Carpenter Technology (CRS) Tops Q4 EPS by 8c

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Carpenter Technology Reports Fourth Quarter and Full Year Fiscal 2017 Results

July 27, 2017 7:31 AM EDT

Fourth Quarter Highlights

Reported earnings per share of $0.54; excluding special items, adjusted earnings per share of $0.58Net sales of $507.7 million; highest in two yearsSpecialty Alloys Operations (SAO) achieves highest margins in three yearsPerformance Engineered Products (PEP) delivers 23% sequential operating income growthDivestiture of non-core business consistent with solutions-focused approachCash Provided from Operating Activities of $93.8 million; Free Cash Flow of $64.4 million

Full Year Highlights

Reported earnings per share of $0.99; excluding special items, adjusted earnings per... More