CRS - Carpenter Technology Non-GAAP EPS of $0.78 beats by $0.12 revenue of $758.1M beats by $15.03M

2023-07-27 08:03:27 ET

• Carpenter Technology press release ( NYSE: CRS ): Q4 Non-GAAP EPS of $0.78 beats by $0.12 .
• Revenue of $758.1M (+34.5% Y/Y) beats by $15.03M .
• First Quarter Fiscal Year 2024 Outlook:
• Expect operating income to be in the range of $61 million to $67 million, in line with previous guidance Expectations would exceed the operating income in the first quarter of fiscal year 2020, our most profitable first quarter in recent history, and be above the historical trend of a sequential seasonal decline in profits
• With a strong first quarter, well positioned in fiscal year 2024 to take a meaningful step towards our long-term goal of doubling fiscal year 2019 operating income by fiscal year 2027
• Exceeding targeted productivity gains could accelerate earnings growth in fiscal year 2024 versus current projections

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