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Solid Demand, Pricing Actions Aid Carpenter Technology (CRS)
CRSCarpenter(CRS) ZACKS·2024-06-12 00:55

Solid Backlog & Strong Demand: In the third quarter of fiscal 2024, CRS's backlog increased 3% sequentially and 12% year over year, backed by strong booking growth. The company expects continued growth across its end-use markets, especially in Aerospace, Defense and Medical applications, which is expected to boost its fiscal 2024 results. Notably, Aerospace is gaining from the pickup in global travel. Demand continues to accelerate across all aerospace submarkets as the supply chain ramps up to meet steadil ...