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.

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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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Alpha Metallurgical Resources

Andersons

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Carpenter Technology Corporation is experiencing solid demand across its end markets. The company's revenue grew by 34.5% YoY in the fourth quarter of 2023, driven by double-digit sales growth across multiple end-use markets. Carpenter Technology Corporation's margin prospects look favorable, with benefits from increased sales, improved production efficiency, and a focus on high-margin businesses.

Carpenter Technology: Good Near-Term As Well As Long-Term Prospects At An Attractive Valuation

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Steel stock Carpenter Technology is trading slightly below a fresh buy point after trading tightly over the past few weeks.

This Steel Stock Forms Fresh Entry, Shows Signs Of Strong Demand

Carpenter Technology (CRS) benefits from strong demand across its end-use markets.

Why Should You Add Carpenter Technology (CRS) to Your Portfolio?

After reaching an important support level, Carpenter Technology (CRS) could be a good stock pick from a technical perspective. CRS surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

Carpenter Technology (CRS) Just Overtook the 20-Day Moving Average

Carpenter Technology's (CRS) fiscal 2023 earnings and revenues increase y/y.

Carpenter Technology (CRS) Earnings Beat Estimates in Q4

Carpenter Technology Corporation (NYSE:CRS ) Q4 2023 Earnings Conference Call July 27, 2023 10:00 AM ET Company Participants John Huyette - Vice President of Investor Relations & Corporate Development Tony Thene - President and Chief Executive Officer Timothy Lain - Senior Vice President and Chief Financial Officer Conference Call Participants Gautam Khanna - TD Cowen Josh Sullivan - The Benchmark Company Michael Leshock - KeyBanc Capital Markets Operator Good day, and welcome to the Carpenter Technology Corporation Fourth Quarter 2023 Conference Call. Today all participants will be in a listen-only mode.

Carpenter Technology Corporation (CRS) Q4 2023 Earnings Call Transcript

Carpenter Technology (CRS) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to break-even earnings per share a year ago.

Carpenter Technology (CRS) Q4 Earnings and Revenues Surpass Estimates

PHILADELPHIA, July 27, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal fourth quarter and year ended June 30, 2023. For the quarter, the Company reported net income of $38.4 million, or $0.78 earnings per diluted share.

Carpenter Technology Reports Fourth Quarter and Fiscal Year 2023 Results

Carpenter Technology (CRS) Benefits From Improved Demand

PHILADELPHIA, June 05, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced today that Colleen Pritchett has been appointed to the Company's Board of Directors, effective June 1, 2023.

Colleen Pritchett Joins Carpenter Technology's Board of Directors

Carpenter Technology's revenue should benefit from favorable demand and robust backlog levels in the coming quarters. Strong pricing and improving productivity should help in margin expansion in the coming quarters.

Carpenter Technology Is A Good Buy At The Current Levels

Carpenter Technology (CRS) highlights its strategic priorities to accelerate growth, profitability and cash flow generation.

Carpenter Technology (CRS) Gives Long-term Outlook, Shares Rise

Accelerating growth, profitability and cash flow generation Goal to double operating income from fiscal 2019 levels by fiscal year 2027 PHILADELPHIA, May 16, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) will hold an investor event today covering the company's strategic priorities and financial goals. The presentation will also be broadcast live via webcast.

Carpenter Technology Highlights Strategic Priorities and Long-Term Financial Goals at Investor Day

Carpenter Technology Corporation (CRS) Q3 2023 Earnings Call Transcript.

Carpenter Technology Corporation (CRS) Q3 2023 Earnings Call Transcript

Carpenter Technology (CRS) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to loss of $0.20 per share a year ago.

Carpenter Technology (CRS) Q3 Earnings and Revenues Top Estimates

Third Quarter Highlights Reported earnings per share of $0.38 improved from loss per share of $0.16 in prior year period Net sales excluding surcharge up 17% sequentially and up 33% year-over-year Backlog up 10% sequentially and up 70% year-over-year PHILADELPHIA, April 27, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal third quarter ended March 31, 2023. For the quarter, the Company reported net income of $18.6 million, or $0.38 earnings per diluted share.

Carpenter Technology Reports Third Quarter Fiscal Year 2023 Results

PHILADELPHIA, April 17, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced the successful completion of a $350 million syndicated credit facility (the “Credit Facility”) by amending and restating the Company's existing Credit Agreement, which had been set to expire on March 31, 2024. The new Credit Facility extends the maturity to April 12, 2028.

Carpenter Technology Extends and Amends Credit Facility

Carpenter delivered strong top-line results in its December quarter, with double-digit improvements in volume and prices, helped by strong demand in the aerospace market and broad-based strength elsewhere. Margins are taking a near-term hit from intensified training efforts, but this seems like a worthwhile endeavor as executing efficiently on growing demand is critical to maximizing this cyclical upswing.

Strong End-Markets Driving Better Results At Carpenter Technology

Carpenter Technology's (CRS) second-quarter 2023 earnings improve year over year on robust demand in its end-use markets.

Carpenter Technology (CRS) Earnings Beat Estimates in Q2

Carpenter Technology Corporation (NYSE:CRS ) Q2 2023 Earnings Conference Call January 26, 2023 10:00 AM ET Company Participants Brad Edwards - IR Tony Thene - President and CEO Timothy Lain - SVP and CFO Conference Call Participants Gautam Khanna - Cowen Joshua Sullivan - The Benchmark Company Operator Good morning, and welcome to the Carpenter Technology Corporation Second Quarter 2023 Conference Call. All participants will be in listen-only mode.

Carpenter Technology Corporation (CRS) Q2 2023 Earnings Call Transcript

Carpenter (CRS) delivered earnings and revenue surprises of 8.33% and 6.26%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Carpenter Technology (CRS) Q2 Earnings and Revenues Top Estimates

Carpenter Technology Reports Second Quarter Fiscal Year 2023 Results

Carpenter saw some sequential business disruptions, but core underlying aerospace demand remains strong, and Carpenter is well-leveraged to key areas like engines. Production is likely to be "consistently inconsistent" through mid-2023 as aerospace OEMs try to sort out erratic component availability from major suppliers.

News for Carpenter Technology Stock (CRS)