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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
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-3.03%
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-1.73%
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management
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Rhea-AI Summary
Carpenter Technology Corporation aims to double its operating income by fiscal year 2027, driven by higher prices, improved product mix, and increased volumes. The company expects the Specialty Alloys Operations segment to achieve adjusted operating income margins of over 20% on net sales of $2.2 billion to $2.4 billion in fiscal year 2027. The Performance Engineered Products segment is projected to reach adjusted operating income margins of 13-15% on net sales of $570 million to $610 million. Carpenter Technology also anticipates generating $400-600 million in cumulative adjusted free cash flow between fiscal year 2024 and fiscal year 2027.
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-8.42%
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11.8%
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earnings
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0.65%
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-1.08%
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dividends
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2.4%
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3.57%
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conferences
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5.78%
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earnings
Carpenter Technology Corp.

NYSE:CRS

CRS Rankings

CRS Stock Data

3.53B
48.23M
2.39%
94.61%
2.43%
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