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Carpenter Technology Corp. - CRS STOCK NEWS

Welcome to our dedicated news page for Carpenter Technology (Ticker: CRS), a resource for investors and traders seeking the latest updates and insights on Carpenter Technology.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Carpenter Technology's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Carpenter Technology's position in the market.

Rhea-AI Summary
Carpenter Technology (CRS) has declared a quarterly cash dividend of $0.20 per share of common stock, payable on June 6, 2024, to shareholders of record on April 23, 2024. The ex-dividend date is April 22, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.1%
Tags
dividends
-
Rhea-AI Summary
Carpenter Technology (CRS) will host a conference call and webcast on May 1, 2024, to discuss the third quarter fiscal 2024 financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.27%
Tags
none
-
Rhea-AI Summary
Carpenter Technology Corporation (CRS) reported net income of $42.7 million and earnings per diluted share of $0.85 for the fiscal second quarter ended December 31, 2023. The company achieved operating income of $69.8 million, up from $69.0 million in the previous quarter, and exceeded expectations in the Specialty Alloys Operations segment, reaching an adjusted operating margin of 20.0 percent. The company is projecting $310 million to $330 million in total operating income for fiscal year 2024, aiming to double its fiscal year 2019 operating income by fiscal year 2027. Net sales for the second quarter of fiscal year 2024 were $624.2 million, reflecting an 8 percent increase from the same period a year ago, while operating income was $69.8 million compared to $22.6 million in the prior year period.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.33%
Tags
Rhea-AI Summary
Carpenter Technology Corporation (CRS) has declared a quarterly cash dividend of $0.20 per share of common stock, payable on March 7, 2024, to shareholders of record on January 30, 2024. The ex-dividend date is January 29, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
dividends
-
Rhea-AI Summary
Carpenter Technology Corporation (CRS) to host conference call and webcast to discuss second quarter fiscal 2024 financial results on January 25, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2%
Tags
none
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Rhea-AI Summary
Carpenter Technology Corporation (CRS) appoints Brian Malloy as Senior Vice President and Chief Operating Officer, expanding his role to oversee Specialty Alloys Operations and Performance Engineered Products. Mr. Malloy's leadership and experience are expected to drive the organization's progress towards financial targets. David Graf, Vice President and Group President of the PEP business segment, will be leaving the Company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.82%
Tags
none
Rhea-AI Summary
Carpenter Technology Corporation reports financial results for Q1 FY2024, exceeding expectations with earnings per diluted share of $0.88. Operating income reached $69.0 million, up from $62.9 million in the previous quarter. Specialty Alloys Operations segment achieved operating income of $80.8 million, with an adjusted operating margin of 19.4 percent. The company expects operating income for Q2 to be in line with Q1, projecting a 28-35 percent increase in operating income for the second half of FY2024 compared to the first half.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.68%
Tags
-
Rhea-AI Summary
Carpenter Technology Corporation declares quarterly cash dividend
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.86%
Tags
dividends
-
Rhea-AI Summary
Carpenter Technology Corporation announces price increase on premium products
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.08%
Tags
none
Rhea-AI Summary
Carpenter Technology Corporation to host conference call and webcast to discuss first quarter fiscal year 2024 results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.14%
Tags
none
Carpenter Technology Corp.

NYSE:CRS

CRS Rankings

CRS Stock Data

3.83B
48.23M
2.39%
94.03%
2.19%
Iron and Steel Mills and Ferroalloy Manufacturing
Manufacturing
Link
US
Philadelphia

About CRS

with locations in north america, europe and asia, carpenter technology corporation is a global developer, manufacturer and distributor of a variety of specialty loose powder metallurgy and cast/wrought alloys in long product form. products include titanium alloys, high-strength steels, superior corrosion-resistant alloys, nickel-based alloys and superalloys, magnetic, controlled expansion and electronic alloys, stainless and specialty steels, and tool and die steels. carpenter acquired latrobe specialty metals company, latrobe, pa., in february 2012. our talented team of technical, production and delivery experts provide innovative materials solutions to the ever-changing needs of the automotive, aerospace, power gen, oil & gas, industrial, medical, defense and consumer products industries. iso9001:2008