Welcome to our dedicated page for Carpenter Technology news (Ticker: CRS), a resource for investors and traders seeking the latest updates and insights on Carpenter Technology stock.
Carpenter Technology Corporation (NYSE: CRS) is a manufacturer of high-performance specialty alloy materials and process solutions serving aerospace and defense, medical, transportation, energy, and industrial and consumer markets. This news page aggregates company-specific announcements, press releases and market updates related to CRS.
According to its public statements, Carpenter Technology focuses on premium specialty alloys, including nickel, cobalt, and titanium, for critical applications. News about the company often covers developments tied to these end-use markets, such as demand trends in aerospace and defense or activity in medical and energy applications.
Investors and analysts following CRS can use this news feed to review topics the company highlights in its communications. Recent releases have included information on quarterly and annual financial results, operating income trends, and conference calls and webcasts scheduled to discuss results. The company also issues news on quarterly cash dividends declared by its Board of Directors and share repurchase activity under its authorized program.
Carpenter Technology’s capital markets activity is another recurring theme in its news. The company has announced offerings and pricing of senior notes due 2034 and related changes to its credit facilities, including increased revolving commitments and amended terms. These items appear in both press releases and corresponding Form 8-K filings.
In addition, Carpenter Technology publishes updates on corporate governance and classification matters, such as changes in board leadership roles and its reclassification under the Global Industry Classification Standard (GICS) to an Aerospace & Defense designation. Users interested in CRS can review this page regularly to see the sequence of official announcements that shape the company’s public narrative and provide context for its stock.
Carpenter Technology Corporation (NYSE: CRS) is set to hold a conference call and webcast on April 27, 2023, at 10:00 a.m. ET to discuss its third quarter fiscal 2023 results, which will be announced before market open on the same day. Carpenter Technology is a leader in specialty alloy-based materials for various critical applications, including aerospace and medical sectors. The company focuses on premium specialty alloys such as titanium and nickel, as well as additive manufacturing solutions. The call will provide insights into the company's financial performance and strategic directions.
Carpenter Technology Corporation (NYSE: CRS) reported its fiscal Q2 2023 results, showing a net income of $6.2 million or $0.13 EPS, a significant turnaround from a loss of $0.61 per share the previous year. Net sales surged 46% year-over-year to $579.1 million, powered by a 17% rise in shipment volume. The Specialty Alloys Operations segment contributed operating income of $30.3 million, fueled by demand in aerospace. Despite negative free cash flow of $113.7 million, liquidity stood at $237 million. The company expressed confidence in growth, anticipating increased sales momentum and improved margins.
Carpenter Technology Corporation (NYSE: CRS) announced a quarterly cash dividend of $0.20 per share, set to be paid on March 2, 2023, to shareholders of record by January 31, 2023. The ex-dividend date is January 30, 2023. Carpenter Technology specializes in high-performance specialty alloy-based materials, serving sectors such as aerospace, defense, and medical. Established in 1889, the company has made significant advancements in premium specialty alloys and additive manufacturing solutions, aiming to enhance materials innovation and streamline production processes.
Carpenter Technology Corporation (NYSE: CRS) will host a conference call and webcast on January 26, 2023, at 10:00 a.m. ET to discuss its second quarter fiscal 2023 results ending December 31, 2022. The financial results will be released before the market opens on the same day. Interested parties can join the live call at +1 412-317-9259, or access the webcast at ir.carpentertechnology.com. Carpenter Technology focuses on high-performance specialty alloy-based materials across various industries.
Carpenter Technology Corporation (NYSE: CRS) announced a price increase effective November 15, 2022, raising base prices by 7% to 12% on new non-contract orders for most of its premium products. This decision aims to offset rising costs associated with production and supply chain dynamics. The company, established in 1889, specializes in high-performance specialty alloy materials for various sectors including aerospace and medical. All applicable surcharges will remain in place alongside the price adjustments.
Carpenter Technology Corporation (NYSE: CRS) reported its Q1 fiscal 2023 results, showing a 10% sequential and 155% year-over-year increase in backlog. Net sales rose 35% year-over-year to $522.9 million, driven by strong demand, particularly in the Aerospace and Defense sectors. However, the company experienced a net loss of $6.9 million, translating to a loss of $0.14 per share, an improvement from a loss of $0.31 in the previous year. The operating income was positive at $8.3 million, reflecting improved market conditions and operational efficiency.
Carpenter Technology Corporation (NYSE: CRS) has declared a quarterly cash dividend of $0.20 per share, payable on December 1, 2022, to shareholders of record on October 25, 2022. The ex-dividend date is set for October 24, 2022. This dividend signifies the company's commitment to returning value to its shareholders.
Founded in 1889, Carpenter Technology specializes in high-performance specialty alloy-based materials, serving critical sectors including aerospace and medical. The company has made significant strides in additive manufacturing to enhance its product offerings.
Carpenter Technology Corporation (NYSE: CRS) reaffirmed its outlook for fiscal year 2023 and assessed the impact of Hurricane Ian on its Q1 2023 results. The company aims to achieve operating income at fiscal 2019 levels by Q4 2023. The Specialty Alloy Operations (SAO) segment is expected to report operating income between $19.5 million and $20.0 million, while the Performance Engineered Products (PEP) segment's operating income is forecasted at $6.0 million to $6.5 million due to delayed shipments. EPS for Q1 2023 is anticipated to range from ($0.16) to ($0.14).
Carpenter Technology Corporation (NYSE: CRS) will host a conference call on October 27, 2022, at 10:00 a.m. ET to discuss its first-quarter fiscal 2023 results, covering the period ending September 30, 2022. The financial results will be released before the market opens on the same day. Investors can join the live call at +1 412-317-9259 or access the webcast at ir.carpentertechnology.com. Carpenter Technology specializes in high-performance specialty alloy materials and innovative solutions for various industries including aerospace, defense, and energy.
Carpenter Technology Corporation (NYSE: CRS) has declared a quarterly cash dividend of $0.20 per share, payable on September 1, 2022, to shareholders of record as of August 23, 2022. The ex-dividend date is set for August 22, 2022. Carpenter Technology specializes in high-performance specialty alloys and offers solutions for critical sectors, including aerospace and defense. The company has expanded its capabilities in additive manufacturing to support innovation and production.