NYSE$CRS
Carpenter Technology Corporation · Q4 2024 earnings
Q4 2024 earnings · · Investor relations
Briefing
Carpenter Technology beat Q4 FY24 guidance with a record quarter and completed a record fiscal year.
Carpenter Technology exceeded its Q4 FY24 guidance, achieving record profits and operating in a strong demand environment. The company's FY25 outlook anticipates continued operating momentum with accelerated earnings growth, driven by increasing productivity, improving mix, and pricing actions.
- Beat Q4 FY24 operating income guidance and accelerated cash generation and margin expansion.
- Achieved record $354.1 million in adjusted operating income* in FY24.
- Generated $142.4 million in adjusted free cash flow* in Q4 FY24.
- SAO segment achieved 25.2% Q4 adjusted operating margin*.
Headline financials
Revenue & EPS history
Carpenter Technology · Revenue · Quarterly
$799M
Revenue by segment
Carpenter Technology · $672M total across 2 segments · Q1 2024
- Specialty Alloys Ops$570M+27.5%84.8%
- Perf. Engineered Prod.$102M+9.2%15.2%
Forward guidance
Carpenter Technology projects operating income between $460 million and $500 million for FY25, pulling forward the original FY27 goal. The company anticipates generating $250 million to $300 million in adjusted free cash flow in FY25, representing approximately an 85% conversion rate.
Tailwinds
- Projecting $460 million to $500 million of operating income for FY25, pulling original FY27 goal in to FY25
- Achieved over 60% of growth in year one of original four-year goal
- Increasing productivity across facilities, improving product mix and pricing actions drive increasing profitability
- Anticipate generating $250 million to $300 million in adjusted free cash flow in FY25; represents approximately 85% conversion rate
- Outlook exceeds operating income in first quarter of fiscal year 2024, our most profitable first quarter on record, by nearly 70%
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 2024
+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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