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Carpenter Technology (CRS)
NYSE:CRS
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
$1.62Last Year’s EPS
$0.85Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 24, 2024
|% Change Since: 11.89%
|Next Earnings Date:Jan 30, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted record earnings, strong segment performance, and strategic initiatives like share repurchases, indicating a positive outlook despite some challenges such as sequential sales decline and additive segment demand pushouts.Company Guidance
During the Carpenter Technology earnings call for the fiscal first quarter of 2025, the company provided a positive outlook with several key metrics highlighted. The company reported a record-breaking first quarter with $117 million in adjusted operating income, marking a 70% increase over the previous year's first quarter. The SAO segment delivered $134.5 million in operating income with an adjusted operating margin of 26.3%, up from 19.4% the year before. Sales increased 17% year-over-year, although they decreased 9% sequentially due to planned maintenance. Carpenter Technology's aerospace and defense sales rose by 34% year-over-year, while medical and energy end-use markets also showed robust growth. The company generated $13.3 million in adjusted free cash flow and repurchased $32 million in shares. Looking ahead, the company increased its guidance to the high end of the $460 million to $500 million range for fiscal year 2025, driven by strong market demand and operational improvements.Record First Quarter Earnings
Achieved $117 million in adjusted operating income, marking the most profitable first quarter on record, with a 70% increase over the previous year's record first quarter.
Strong SAO Segment Performance
SAO segment delivered $134.5 million in operating income with an adjusted operating margin of 26.3%, up from 19.4% in the previous year.
Positive Adjusted Free Cash Flow
Generated $13.3 million of adjusted free cash flow during the quarter with $40.2 million of cash from operations.
Share Repurchase Program Initiation
Repurchased $32 million in shares as part of a $400 million share repurchase program.
Energy Market Growth
Energy sales increased 8% sequentially and 35% year-over-year, driven by high demand, particularly in power generation.
Increased Fiscal Year 2025 Guidance
Guidance increased to the high end of the $460 million to $500 million range, with potential to exceed $500 million.
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CRS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $156.76 | $154.37 | -1.52% |
| Jul 25, 2024 | $121.18 | $134.40 | +10.91% |
| May 01, 2024 | $85.47 | $98.07 | +14.74% |
| Jan 25, 2024 | $65.47 | $61.32 | -6.34% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carpenter Technology (CRS) report earnings?
Carpenter Technology (CRS) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Carpenter Technology (CRS) earnings time?
Carpenter Technology (CRS) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRS EPS forecast?
CRS EPS forecast for the fiscal quarter 2025 (Q2) is $1.62.
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