Core Insights - Carpenter Technology (CRS) reported revenue of $676.9 million for the quarter ended December 2024, marking an 8.4% year-over-year increase, with an EPS of $1.66 compared to $0.85 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $708.84 million by 4.51%, while the EPS exceeded the consensus estimate of $1.56 by 6.41% [1] Financial Performance Metrics - Carpenter's stock has returned +23.2% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change, and currently holds a Zacks Rank 2 (Buy) [3] - Specialty Alloys Operations sold 44.71 million pounds, below the average estimate of 50.09 million pounds [4] - Total volumes sold were 46.17 million pounds, compared to the average estimate of 50.94 million pounds [4] - Net Sales for the End-Use Market Excluding Surcharge Revenue totaled $548 million, slightly below the average estimate of $568.39 million, representing a 12.9% year-over-year increase [4] - Performance Engineered Products net sales were $95 million, compared to the average estimate of $101.55 million, reflecting a -0.7% year-over-year change [4] - Specialty Alloys Operations net sales reached $601.50 million, compared to the average estimate of $632.96 million, showing a 9.5% year-over-year increase [4] - Operating Income for Corporate was -$23.60 million, better than the average estimate of -$33.83 million [4] - Operating Income for Performance Engineered Products was $7 million, slightly above the average estimate of $6.95 million [4] - Operating Income for Specialty Alloys Operations was $135.60 million, compared to the average estimate of $138.13 million [4]
Carpenter (CRS) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates