Carpenter Technology’s (CRS) Loss Narrower Than Expected in Q4 – Digitalmunition




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Published on August 7th, 2020 📆 | 2801 Views ⚑

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Carpenter Technology’s (CRS) Loss Narrower Than Expected in Q4

Operational Results

Carpenter Technology Corporation Price, Consensus and EPS Surprise

Carpenter Technology Corporation Price, Consensus and EPS Surprise

Carpenter Technology Corporation price-consensus-eps-surprise-chart | Carpenter Technology Corporation Quote

Segment Performance

Financials

The company exited fiscal 2020 with cash and cash equivalents of $193 million compared with the $27 million recorded at fiscal 2019 end. Long-term debt was $551.8 million at the end of fiscal 2020 compared with $550.6 million as of fiscal 2019 end. Cash provided by operating activities were $231.8 million in fiscal 2020 compared with the prior fiscal’s $232.4 million.

Outlook

Fiscal 2020 Performance

Carpenter Technology reported adjusted earnings per share of $2.21 in fiscal 2020, down from fiscal 2019’s earnings per share of $3.46. In fiscal 2020, net sales came in at $2.18 billion, down 8.4% from the prior fiscal year.

Price Performance

Carpenter Technology’s shares have gained 7.7% over the past three months, outperforming the industry’s growth of 5.1%.

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