Carpenter Technology (CRS) Tops Q2 EPS by 7c, Revenues Beat

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Carpenter Technology Reports Second Quarter Fiscal Year 2019 Results

January 31, 2019 8:02 AM EST

Reported earnings per share of $0.73; excluding special items, adjusted earnings per share of $0.76Net Sales of $556.5 million; year-over-year revenue growth across key end-use marketsBacklog up 16% sequentially and 49% year-over-yearThree additional qualifications received for Athens facility

PHILADELPHIA, Jan. 31, 2019 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the Company) today announced financial results for the fiscal second quarter ended December 31, 2018. For the quarter, the Company reported net income of $35.5 million, or $0.73 earnings per diluted share. Excluding special items, adjusted earnings per diluted share was $0.76 in the quarter.

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