Carpenter Technology Reports Second Quarter Fiscal Year 2021 Results

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Carpenter Technology (CRS) Tops Q2 EPS by 3c, Revenues Miss

January 28, 2021 8:04 AM EST

Carpenter Technology (NYSE: CRS) reported Q2 EPS of ($0.61), $0.03 better than the analyst estimate of ($0.64). Revenue for the quarter came in at $348.8 million versus the consensus estimate of $362.79 million.

Generated $84 million of operating cash flow; free cash flow of $51 millionTotal liquidity of $665 million including $271 million of cash on hand

Our second quarter results reflect our continued emphasis on driving cash flow generation as we ended the second quarter with $665 million in total liquidity including $271 million in cash, said Tony R.... More