Carpenter Technology Reports Fourth Quarter and Fiscal Year 2019 Results
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Carpenter Technology (CRS) Tops Q4 EPS by 6c, Revenues Beat
August 1, 2019 8:15 AM EDTCarpenter Technology (NYSE: CRS) reported Q4 EPS of $1.00, $0.06 better than the analyst estimate of $0.94. Revenue for the quarter came in at $641.4 million versus the consensus estimate of $637.84 million.
Fourth Quarter Highlights
Reported earnings per share of $1.00Specialty Alloys Operations (SAO) delivers 16.3% operating margin; 20.4% adjusted operating marginBacklog up 2% sequentially and 41% year-over-yearGenerated $175 million of cash provided from operating activities; $116 million in free cash flowThe fourth quarter marked the end to a successful year as we generated our strongest quarterly operating income performance since fiscal... More
