NYSE$CRS
Carpenter Technology Corporation · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Carpenter Technology reported Q4 2023 earnings with revenue increase and EPS beat.
Carpenter Technology reported a strong fourth quarter, with revenue increasing to $683.5 million and adjusted EPS exceeding expectations at $1.03. The company benefited from robust demand in the aerospace and defense sectors, as well as operational improvements.
- Revenue increased to $683.5 million, up 16% year-over-year.
- GAAP EPS was $0.93, and adjusted EPS was $1.03, surpassing estimates.
- The company experienced strong demand in aerospace and defense markets.
- Carpenter Technology is well-positioned for continued growth with a significant backlog.
Headline financials
Revenue & EPS history
Carpenter Technology · Revenue · Quarterly
$758M
Revenue by segment
Carpenter Technology · $335M total across 2 segments · Q4 2023
- Specialty Alloys Ops$224M+4.1%67.0%
- Perf. Engineered Prod.$111M+6.4%33.0%
Forward guidance
Carpenter Technology anticipates continued strong demand, particularly in the aerospace and defense sectors, driving future growth. The company expects to maintain operational efficiency and capitalize on market opportunities.
Tailwinds
- Continued strong demand in aerospace and defense.
- Operational improvements driving profitability.
- Growing backlog providing revenue visibility.
- Favorable market conditions.
- Potential for margin expansion.
Headwinds
- Potential for supply chain disruptions.
- Fluctuations in raw material costs.
- Economic uncertainties.
- Geopolitical risks.
- Increased competition.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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