CARPENTER TECHNOLOGY Reports 34.5% Increase in Total Revenue for Q4 of FY2023
August 9, 2023
☀️Earnings Overview
For the fourth quarter of fiscal year 2023, CARPENTER TECHNOLOGY ($NYSE:CRS) reported a total revenue of USD 758.1 million, which represented an impressive 34.5% increase compared to the same period in the prior year. The company also saw a substantial increase in net income for the quarter, with earnings of USD 38.4 million, compared to the meager 2.6 million earned in the same quarter of the prior year.
Analysis
GoodWhale has recently conducted an analysis of CARPENTER TECHNOLOGY, an American company specializing in the production of stainless steel, special alloy, and titanium products. According to their Risk Rating, the company is considered a medium risk investment in terms of financial and business aspects. Although there are many positive aspects to investing in CARPENTER TECHNOLOGY, GoodWhale has detected two risk warnings in their income sheet and balance sheet. These warnings might provide more information for prospective investors. Those interested in learning more can register on goodwhale.com for more details. Overall, CARPENTER TECHNOLOGY has the potential to be a successful investment. However, it is important to consider the risks associated with the company before making any decisions. GoodWhale’s analysis provides valuable insight into the company’s wellbeing and its possible risks so that investors can make educated decisions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Carpenter Technology. More…
| Total Revenues | Net Income | Net Margin |
| 2.55k | 56.4 | 2.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Carpenter Technology. More…
| Operations | Investing | Financing |
| 14.7 | -82.3 | -40.1 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Carpenter Technology. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.05k | 1.66k | 28.76 |
Key Ratios Snapshot
Some of the financial key ratios for Carpenter Technology are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.4% | 1.2% | 5.0% |
| FCF Margin | ROE | ROA |
| -2.7% | 5.8% | 2.6% |
Peers
It operates in the aerospace, energy, transportation, medical, and industrial markets. Its main competitors include Ryerson Holding Corp, thyssenkrupp AG, and Lee Chi Enterprises Co Ltd. These companies are all major players in their respective fields and have been producing quality products for many years.
– Ryerson Holding Corp ($NYSE:RYI)
Ryerson Holding Corp is a global value-added distributor of metals and industrial products. The company primarily serves the non-residential construction, industrial machinery, and maintenance repair and operations (MRO) marketplaces. As of 2022, Ryerson Holding Corp has a market capitalization of 1.13 billion dollars, indicating that it is a relatively large company. Additionally, its return on equity (ROE) of 52.95% demonstrates that it is a well-run business with a high level of profitability relative to its equity base.
– thyssenkrupp AG ($LTS:0O1C)
thyssenkrupp AG is a German multinational conglomerate with operations in the industrial engineering, materials services, elevator technology, and automotive sectors. The company has a market capitalization of 3.6 billion as of 2022, reflecting a strong performance on the stock market this year. Additionally, thyssenkrupp has an impressive Return on Equity of 8.21%, indicating that investors are seeing high returns for the money they have invested in the company. This is a testament to the company’s commitment to driving profitable growth, as well as its ability to generate value for shareholders.
– Lee Chi Enterprises Co Ltd ($TWSE:1517)
Lee Chi Enterprises Co Ltd is a leading manufacturer and distributor of industrial components and systems. The company has a market cap of 4.44 billion dollars as of 2022 and boasts a return on equity of 10.34%. This indicates that the company is highly profitable, generating substantial returns for its shareholders over the long term. The company’s products are widely used in a variety of industries, including automotive, electronics, medical, and industrial. Lee Chi Enterprises Co Ltd has established itself as a reliable supplier of quality components and systems, delivering superior customer service and competitive pricing.
Summary
CARPENTER TECHNOLOGY has reported impressive fourth quarter earnings of FY2023, with total revenue of USD 758.1 million representing a 34.5% increase year-over-year and net income of USD 38.4 million, a substantial rise from the 2.6 million earned in the same quarter in the previous year. This suggests strong investment potential for CARPENTER TECHNOLOGY, as it continues to grow its revenues and profits both domestically and abroad. Investors should continue to closely monitor this company as it looks to increase its market share and maximize returns for shareholders.
Related Posts
Recent Posts
