Published on August 7th, 2020 📆 | 2801 Views ⚑0
Carpenter Technology’s (CRS) Loss Narrower Than Expected in Q4
Carpenter Technology Corporation Price, Consensus and EPS Surprise
Carpenter Technology Corporation price-consensus-eps-surprise-chart | Carpenter Technology Corporation Quote
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.
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.
Carpenter Technology’s shares have gained 7.7% over the past three months, outperforming the industry’s growth of 5.1%.