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Jun 30, 2023
Carpenter Technology Q4 2023 Earnings Report
Carpenter Technology reported Q4 2023 earnings with revenue increase and EPS beat.
Key Takeaways
Carpenter Technology reported a strong fourth quarter, with revenue increasing to $683.5 million and adjusted EPS exceeding expectations at $1.03. The company benefited from robust demand in the aerospace and defense sectors, as well as operational improvements.
Revenue increased to $683.5 million, up 16% year-over-year.
GAAP EPS was $0.93, and adjusted EPS was $1.03, surpassing estimates.
The company experienced strong demand in aerospace and defense markets.
Carpenter Technology is well-positioned for continued growth with a significant backlog.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Carpenter Technology anticipates continued strong demand, particularly in the aerospace and defense sectors, driving future growth. The company expects to maintain operational efficiency and capitalize on market opportunities.
Positive Outlook
- Continued strong demand in aerospace and defense.
- Operational improvements driving profitability.
- Growing backlog providing revenue visibility.
- Favorable market conditions.
- Potential for margin expansion.
Challenges Ahead
- Potential for supply chain disruptions.
- Fluctuations in raw material costs.
- Economic uncertainties.
- Geopolitical risks.
- Increased competition.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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