Carpenter Technology (CRS) Tops Q3 EPS by 7c
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Carpenter Technology Reports Third Quarter Fiscal Year 2022 Results
April 28, 2022 8:00 AM EDTPHILADELPHIA, April 28, 2022 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the Company) today announced financial results for the fiscal third quarter ended March 31, 2022. For the quarter, the Company reported a net loss of $7.5 million, or $0.16 loss per diluted share. Excluding special items, adjusted loss per diluted share was $0.20 for the quarter.
We see strong demand in each of our end-use markets, with our backlog up 34 percent sequentially and 164 percent year-over-year, said Tony R. Thene, President and CEO of Carpenter Technology. We believe the Aerospace recovery is accelerating, while our other end-use markets such as... More
