over a third or covers just over a third of your projected revenue. And I think historically it used to be at least 50% sometimes well north of that. So has there been a structural shift in the business now towards more short cycle orders that are not included in the backlog?

Hi Pavel, yes there has. So the combination of the addition of the Hudson Sands business which is a shorter cycle, the growth in our respiratory BioMedical side and then we have higher service in aftermarket revenue mix. So that drives the delta. Pavel S. Molchanov - Raymond James & Associates, Inc.: Okay, understood. And thinking about the tax rates, so if the new federal rate is 21% you're guiding to 27% to 29% that seems to imply your international tax rate 35% plus. Is that a fair representation of why you're at 27% to 29%?

That is correct. So it's primarily driven by the losses in China that we have that ordinarily would result in tax benefit and reduce our total tax expense. So we've concluded that the losses are not likely to be used in the future. So we haven't recognized any tax benefit, so your implied rate is correct for the international side. Pavel S. Molchanov - Raymond James & Associates, Inc.: All right. Appreciate it.

Thank you.

Thank you. And I'm showing no further questions from our phone lines. I would now like to turn the conference call back over to Bill Johnson for any closing remarks.

Thank you, Crystal. We are pleased to announce our Investor Day which is scheduled to take place June 7, 2018 at the JW Marriott Essex Hotel in New York City. We will share our strategy, provide a three-year outlook for the business, and provide interaction with our segment presidents. An invitation and RSVP instructions will be distributed in the first week of March. Our fourth quarter and full-year 2017 results reflect recovery in certain markets, our reduce cost structure and support our 2018 guidance. The combination of including our restructuring actions, refinancing our debt at lower cost, mid-single digit organic growth in all three segments and ownership of Hudson Products, VCT Vogel and Skaff Cryogenics for the full year of 2018 supports adjusted EPS growth from $0.96 in 2017 to a range of $1.65 to $1.90 in 2018. Thank you everyone for listening today. Goodbye.

Ladies and gentlemen, thank you for participating in today's conference. This does conclude your program and you may all disconnect. Everyone have a wonderful day.