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 (CRS) is a global leader in premium specialty alloys and engineered materials for critical applications across aerospace, defense, energy, and medical industries. This dedicated news hub provides investors and industry professionals with comprehensive access to CRS's latest developments.
Track official press releases, financial announcements, and operational updates in one centralized location. Key coverage includes quarterly earnings, advanced material innovations, strategic partnerships, and manufacturing advancements. Our curated feed ensures timely access to CRS's progress in powder metallurgy, alloy development, and global supply chain initiatives.
Bookmark this page for direct access to Carpenter Technology's verified corporate communications, including regulatory filings and leadership updates. For stakeholders monitoring specialty metals markets, this resource offers essential insights into CRS's role in high-performance materials engineering.
Carpenter Technology (NYSE: CRS) reported record financial results for Q3 FY2025, with operating income of $137.8 million and earnings per diluted share of $1.88. The company's Specialty Alloys Operations (SAO) segment achieved an adjusted operating margin of 29.1%, up from 21.4% year-over-year, marking thirteen consecutive quarters of margin growth.
Net sales reached $727.0 million, a 6% increase from Q3 FY2024, despite a 7% decrease in shipment volume. The company generated $74.2 million in operating cash flow and executed $37.5 million in share repurchases under its $400.0 million repurchase program.
Looking ahead, Carpenter has raised its FY2025 operating income guidance to $520-527 million and projects $250-300 million in adjusted free cash flow. The company aims to reach $765-800 million in operating income by FY2027, representing approximately 25% CAGR over two years.
Carpenter Technology (NYSE: CRS) has announced its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock. The dividend will be payable on June 5, 2025, to shareholders of record on April 22, 2025.
Carpenter Technology, established in 1889, is a leader in high-performance specialty alloy materials and process solutions, specializing in nickel, cobalt, and titanium. The company serves critical applications in the aerospace, defense, and medical markets.
Carpenter Technology (NYSE: CRS) has announced its upcoming third quarter fiscal 2025 financial results conference call and webcast, scheduled for Thursday, April 24, 2025, at 10:00 a.m. ET. The company will release its Q3 FY2025 financial results, covering the period ended March 31, 2025, before the market opens on the same day.
Founded in 1889, Carpenter Technology is a leading manufacturer of high-performance specialty alloy materials, including nickel, cobalt, and titanium, serving critical applications across aerospace, defense, medical, transportation, energy, and industrial markets. The company provides innovative material process solutions to address customer challenges.
Carpenter Technology (NYSE: CRS) has appointed Julie A. Beck to its Board of Directors, effective February 20, 2025, expanding the board to 12 members with 11 independent directors. Beck brings extensive financial leadership experience from major manufacturing companies, most recently serving as Senior Vice President and CFO of Terex , a global manufacturer of materials processing machinery.
Beck's previous roles include CFO positions at NOVA Chemicals and Joy Global's Mining Machinery subsidiary, where she also served as Global VP of Supply Chain, Operational Excellence, and Quality. She has significant board experience, having served on audit committees for several public companies and nonprofit boards. The appointment aims to leverage her manufacturing expertise and financial acumen to support Carpenter Technology's growth strategy and shareholder returns.
Carpenter Technology (NYSE: CRS) reported strong financial results for Q2 FY2025, with record second-quarter operating income of $118.9 million, up 70% year-over-year. The company achieved earnings per diluted share of $1.66 and generated $67.9 million in operating cash flow.
The Specialty Alloys Operations segment delivered impressive performance with $135.6 million in operating income and an adjusted operating margin of 28.3%, up from 20.0% in the previous year. The company executed $8.2 million in share repurchases against a $400.0 million authorization.
Looking ahead, Carpenter has increased its FY2025 outlook, projecting operating income between $500-520 million and adjusted free cash flow of $250-300 million. The company will host a virtual Investor Update Event on February 18, 2025, to discuss future growth prospects and market demand trends.
Carpenter Technology (NYSE: CRS) has announced its Board of Directors' declaration of a quarterly cash dividend of $0.20 per share of common stock. The dividend will be payable on March 6, 2025, to shareholders of record as of January 28, 2025.
Carpenter Technology, established in 1889, is a leading manufacturer of high-performance specialty alloy-based materials and process solutions. The company specializes in premium specialty alloys, including titanium, nickel, and cobalt, along with materials engineered for additive manufacturing processes and soft magnetics applications. Their products serve critical applications across various sectors, including aerospace, defense, medical, transportation, energy, industrial, and consumer electronics markets.
Carpenter Technology (NYSE: CRS) has announced a conference call and webcast scheduled for Thursday, January 30, 2025, at 10:00 a.m. ET. The event will discuss the company's second quarter fiscal 2025 operational results for the period ended December 31, 2024.
The financial results will be released before market opening on the same day. Interested parties can access the live call at +1 412-317-9259, while both live and archived versions of the webcast will be available at ir.carpentertechnology.com.
Carpenter Technology, established in 1889, is a leading manufacturer of high-performance specialty alloy materials, including nickel, cobalt, and titanium, serving critical applications across aerospace, defense, medical, transportation, energy, and industrial sectors.
Carpenter Technology (NYSE: CRS) reported strong first quarter fiscal 2025 results with record operating income of $113.6 million and earnings per share of $1.67. The company's adjusted operating income reached $117.2 million, up 70% year-over-year. The Specialty Alloys Operations segment delivered exceptional performance with operating income of $134.5 million, up 66% year-over-year, and improved operating margin of 26.3%. Net sales were $717.6 million, a 10% increase from the previous year. The company executed $32.1 million in share repurchases and expects full-year operating income to be at the high end of $460-500 million range, with projected adjusted free cash flow of $250-300 million.
Carpenter Technology (NYSE: CRS) has announced the appointment of Howard Yu to its Board of Directors, effective October 9, 2024. Yu brings over 25 years of financial leadership experience in multinational organizations. He currently serves as Executive Vice President and Chief Financial Officer at Ball , a supplier of sustainable aluminum packaging solutions.
Prior to his current role, Yu was Senior Vice President and CFO at Envista, a global company spun off from Danaher. During his 22-year career with Danaher and Envista, Yu held CFO positions for multiple global divisions, leading successful M&A and systems transformations across varied economic environments. He previously worked in finance at Hewlett-Packard and as Senior Auditor at Deloitte.
Martin Inglis, Chairman of Carpenter Technology's Board, expressed confidence that Yu's extensive leadership experience and financial acumen will significantly benefit the company as it accelerates growth and delivers shareholder returns.
Carpenter Technology (NYSE: CRS) has announced a quarterly cash dividend of $0.20 per share of common stock. The dividend will be payable on December 5, 2024, to shareholders of record on October 22, 2024. Carpenter Technology, founded in 1889, is a leader in high-performance specialty alloy-based materials and process solutions for critical applications across various industries including aerospace, defense, medical, transportation, energy, industrial, and consumer electronics. The company specializes in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys engineered for additive manufacturing processes and soft magnetics applications.
