Here's Why This Aerospace Supplier Surged This Week [Yahoo! Finance]
Carpenter Technology Corporation (CRS)
Last carpenter technology corporation earnings: 4/30 08:00 am
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ir.cartech.com
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Source: Yahoo! Finance
The company's stellar third-quarter 2024 earnings served notice that the aerospace supplier is ahead of its medium-term aims. Carpenter Technology's third-quarter earnings CEO Tony Thene made investors' and my life a lot easier by summarizing the key takeaways from the company's earnings: "Beat our guidance for the third quarter" -- adjusted operating income of $90 million compared to guidance of $74 million to $79 million. "Increased our guidance for the fourth quarter" -- fourth-quarter guidance adjusted operating profit now $110 million to $115 million compared to $97 million to $112 million previously. "Meaningful" cash flow in the third quarter -- adjusted free cash flow (FCF) of $61.9 million compared to an outflow of $10.7 million in the previous quarter. "We are pulling forward our FY '27 guidance by one year at this time" -- management now expects to hit $460 million to $500 million in adjusted operating profit in 2026, a year ahead of the previous 2027 target.
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News
- Is Carpenter Technology (CRS) Stock Outpacing Its Basic Materials Peers This Year? [Yahoo! Finance]Yahoo! Finance
- 3 Industrial Stocks to Buy at a Discount [Yahoo! Finance]Yahoo! Finance
- SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Carpenter Technology Corp. (CRS) and Encourages Investors to Contact the FirmAccesswire
- Carpenter Technology Co. (NYSE: CRS) had its price target raised by analysts at Benchmark Co. from $100.00 to $140.00. They now have a "buy" rating on the stock.MarketBeat
- Carpenter Technology (CRS) is a Great Momentum Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
CRS
Earnings
- 5/1/24 - Beat
CRS
Sec Filings
- 5/16/24 - Form 4
- 5/15/24 - Form 144
- 5/10/24 - Form 4
- CRS's page on the SEC website