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Sep 30, 2024
Carpenter Technology Q1 2025 Earnings Report
Carpenter Technology reported a strong start to fiscal year with record first quarter and increased earnings guidance.
Key Takeaways
Carpenter Technology reported a record first quarter with profits up 70% year-over-year. The company generated $13.3 million in adjusted free cash flow and executed $32.1 million in share repurchases. They are guiding to the high end of the $460 million to $500 million range for FY25.
Record first quarter profits up 70% year-over-year
SAO beat guidance with expanding operating margins
Generated $13.3 million in adjusted free cash flow
Executed $32.1 million in share repurchases
Carpenter Technology
Carpenter Technology
Carpenter Technology Revenue by Segment
Carpenter Technology Revenue by Geographic Location
Revenue by Segment
Specialty Alloys Operations Revenue
CapyFin.comPerformance Engineered Products Revenue
CapyFin.comIntersegment Revenue
CapyFin.comRevenue by Geographic Location
Aerospace and Defense Revenue
CapyFin.comMedical Revenue
CapyFin.comEnergy Revenue
CapyFin.comTransportation Revenue
CapyFin.comIndustrial and Consumer Revenue
CapyFin.comDistribution Revenue
CapyFin.com Forward Guidance
Carpenter Technology is guiding to the high end of the $460 million to $500 million range for FY25 and expects continued earnings growth beyond FY25.
Positive Outlook
- Delivering record profits while navigating near-term Aerospace market uncertainty
- Strong start to fiscal year with record first quarter
- Strengthening earnings growth outlook
- Backlog remains near record levels
- Strong demand across markets, like Medical and Energy sub-market power generation, with Aerospace-like margins
Challenges Ahead
- Navigating near-term Aerospace uncertainty
- Leveraging supply chain visibility and manufacturing flexibility to optimize production schedules
- Line-of-sight to activities that could push operating income higher
- Expected earnings growth beyond FY25
Revenue & Expenses
Visualization of income flow from segment revenue to net income