Carpenter Technology (CRS) Tops Q2 EPS by 9c

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Carpenter Technology Reports Second Quarter Fiscal Year 2017 Results

February 2, 2017 7:31 AM EST

Strong Sequential Earnings Improvement

Carpenter Operating Model Delivers Cost Savings and Increased Productivity

Earnings Per Share of $0.15

PHILADELPHIA, Feb. 02, 2017 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the Company) today announced financial results for the quarter ended December 31, 2016.  The Company reported net income of $7.0 million or $0.15 earnings per share. Net sales for the second quarter of fiscal year 2017 were $427.4 million. Net sales excluding surcharge were $366.7 million for the second quarter of fiscal year 2017.

We generated a notable sequential... More