As stock prices hit record lows, executives are taking advantage of the opportunity to scoop up shares on the cheap and show confidence in the future of their companies.
Shares of Carpenter Technology Corporation (NYSE:CRS) were flat in pre-market trading after the company reported Q3 results.Quarterly Results Earnings per share were down 5.75% year over year to $0.82, which beat the estimate of $0.77.Revenue of $585,400,000 less by 4.02% from the same period last year, which beat the estimate of $576,150,000.Looking Ahead Earnings guidance hasn't been issued by the company for now.Carpenter Tech hasn't issued any revenue guidance for the time being.How To Listen To The Conference Call Date: Apr 30, 2020View more earnings on CRSWebcast URL: https://edge.media-server.com/mmc/p/ev5ktwkdRecent Stock Performance Company's 52-week high was at $56.33Company's 52-week low was at $13.60Price action over last quarter: down 40.54%Company Overview Carpenter Technology supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. With regard to materials, the company generates the majority of its revenue from premium alloys, titanium, and stainless steel. Key value-added product lines are frequently used in applications that require stress tolerance as well as corrosion and heat resistance.See more from Benzinga * 16 Industrials Stocks Moving In Monday's Pre-Market Session(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Q3 2020 Carpenter Technology Corp Earnings Call
Earnings per diluted share of $0.82 Results significantly impacted by COVID-19 Action plan implemented to safeguard employees and customers against COVID-19 Initiated actions.
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