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Carpenter Technology CRS

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    1. Carpenter Technology Restores Positive FCF in Fiscal 3Q but Restructuring Efforts Weigh on Earnings


      Thu, 30 Apr 2015

      Carpenter Technology posted solid fiscal third-quarter ..... emerging from a reinvestment cycle, Carpenter has positioned itself to produce materially ..... capital expenditures. We anticipate that Carpenter will generate strong free cash flow

    2. CRS Releases Disappointing Fiscal 3Q Guidance; We've Reduced Our Fair Value Estimate to $55


      Wed, 1 Apr 2015

      Carpenter Technology issued discouraging guidance for its ..... program. Excluding these charges, CRS should generate earnings of $0.26 ..... lowered our long-term forecasts for Carpenter and reduced our fair value estimate

    3. Carpenter Makes Progress in 2Q and Is Primed for a Strong Second Half in Fiscal 2015


      Wed, 28 Jan 2015

      Carpenter Technology issued second-quarter results that ..... to expand in the coming quarters. Carpenter 's reported second-quarter operating ..... end of 2019. We are concerned that Carpenter again failed to generate positive free

    4. Pratt Reassumes CEO Position at Carpenter Technology After Wulfsohn Steps Down


      Fri, 14 Nov 2014

      In light of CEO Bill Wulfsohn's departure, Carpenter Technology announced that Gregory Pratt will take over as chief ..... company Ashland. Given Pratt's intimate knowledge of Carpenter 's operations and the fact that he has overseen

    5. Carpenter Technology Reports a Challenging 1Q, but Investors Expected Worse; FVE Lowered to $63


      Fri, 24 Oct 2014

      Investors sent shares of Carpenter Technology sharply higher after the company ..... perform as poorly as expected. Carpenter ’s struggles this quarter stemmed ..... degree of operating leverage, Carpenter 's inability to spread high

    6. Narrow-moat Carpenter Technology Primed for Material Margin Expansion; FVE Increased to $65


      Mon, 15 Sep 2014

      In transferring coverage of Carpenter Technology , we have modestly increased our ..... narrow moat rating. We expect Carpenter ’s earnings to nearly triple ..... on next-generation aircraft, Carpenter is likely to enjoy robust shipment

    7. Carpenter Technology Reports Middling 4Q Results as Athens Facility Continues Ramp-Up Phase


      Tue, 29 Jul 2014

      Carpenter Technology took a step backwards in the fourth ..... period last year. During the quarter, Carpenter generated $105.2 million of EBITDA ..... we anticipate that the ramp up of Carpenter ’s new Athens production facility will

    8. Carpenter Technology Issues Mixed Results in Third Quarter as Startup of Athens Facility Progresses


      Fri, 25 Apr 2014

      Carpenter Technology reported third-quarter results that ..... pleased to report that the startup of Carpenter ’s new Athens, Georgia, specialty ..... winds down, we are confident that Carpenter will be able to once again generate

    9. Carpenter Feels Pressure from Customer Destocking, but We're Leaving our Fair Value Unchanged


      Tue, 29 Oct 2013

      62 fair value estimate for Carpenter Technology after the release of fiscal first-quarter ..... Our narrow moat rating for Carpenter remains unchanged. While we ..... peer Allegheny Technologies, Carpenter is feeling the brunt of destocking

    10. Aligning Market Exposure With the Expected Return/Risk Profile


      Thu, 9 May 2013

      Carpenter Technology CRS ended its fiscal 2006 with a bang ..... 140 fair value estimate. This was Carpenter 's third consecutive record year ..... the low side in terms of revenue, Carpenter 's stellar asset management helped

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