NYSE$CRS

Carpenter Technology Corporation · Q1 2025 earnings

Q1 2025 earnings · · Investor relations

Briefing

Carpenter Technology reported a strong start to fiscal year with record first quarter and increased earnings guidance.

Carpenter Technology reported a record first quarter with profits up 70% year-over-year. The company generated $13.3 million in adjusted free cash flow and executed $32.1 million in share repurchases. They are guiding to the high end of the $460 million to $500 million range for FY25.

  • Record first quarter profits up 70% year-over-year
  • SAO beat guidance with expanding operating margins
  • Generated $13.3 million in adjusted free cash flow
  • Executed $32.1 million in share repurchases

Headline financials

Total Revenue

$718M

Previous: $652M+10.1%
EPS

$1.67

Previous: $0.88+89.8%
SAO Adjusted Margin

26.3%

No prior period
Adj. Free Cash Flow

$13.3M

No prior period
Adj. Op. Margin (ex-surcharge)

20.3%

No prior period
Capital Expenditures

-$26.9M

Previous: -$22M-22.3%
Free Cash Flow

$84.8M

Previous: $43.9M+93.2%
Net Income

$84.8M

Previous: $43.9M+93.2%
Operating Income

$114M

Previous: $69M+64.6%
Gross Profit

$176M

Previous: $124M+42.1%
Cash & Equivalents

$150M

Previous: $18.1M+729.8%
Total Assets

$3.26B

Previous: $3.08B+5.8%
Stock-Based Comp

$4.7M

Previous: $4.4M+6.8%

Revenue & EPS history

Carpenter Technology · Revenue · Quarterly

$718M

Q1 2025+10.1%vs Q1 2024
Beat estimate in 6 of 15 quarters(40%)
ActualEstimate

Revenue by segment

Carpenter Technology · $672M total across 2 segments · Q1 2024

  • Specialty Alloys Ops
    $570M+27.5%
  • Perf. Engineered Prod.
    $102M+9.2%

Forward guidance

Carpenter Technology is guiding to the high end of the $460 million to $500 million range for FY25 and expects continued earnings growth beyond FY25.

Tailwinds

  • Delivering record profits while navigating near-term Aerospace market uncertainty
  • Strong start to fiscal year with record first quarter
  • Strengthening earnings growth outlook
  • Backlog remains near record levels
  • Strong demand across markets, like Medical and Energy sub-market power generation, with Aerospace-like margins

Headwinds

  • Navigating near-term Aerospace uncertainty
  • Leveraging supply chain visibility and manufacturing flexibility to optimize production schedules
  • Line-of-sight to activities that could push operating income higher
  • Expected earnings growth beyond FY25

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2025

Historical avgQ1 2025

+1.0%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+5.0%

Avg return

30 days after

55%

37 / 67 earnings

Positive

+22.6%

Q1 2026

Best reaction

-17.5%

Q1 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.6%-0.3%+9.5%
Q2 2026-6.3%+2.2%+20.0%
Q1 2026+22.6%+26.6%+26.4%
Q3 2025+4.5%+3.5%+20.7%
Q2 2025-7.4%-8.1%-1.0%
Q1 2025-0.8%+3.8%+21.8%
Q4 2024+15.9%-3.3%+0.2%
Q3 2024+16.6%+18.9%+29.4%
Q2 2024-4.0%-4.1%-2.4%
Q1 2024+3.3%+3.7%+13.3%
Q4 2023+2.6%-1.1%+6.9%
Q3 2023+9.3%+12.6%-4.9%
Q2 2023+11.8%+9.9%+7.6%
Q1 2023-2.6%+2.8%+10.6%
Q4 2022+8.3%+3.2%-0.7%
Q3 2022+2.7%+1.0%-2.9%
Q2 2022-1.2%-1.9%+22.6%
Q1 2022+1.5%+2.0%-3.8%
Q4 2021+0.1%-10.3%-13.9%
Q3 2021-10.9%-6.4%+12.8%
Q2 2021-9.1%-7.8%+18.3%
Q1 2021+8.5%+2.4%+49.3%
Q4 2020-5.1%+6.7%-4.1%
Q3 2020-9.4%-12.7%-1.1%
Q2 2020-9.2%-2.9%-16.0%
Q1 2020-3.1%+1.4%+2.8%
Q4 2019+4.4%+2.3%+6.2%
Q3 2019-1.1%-1.6%-14.8%
Q2 2019+5.3%+0.3%+6.4%
Q1 2019-16.6%-19.2%-20.6%
Q4 2018+8.1%+0.1%+2.3%
Q3 2018+11.6%+8.5%+19.0%
Q2 2018-6.6%-7.4%-2.1%
Q1 2018-0.3%-1.3%-4.5%
Q4 2017+5.4%-0.3%-0.1%
Q3 2017+1.8%-1.3%-8.5%
Q2 2017+7.1%+4.8%-4.1%
Q1 2017-17.5%-18.5%-0.4%
Q4 2016-0.5%-2.7%-7.1%
Q3 2016+1.1%
Q2 2016+5.6%
Q1 2016+8.8%
Q4 2015-0.7%
Q3 2015+4.0%
Q2 2015-6.4%
Q1 2015+10.4%
Q4 2014-7.0%
Q3 2014-1.2%
Q2 2014-0.5%
Q1 2014-1.3%
Q4 2013+8.1%
Q3 2013-4.3%
Q2 2013+0.4%
Q1 2013-2.4%
Q4 2012+1.7%
Q3 2012+7.6%
Q2 2012-3.4%
Q1 2012-11.2%
Q4 2009-0.6%
Q4 2011-0.6%
Q3 2010+5.4%
Q3 2011+5.4%
Q2 2010+1.6%
Q2 2011+1.6%
Q1 2011+0.6%
Q4 2010+0.6%
Q1 2010+0.6%

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