Carpenter Technology (CRS) Q3 Earnings Top Estimates, Surge Y/Y
Carpenter(CRS) 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 ...