Carpenter’s Q4 and full year reports

Carpenter Technology Corporation has announced its financial results for Q4 and year ended 30 June 2018. For Q4 the company reported net income of US$42.8 million, or US$0.88 earnings per diluted share. Excluding special items, adjusted earnings per diluted share was $0.87 in the quarter.

‘Our fourth quarter results marked the culmination of a successful year as strong execution of our strategy, the strength of our increasing solutions-focused customer approach and growing market demand resulted in our best quarterly operating income performance since the fourth quarter of fiscal year 2014,’ said Tony Thene, Carpenter president and CEO.  ‘Highlights of our performance include SAO delivering operating income of US$74.1 million, its best quarterly performance since fiscal year 2013, with an operating margin of 18.7%.’

This story is reprinted from material from Carpenter, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.