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Are You Looking for a Top Momentum Pick? Why Carpenter Technology (CRS) is a Great Choice
zacks.com· 2024-05-24 01:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...
Is Carpenter Technology (CRS) Stock Outpacing Its Basic Materials Peers This Year?
Zacks Investment Research· 2024-05-13 22:46
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Has Carpenter Technology (CRS) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.Carpenter Technology is one of 240 individual stocks in the Basic Materials sector. Collectively, these companies sit at #3 in the Zacks Sector Rank. The Zacks Sector Rank ...
3 Industrial Stocks to Buy at a Discount
The Motley Fool· 2024-05-13 07:34
A multi-industry industrial company, an aerospace supplier, and a building materials company all look like good values now.3M (MMM 1.64%), Carpenter Technology (CRS -1.36%), and Owens Corning (OC -0.32%) are vastly different stocks, but all three are attractive on a risk/reward basis. They each have a different investment case, so let's explore why they might suit a value investor's portfolio.3M is undervaluedThis industrial giant isn't the highest-quality company out there. After all, mediocre growth, decl ...
Carpenter Technology (CRS) is a Great Momentum Stock: Should You Buy?
Zacks Investment Research· 2024-05-08 01:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...
New Strong Buy Stocks for May 7th
Zacks Investment Research· 2024-05-07 19:51
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:Hasbro (HAS) : This company which is engaged in the design, manufacture and marketing of games and toys, has seen the Zacks Consensus Estimate for its current year earnings increasing 10.4% over the last 60 days.Yelp (YELP) : This website which is engaged in providing information through online community offering social networking, has seen the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 daysV ...
Carpenter(CRS) - 2024 Q3 - Quarterly Results
2024-05-04 04:02
Exhibit 99.1 Investor Inquiries: Media Inquiries: John Huyette Heather Beardsley +1 610-208-2061 +1 610-208-2278 jhuyette@cartech.com hbeardsley@cartech.com CARPENTER TECHNOLOGY REPORTS THIRD QUARTER FISCAL YEAR 2024 RESULTS Exceeded Third Quarter Operating Income Guidance Increasing Fourth Quarter Operating Income Outlook Generated Positive Free Cash Flow PHILADELPHIA – May 1, 2024 – Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal third quarter ...
Carpenter Technology (CRS) Q3 Earnings Top Estimates, Surge Y/Y
Zacks Investment Research· 2024-05-03 03:21
Carpenter Technology Corporation (CRS) reported earnings of $1.19 per share for third-quarter fiscal 2024, surpassing the Zacks Consensus Estimate of 94 cents. The bottom line marked a solid improvement of 213% from the adjusted earnings of 38 cents per share in the year-ago quarter. Despite a decline in revenues due to lower volumes, CRS achieved this earnings improvement courtesy of improved productivity, product mix optimization and pricing actions.Including special items, earnings were 12 cents per shar ...
Carpenter(CRS) - 2024 Q3 - Quarterly Report
2024-05-02 04:07
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-5828 CARPENTER TECHNOLOGY CORPORATION (Exact name of Registrant as specified in its Charter) ...
Carpenter(CRS) - 2024 Q3 - Earnings Call Transcript
2024-05-02 01:30
财务数据和关键指标变化 - 第三季度销售额增长14%,主要由于产品组合改善和定价行动 [1][2] - 第三季度调整后营业利润达到90百万美元,创历史新高,较上一季度增长29% [1][2] - 公司预计第四季度调整后营业利润将达到110-115百万美元,较第三季度增长25% [1][4] - 公司预计全年调整后营业利润将达到339-344百万美元,创历史新高 [1][4] 各条业务线数据和关键指标变化 - SAO业务第三季度营业利润达到103.5百万美元,创历史新高,较上一季度增长24% [2][3] - SAO业务第三季度调整后营业利润率达到21.4%,较上一季度的20%有所提升 [2][3] - PEP业务第三季度营业利润为9.2百万美元,较上一季度增长29% [3] 各个市场数据和关键指标变化 - 航空航天和国防市场销售占比达57%,较上一季度增长28%,较上年同期增长30% [2] - 医疗市场销售占比达15%,较上一季度增长15%,较上年同期增长35% [2] - 公司整体订单量持续增加,目前订单量是疫情前水平的3倍 [2] 公司战略和发展方向及行业竞争 - 公司专注于为高增长市场提供高附加值的解决方案,拥有难以复制的资产系统 [4] - 公司在航空航天、国防和医疗等行业拥有严格的认证资格,有利于持续交付优质产品 [4] - 公司通过提高生产效率、优化产品组合和定价行动不断提升盈利能力 [4][5] - 公司将在未来4年内将营业利润目标从之前的6-7亿美元提前1年实现 [4][5] 管理层对经营环境和未来前景的评论 - 公司目前面临的市场需求强劲,航空航天、国防和医疗等关键市场订单饱满 [2][7] - 公司有信心通过持续提高生产效率、优化产品组合和定价来进一步提升盈利能力 [4][5] - 公司看好未来几年的发展前景,有望持续创造新的业绩纪录 [4][5] 问答环节重要的提问和回答 问题1 **Gautam Khanna 提问** 询问737 MAX和787机型减产对公司的影响 [6] **Tony Thene 回答** 公司目前和未来都没有受到任何影响,因为市场需求强劲,任何供应链中的短期波动都能被其他需求迅速填补 [6] 问题2 **Josh Sullivan 提问** 询问公司未来自由现金流收益率的预期 [7] **Tony Thene 回答** 公司未来几年自由现金流收益率将保持与营业利润目标相当的水平,具体数字公司将在未来几个季度更新 [7] 问题3 **Michael Leshock 提问** 询问公司在航空航天维修市场的机会 [8] **Tony Thene 回答** 公司在各细分航空航天市场都有强劲需求,包括OEM、维修等,公司有信心通过提高生产效率、优化产品组合和定价来持续提升业绩 [8]
Carpenter(CRS) - 2024 Q3 - Earnings Call Presentation
2024-05-02 00:13
• Leverage core strength in engineered materials and process capabilities to solve our customers current and anticipated challenges • Accelerating progress towards goal to double operating income vs. FY19 • Further growth anticipated beyond FY27 goal • Cash generation creates significant shareholder value 14 15 Non-GAAP Schedules © 2024 CRS Holdings, LLC. All rights reserved. 17 Management believes that removing the impact of raw material surcharge from operating margin provides a more consistent basis for ...