Carpenter Technology Corporation Aktie News

Carpenter Technology Corporation (NYSE:CRS ) Q3 2024 Earnings Call Transcript May 1, 2024 10:00 AM ET Company Participants John Huyette - VP of IR Tony Thene - President and CEO Tim Lain - SVP and CFO Conference Call Participants Gautam Khanna - TD Cowen Josh Sullivan - The Benchmark Company Michael Leshock - KeyBanc Capital Markets Operator Good morning, and welcome to the Carpenter Technology...

Exceeded Third Quarter Operating Income Guidance Increasing Fourth Quarter Operating Income Outlook Generated Positive Free Cash Flow

A new business cycle is underway for the United States economy, and the manufacturing sector could be in play. This time, it isn't only Wall Street pushing the bets forward but also the current administration's attempt to onshore some global steel and aluminum manufacturing jobs.

PHILADELPHIA, April 12, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock, payable June 6, 2024, to shareholders of record on April 23, 2024. The ex-dividend date (the date the common stock trades without the dividend) is April 22, 2024.

PHILADELPHIA , April 05, 2024 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) plans to host a conference call and webcast on Wednesday, May 1, 2024 at 10:00 a.m. ET to discuss the results of operations for the third quarter of fiscal year 2024, ended March 31, 2024. The call and webcast will follow the release of third quarter fiscal 2024 financial results before the market ope...

Carpenter Technology benefits from two end markets. The company is set for significant margin expansion in the coming years.

A leading materials company benefits from attractive end markets, including aerospace, medical, and transportation. An industrial technology company is growing its recurring revenue significantly.

Boeing is in talks with Spirit AeroSystems over a possible deal to regain control of the company. A deal would also help suppliers looking to Boeing to ramp up delivery rates of its key airplane programs.