Carpenter: Fiscal Second Quarter Earnings Overview

Carpenter Technology Reports Strong Second-Quarter Earnings

Carpenter Technology Corp., headquartered in Philadelphia, announced on Thursday that it achieved a net income of $105.3 million for its fiscal second quarter.

The company reported earnings of $2.09 per share, with adjusted earnings—accounting for debt reduction—rising to $2.33 per share.

These results surpassed the expectations of Wall Street analysts. According to a survey by Zacks Investment Research, the consensus estimate from five analysts was $2.20 per share.

Despite the earnings beat, Carpenter Technology generated $728 million in revenue during the quarter, slightly below the $728.6 million anticipated by three analysts polled by Zacks.