earnings
confidence high
sentiment positive
materiality 0.90
Carpenter Technology Reports Record Q4 and FY2024 Results, Pulls Forward FY2025 Guidance
CARPENTER TECHNOLOGY CORP
2024-FY EPS reported
$3.70
revenue$2,759,700,000
- Delivered $125.2M adjusted operating income in Q4 FY2024, up 39% sequentially, a record quarterly result.
- Full-year FY2024 adjusted operating income of $354.1M, up 166% YoY, most profitable year in company history.
- Board authorized $400M share repurchase program; targeting offsetting dilution and strategic opportunities.
- FY2025 operating income guidance of $460M to $500M, pulled forward from FY2027 to FY2025.
- Generated $142.4M adjusted free cash flow in Q4; FY2024 total $179.0M.