📈 Carpenter Technology (CRS) Q2 Earnings In Line With ...

Carpenter Technology Corporation CRS reported earnings of 85 cents per share for second-quarter fiscal 2024, in line with the Zacks Consensus Estimate. It had posted adjusted earnings of 13 cents in the year-ago quarter.Net sales increased 7.8% year over year to $624 million in the reported quarter. The upside was driven by a 3% year-over-year increase in shipment volume and the ongoing solid demand in most of the company’s end-use markets. However, the figure missed the Zacks Consensus Estimate of $670 million.CRS witnessed a year-over-year revenue increase of 23.1%, 62.8%, 16.4% and 2% in the Aerospace and Defense, Energy, Medical and Industrial and Consumer end-use markets, respectively.

Yahoo     Feb 05, 2024