Carpenter Technology (CRS) Misses Q1 EPS by 40c, Revenues Miss
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Carpenter Technology Reports First Quarter Fiscal Year 2021 Results
October 22, 2020 8:00 AM EDTGenerated $88 million of operating cash flow; free cash flow of $63 million
Total liquidity of $613 million including $219 million of cash on hand
PHILADELPHIA, Oct. 22, 2020 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the Company) today announced financial results for the fiscal first quarter ended September 30, 2020. For the quarter, the Company reported a net loss of $47.1 million, or $0.98 loss per diluted share. Excluding special items, adjusted loss per diluted share was $0.58 for the quarter.
During the first quarter, we further strengthened our liquidity position... More
