Carpenter Technology (CRS) Tops Q4 EPS by 2c

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Carpenter Technology Reports Fourth Quarter and Fiscal Year 2022 Results

July 28, 2022 8:00 AM EDT

Reported earnings per share of $0.05, with adjusted earnings per share of $0.00

Backlog up 29% sequentially and 191% year-over-year

Generated $106.9 million of cash provided from operating activities; $64.6 million in free cash flow

PHILADELPHIA, July 28, 2022 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the Company) today announced financial results for the fiscal fourth quarter and year ended June 30, 2022. For the quarter, the Company reported net income of $2.6 million, or $0.05 earnings per diluted share. Excluding special items, adjusted earnings per share... More