Carpenter Technology Corporation (CRS) Releases Earnings Results, Reports EPS of $0.35 EPS

Carpenter Technology Corporation (CRS) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.35 EPS for the quarter. Analysts had a consensus estimate of $0.35. The company posted revenue of $457.70 million in the period, compared to analysts expectations of $454.00 million. The company’s revenue was down -18.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.52 EPS.

Carpenter Technology Corporation closed down -0.1 points or -0.25% at $39.34 with 3,24,774 shares getting traded on Thursday. Post opening the session at $39.68, the shares hit an intraday low of $38.48 and an intraday high of $39.8989 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Carpenter Technology Corporation is engaged in the manufacture fabrication and distribution of specialty metals. It develops manufactures and distributes cast/wrought and powder metal stainless steels and special alloys used in the oil and gas industry. It provides material solutions to the changing needs of the aerospace and defense energy transportation medical and industrial and consumer industries. The Company operates in two segments: Specialty Alloys Operations (SAO) comprises company’s alloy and stainless steel manufacturing operations and Performance Engineered Products (PEP) comprises company’s differentiated operations which include Dynamet titanium business Carpenter Powder Products business Amega West business Specialty Steel Supply business and Latrobe and Mexico distribution businesses. Its product line includes Special alloys Stainless steels Titanium products Powder metals and Alloy and tool steel.

Carpenter Technology Corporation

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