Carpenter Technology Corp.

NYSE:CRS   3:59:50 PM EDT
-0.51 (-1.76%)
4:00:00 PM EDT: $28.45 -0.09 (-0.32%)
Other Pre-Announcement

Carpenter Technology Sees Q2 Adjusted Loss Per Share $0.60 To $0.65

Published: 12/20/2021 18:45 GMT
Carpenter Technology Corp. (CRS) - Sees Q2 Adjusted Loss per Share $0.60 to $0.65.
Unplanned Outage of Its 4500 Ton Press at Its Reading, Pa Facility Due to a Mechanical Failure.
Currently Expects Its Specialty Alloys (sao) Segment to Deliver an Operating Loss of $20 to $22 Million in Q2 of Fiscal Year 2022.
While Press Outage and Macro Challenges Are Headwinds to Near-term Outlook, Remain Confident in Long-term Growth Profile.
Sees Q2 Adjusted Loss per Share to Be in Range of $0.60 to $0.65.
Press Repairs Are Currently Expected to Take 45 to 60 Days to Complete.