Carpenter Technology

Carpenter Technology Corp. engages in the manufacturing, fabrication, and distribution of specialty metals. It operates through the Specialty Alloys Operations and Performance Engineered Products segments. The Specialty Alloys Operations segment is composed of its major premium alloy and stainless-steel manufacturing operations. The Performance Engineered Products segment includes the Dynamet titanium, Carpenter Additive, and the Latrobe and Mexico distribution businesses. The company was founded by James Carpenter in 1889 and is headquartered in Philadelphia, PA.

Earnings data Q3 2021

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Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

CRS reports strong Q1 performance, eyes fiscal year 2019 targets

CRS delivered strong financial performance, particularly in the SAO and PEP segments, and outlined a positive outlook for the future. However, potential challenges in capacity, workforce training, and pricing require careful management. The company has opportunities to capitalize on the positive market outlook and achieve its operating income targets.

Carpenter Technology reports strong Q2 performance and aims for pre-pandemic levels

Carpenter Technology's Q2 2023 earnings call showcased solid performance, highlighting growth in key sectors and a positive outlook for the future. While facing challenges in cash flow management and market dynamics, the company remains focused on achieving pre-pandemic operating income levels by the end of 2023.

Carpenter Technology (CRS) reports robust Q3 performance and eyes growth opportunities

Carpenter Technology (CRS) demonstrated strong performance in Q3 2023, driven by demand in key end-use markets and operational efficiency.
While facing challenges in free cash flow, the company aims to enhance liquidity and achieve targeted operating income run rates.
Opportunities lie in future performance outlook, credit facility expansion, and market demand growth, positioning the company for potential success.
Investors can look forward to the upcoming Investor Day event on May 16 for further insights into Carpenter Technology's strategic direction.

Carpenter Technology surpasses pre-pandemic profits, eyes aerospace growth

Carpenter Technology delivered strong financial results, surpassing pre-pandemic levels and demonstrating operational excellence.
The company's market leadership in titanium, semiconductor, and consumer electronics presents growth opportunities.
Challenges in managing segments and market dynamics require strategic focus for sustained success.
Overall, Carpenter Technology's performance, strengths, and opportunities position it well for future growth and profitability.

Carpenter Technology reports Q1 growth, eyes doubling income by 2027

Carpenter Technology's Q1 2024 performance showed growth in operating income and strong margins.
The company is focused on long-term goals of doubling operating income by FY 2027.
Challenges include balancing growth targets with equipment protection and supply security.
Opportunities lie in strong demand outlook, price increases, and productivity gains.

Carpenter Technology reports strong Q2 earnings, eyes doubling income by 2027

Carpenter Technology's Q2 2024 showcased strong performance in key sectors, with a focus on growth in aerospace, medical markets, and long-term profitability goals. Challenges in the PEP segment highlight areas for improvement, while opportunities lie in doubling operating income by 2027.

Carpenter Technology reports record Q3 performance and raises guidance

Carpenter Technology's Q3 earnings call highlighted exceptional financial performance, exceeding expectations across key metrics. The company's strong free cash flow generation and optimistic outlook for the fourth quarter underscore its growth potential. Despite challenges in certain markets, Carpenter Technology remains focused on value creation and shareholder returns.

Carpenter Technology achieves record Q4 results, eyes sustained growth

Carpenter Technology's Q4 2024 performance exceeded expectations, driven by robust sales and operating income.
The company is well-positioned to capitalize on opportunities with a strong cash balance and share repurchase program.
Challenges include evolving contract structures and stringent capacity expansion requirements.
Overall, Carpenter Technology anticipates continued growth in a favorable demand environment.

Carpenter Technology excels in Q1 2025, raises outlook amid market dynamics

Carpenter Technology's Q1 2025 earnings call showcased robust financial performance, with a focus on safety, productivity, and product mix optimization. Despite challenges in certain end-use markets, the company is well-positioned for growth with a positive outlook and strategic initiatives in place.

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The consensus price target hints at a 32.9% upside potential for Carpenter (CRS). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Wall Street Analysts Think Carpenter (CRS) Could Surge 32.94%: Read This Before Placing a Bet

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3 Aerospace & Defense Stocks to Buy Hand Over Fist in February

Carpenter Technology reported its Q2 earnings with EPS up sharply over the past year. The company is benefiting from strong demand for its specialty alloys and high-performance materials across most end markets. We believe the recent selloff offers a new buying opportunity to pick up a high-quality industrial mid-cap with a positive long-term outlook.

Carpenter Technology: More Upside With Profitable Growth Just Getting Started

Carpenter Technology expects 40% CAGR operating income growth from 2023 to 2027 and notes strong demand in the short term. The company's business model focuses on specialty metals, with a diverse range of applications in industries such as aerospace, defense, transportation, and energy. Carpenter Technology's healthy balance sheet, geographic expansion, and potential for acquisitions contribute to its positive outlook and potential for significant free cash flow growth.

Carpenter's Q2: 40% CAGR Operating Growth Expected And Cheap

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Carpenter Technology's (CRS) Q2 results reflect a solid end-use market performance.

Carpenter Technology (CRS) Q2 Earnings In Line With Estimates

Carpenter Technology Corporation (CRS) Q2 2024 Earnings Call Transcript

Carpenter Technology (CRS) came out with quarterly earnings of $0.85 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.13 per share a year ago.

Carpenter Technology (CRS) Q2 Earnings Match Estimates

PHILADELPHIA, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal second quarter ended December 31, 2023. For the quarter, the Company reported net income of $42.7 million, or $0.85 earnings per diluted share.

Carpenter Technology Reports Second Quarter Fiscal Year 2024 Results

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The mean of analysts' price targets for Carpenter (CRS) points to a 27.1% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Believe Carpenter (CRS) Could Rally 27.12%: Here's is How to Trade

Carpenter Technology (CRS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

Why Carpenter Technology (CRS) Stock Might be a Great Pick

Carpenter Technology, IBD Stock Of The Day, is flying high as one of the surest ways to play a strong aerospace upcycle.

Aerospace And Defense Stock Carpenter Technology Is Up In 'Golden Goose Zone'

Carpenter Technology's (CRS) Q1 results reflect a solid end-use market performance.

Carpenter Technology (CRS) Earnings Beat Estimates in Q1

Carpenter Technology Corporation (NYSE:CRS ) Q1 2024 Earnings Conference Call October 26, 2023 10:00 AM ET Company Participants John Huyette - VP of IR and Corporate Development Tony Thene - President and CEO Timothy Lain - SVP and CFO Conference Call Participants Elizabeth Huseynov - TD Cowen Josh Sullivan - The Benchmark Company Chris Olin - Northcoast Research Michael Leshock - KeyBanc Capital Markets Operator Good day, and welcome to the Carpenter Technology Corporation First Quarter 2024 Fiscal Year Financial Results Conference Call. [Operator Instructions] Please note this event is being recorded.

Carpenter Technology Corporation (CRS) Q1 2024 Earnings Call Transcript

Carpenter Technology (CRS) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to loss of $0.14 per share a year ago.

Carpenter Technology (CRS) Q1 Earnings Surpass Estimates

PHILADELPHIA, Oct. 26, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal first quarter ended September 30, 2023. For the quarter, the Company reported net income of $43.9 million, or $0.88 earnings per diluted share.

Carpenter Technology Reports First Quarter Fiscal Year 2024 Results

Carpenter Technology's (CRS) first-quarter fiscal 2024 results are likely to reflect solid demand across end markets, offset by supply-chain challenges.

What's in Store for Carpenter Technology's (CRS) Q1 Earnings?

Carpenter Technology (CRS) is set to increase the base price of its Specialty Alloy portfolio by an average 7-12%.

Carpenter Technology (CRS) Raises Specialty Alloy Base Prices

PHILADELPHIA, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced today that it will increase base prices by an average of seven percent (7%) to twelve percent (12%) on new, non-contract orders across the majority of its premium products. The increases will be effective with new orders placed after October 8 2023. All applicable surcharges will remain in effect.

Carpenter Technology to Increase Base Prices on Specialty Alloy Portfolio

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Carpenter (CRS) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.

News for Carpenter Technology Stock (CRS)