Benzinga | Jan 28, 2021 08:24AM EST

Carpenter Tech: Q2 Earnings Insights



Shares of Carpenter Tech (NYSE:CRS) decreased 0.2% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 173.49% over the past year to ($0.61), which beat the estimate of ($0.64).

Revenue of $348,800,000 decreased by 39.13% from the same period last year, which missed the estimate of $362,790,000.

Guidance

Carpenter Tech hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Details Of The Call

Date: Jan 28, 2021

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ycipqq84

Technicals

52-week high: $44.84

52-week low: $13.60

Price action over last quarter: Up 87.56%

Company Profile

Carpenter Technology supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. With regard to materials, the company generates the majority of its revenue from premium alloys, titanium, and stainless steel. Key value-added product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance.