Carpenter Technology Says Significant Progress Towards Longer Term FY27 Goal Expected In FY24
Portfolio Pulse from Benzinga Newsdesk
Carpenter Technology has announced that it expects to make significant progress towards its long-term goal of doubling its fiscal year 2019 operating income by fiscal year 2027. This goal was communicated during the May 2023 Investor Day, and the company is optimistic due to a strong market demand outlook for its specialized solutions portfolio.
January 25, 2024 | 1:06 pm
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Carpenter Technology is on track to potentially double its FY2019 operating income by FY2027, with FY2024 expected to show significant progress.
The company's announcement of expected progress towards its FY2027 goal, based on strong market demand, is likely to be viewed positively by investors. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
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