Carpenter Technology (CRS) Reports In-Line Q3 EPS

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Carpenter Technology Reports Third Quarter Results

April 26, 2016 7:01 AM EDT

Reported loss per share of $0.51; earnings per share of $0.30 excluding special items

Specialty Alloys Operations (SAO) margin of 14% versus 10% in prior year 

Margins supported by continued cost reduction efforts during the quarter

Free Cash Flow of $47 million

Repurchased $28 million of common stock  

WYOMISSING, Pa., April 26, 2016 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the Company) today announced financial results for the quarter ended March 31, 2016. The Company reported a net loss of $23.9 million or $0.51 per... More