Carpenter Technology Reports Third Quarter Financial Results.
Business Wire › April 19, 2001
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Carpenter Technology Reports Third Quarter Financial Results.
Business Editors
WYOMISSING, Pa.--(BUSINESS WIRE)--April 19, 2001 Carpenter Technology Corporation (NYSE:CRS) today reported that net sales for the third fiscal quarter ended March 31, 2001, rose 3.0 percent to $312 million, compared with $302 million for last year's third quarter. Net income was $11.6 million, compared with $11.9 million for the year-ago quarter. Diluted earnings per share for the quarter were $.50, at the higher end of the Company's most recent earnings estimate of $.45 to $.50 per share, compared with last year's $.52 per share. The increase in sales for the quarter was led by Dynamet, with a 21 percent advance, and the Engineered Products Group (EPG), with an 11 percent increase on the strength of higher shipments to the aerospace and power generation markets. Sales for Specialty Alloys Operations (SAO) were similar to last year's quarter, with h...See the full content of this document
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