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) reported Q4 fiscal 2022 results, achieving net income of $2.6 million or $0.05 per diluted share, reversing from a loss of $57.1 million in the previous year. Adjusted earnings per share stood at $0.00, compared to a loss of $0.28.
Significantly, backlog surged 29% sequentially and 191% year-over-year, with net sales reaching $563.8 million, a 34% increase from last year. The company generated $106.9 million in operating cash flow and $64.6 million in free cash flow, marking a positive outlook for fiscal 2023 amid strong demand in Aerospace and Medical sectors.
Carpenter Technology Corporation (NYSE: CRS) will host a conference call and webcast on July 28, 2022, at 10:00 a.m. ET to discuss its fourth quarter fiscal 2022 results, which end on June 30, 2022. Financial results will be released before the market opens on the same day. The call can be accessed by phone at +1 412-317-9259 or via a webcast at the investor relations website. Carpenter Technology specializes in high-performance specialty alloys for various sectors, including aerospace and medical.
Carpenter Technology Corporation (NYSE: CRS) announced a price increase of 12% to 15% on new, non-contract orders for its premium products, effective from July 5, 2022. The company retains all applicable surcharges. Carpenter Technology is a leader in specialty alloys for various sectors, including aerospace, defense, and energy. Founded in 1889, it focuses on high-performance materials, including titanium and nickel alloys. For more details on the company's offerings, visit carpentertechnology.com.
Carpenter Technology Corporation (NYSE: CRS) reported a Q3 FY2022 net loss of $7.5 million, or $0.16 per diluted share. Adjusted loss per diluted share was $0.20. Despite this, net sales rose to $489.0 million, a 39% increase year-over-year, driven by a 32% increase in shipment volume. The company saw a significant backlog growth of 34% sequentially and 164% year-over-year. Operating income improved to $1.1 million from a loss of $40.0 million last year. Cash provided from operating activities increased to $35.3 million, indicating improved liquidity.
Carpenter Technology Corporation (NYSE: CRS) has declared a quarterly cash dividend of $0.20 per share of common stock. This dividend will be payable on June 2, 2022, to shareholders on record as of May 3, 2022. The ex-dividend date is May 2, 2022.
Carpenter Technology is a leader in specialty alloy materials for critical applications across various sectors, including aerospace and defense. Founded in 1889, the company continues to innovate in premium specialty alloys and additive manufacturing solutions.
Carpenter Technology Corporation (NYSE: CRS) announced the immediate appointment of Kathy Hopinkah Hannan to its Board of Directors. With over 30 years at KPMG, where she held significant leadership positions, Hannan's expertise spans diversity, corporate responsibility, and human resources. She currently serves on the boards of Otis Worldwide Corporation and Annaly Capital Management. Her academic credentials include a bachelor's degree in Accounting and a PhD in Leadership/Ethics. The company's chairman expressed confidence in Hannan's ability to contribute to Carpenter Technology's growth.
Carpenter Technology Corporation (NYSE: CRS) will host a conference call and webcast on April 28, 2022, at 10:00 a.m. ET to discuss its third quarter fiscal 2022 results, which end on March 31, 2022. The financial results will be released prior to the market opening on the same day. Interested participants can join the live call at +1 412-317-9259 or tune in to the webcast available on the company's investor relations site.
Founded in 1889, Carpenter Technology is a leader in specialized alloy materials for critical sectors like aerospace, defense, and medical applications.
Carpenter Technology Corporation (NYSE: CRS) announced a price increase of 12% to 15% on new, non-contract orders for its specialty alloy products, effective for orders placed after March 22, 2022. This decision underscores Carpenter Technology's response to rising costs and market demands while maintaining existing surcharges. The company is recognized for its high-performance specialty alloy materials used in various critical applications, including aerospace and defense.
Carpenter Technology Corporation (NYSE: CRS) has priced an offering of $300 million in 7.625% senior unsecured notes due 2030. The notes will close on March 16, 2022, subject to customary conditions. Net proceeds will be used to redeem the company's 4.450% senior notes due 2023. J.P. Morgan Securities LLC acts as the lead book-running manager. This offering is made under an effective shelf registration with the SEC and is not an offer or solicitation for the notes.
Carpenter Technology Corporation (NYSE: CRS) has initiated an underwritten public offering of senior notes to repay its 4.450% senior notes due 2023. The offering is subject to market conditions, with J.P. Morgan Securities LLC acting as the lead book-running manager. This offering will utilize an automatically effective shelf registration statement filed with the SEC, and additional details will be available through the preliminary prospectus. The offering does not constitute an offer to sell or solicit buying of the notes in any jurisdiction where such actions are unlawful.