CRS News and Press, Carpenter Technology Corporation From 11/10/22

Summary 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 err...

Summary Universal Stainless came up short in the third quarter, as internal issues drove weaker volumes and the company saw weaker operating leverage and some input cost mismatches. The commercial aerospace market is recovering, but the recovery has been erratic as OEMs contend wi...

Start Time: 10:00 End Time: 10:33 Carpenter Technology Corporation (CRS) Q1 2023 Earnings Conference Call October 27, 2022, 10:00 AM ET Company Participants Tony Thene - President and CEO Timothy Lain - SVP and CFO Brad Edwards - IR Conference Call ...

The following slide deck was published by Carpenter Technology Corporation in conjunction with their 2023 Q1 earnings call. For further details see: Carpenter Technology Corporation 2023 Q1 - Results - Earnings Call Presentation

Carpenter Technology press release ( NYSE: CRS ): Q1 Non-GAAP EPS of -$0.14 in-line. Revenue of $522.9M (+34.9% Y/Y) beats by $9.1M . Backlog up 10% sequentially and 155% Y/Y. “Looking ahead, as we have stated before, we expect to deliver operating incom...

First Quarter Highlights Backlog up 10% sequentially and 155% year-over-year Net sales up 35% year-over-year; net sales excluding surcharge up 20% year-over-year Earnings per share of ( $0.14) improved from earnings per share of ( $0.31) in pr...

Carpenter Technology ( NYSE: CRS ) is scheduled to announce FQ1 earnings results on Thursday, October 27th, before market open. The consensus EPS Estimate is -$0.14 (+50.0% Y/Y) and the consensus Revenue Estimate is $513.8M (+32.6% Y/Y). Over the last 2 years, CRS ha...

Carpenter Technology ( NYSE: CRS ) currently expects EPS for Q1 2023 to be in the range of ($0.16) to ($0.14) vs. consensus of -$0.03 , which is within the range of previous guidance. Specialty Alloy Operations segment, operating income for Q1 is expected to be between...

PHILADELPHIA, Oct. 13, 2022 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today reaffirmed its outlook for fiscal year 2023 results and provided an update on the impact of Hurricane Ian on its first quarter of fiscal year 2023 results. ...

Carpenter Technology ( NYSE: CRS ) upgraded to outperform from market perform with a $45 price target by Cowen analyst Gautam Khanna. Analyst elaborates that recent pullback in the shares provides an attractive entry point, sees accelerating earnings gains and a "catalyst-...