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Stock impact report

Carpenter Technology Reports Second Quarter Fiscal Year 2024 Results [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
Achieved operating income of $69.8 million, up from $69.0 million in the previous quarter, completing the second most profitable first half on record Exceeded expectations in Specialty Alloys Operations (“SAO”) segment with operating income of $83.3 million, up from $80.8 million in the previous quarter Reached adjusted operating margin of 20.0 percent in the SAO segment, up from 19.4 percent in the previous quarter Generated $14.6 million of cash from operating activities “In the second quarter of fiscal year 2024 we delivered another strong performance, generating $69.8 million of operating income,” said Tony R. Thene, President and CEO of Carpenter Technology. “Looking ahead, we are projecting $171 million to $191 million in operating income in the second half of fiscal year 2024. This would result in the most profitable year on record with $310 million to $330 million of operating income.” “Further, our fiscal year 2024 projection would be a meaningful step towards our Show less Read more
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