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Carpenter Technology Corp (CRS)
:CRS
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
1.76Last Year’s EPS
1.19Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -0.53%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a strong financial performance with record profitability and margin expansion, leading to increased fiscal year guidance. However, the company faces some challenges, including sequential sales decline and specific customer-related issues, particularly with Boeing. Overall, the positive aspects outweigh the challenges.Company Guidance
During the Carpenter Technology's Second Quarter 2025 Earnings Conference Call, the company delivered robust financial results and provided updated guidance reflecting significant growth. They reported a total case incident rate of 1.1, highlighting ongoing improvements in safety performance. Operating income reached $119 million, marking a 70% increase compared to the same quarter in fiscal 2024, with the SAO segment achieving an adjusted operating margin of 28.3%. The company generated $38.6 million in adjusted free cash flow and raised their full fiscal year 2025 operating income guidance to a range of $500 million to $520 million. Sales for the quarter increased by 13% year-over-year despite a 5% sequential decline, attributed to strategic decisions regarding customer operations and holiday production schedules. The Aerospace and Defense market, accounting for 60% of net sales, continues to show strong demand, while the Medical segment, representing roughly 13% of net sales, remains robust. Looking forward, Carpenter Technology anticipates continued profitability growth and plans to provide further insights at an upcoming investor event.Record Second Quarter Performance
Generated $119 million in operating income, a 70% increase over the second quarter of fiscal year 2024. This marks the second most profitable quarter on record for the company.
SAO Segment Margin Expansion
SAO segment adjusted operating margins reached 28.3%, compared to 20% a year ago and 26.3% in the prior quarter, driven by productivity improvements, product mix optimization, and pricing actions.
Increased Fiscal Year Guidance
Operating income guidance for fiscal year 2025 raised to a range of $500 million to $520 million, indicating confidence in continued robust earnings growth.
Strong Free Cash Flow Generation
Generated $38.6 million in adjusted free cash flow during the quarter, contributing to a fiscal year target of $250 million to $300 million.
Continued Shareholder Returns
Continued returning cash to shareholders through a repurchase program, executing on $8.2 million of shares repurchased in the second quarter.
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CRS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CRS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $209.11 | $193.65 | -7.39% |
| Oct 24, 2024 | $156.60 | $154.22 | -1.52% |
| Jul 25, 2024 | $121.06 | $134.27 | +10.91% |
| May 01, 2024 | $85.39 | $97.97 | +14.73% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Carpenter Technology Corp (CRS) report earnings?
Carpenter Technology Corp (CRS) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is Carpenter Technology Corp (CRS) earnings time?
Carpenter Technology Corp (CRS) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CRS EPS forecast?
CRS EPS forecast for the fiscal quarter 2025 (Q3) is 1.76.
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