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0.000479846449136295 7.99744081894203E-05 0.00167946257197692 0.00175943698016634 -0.00391874600127955 0.00583813179782473 0.0170345489443378 0.0230326295585412
Stock impact report

Carpenter Technology (CRS) Q2 Earnings In Line With Estimates [Yahoo! Finance]

Carpenter Technology Corporation (CRS) 
Last carpenter technology corporation earnings: 4/30 08:00 am Check Earnings Report
US:NYSE Investor Relations: ir.cartech.com
Company Research Source: Yahoo! Finance
It had posted adjusted earnings of 13 cents in the year-ago quarter. Net sales increased 7.8% year over year to $624 million in the reported quarter. The upside was driven by a 3% year-over-year increase in shipment volume and the ongoing solid demand in most of the company's end-use markets. However, the figure missed the Zacks Consensus Estimate of $670 million. CRS witnessed a year-over-year revenue increase of 23.1%, 62.8%, 16.4% and 2% in the Aerospace and Defense, Energy, Medical and Industrial and Consumer end-use markets, respectively. Revenues in the Distribution markets decreased 25.3%. The Transportation end-use market's revenues fell 1.8%. Operational Results The cost of goods sold in second-quarter fiscal 2024 fell 1.5% year over year to $502 million. The gross profit surged 75.1% year over year to $123 million. The operating income in the reported quarter was $69.8 million compared with the prior-year quarter's $22.6 million. Carpenter Technology Corporation Pr Show less Read more
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