Carpenter Technology Expects FY25 Operating Income Of $460M-$500M, Q1 Operating Income Of $114M-$120M
Portfolio Pulse from Benzinga Newsdesk
Carpenter Technology (CRS) has provided an optimistic outlook for Fiscal Year 2025, expecting operating income between $460M and $500M, and Q1 operating income between $114M and $120M. The company also anticipates generating $250M to $300M in adjusted free cash flow.
July 25, 2024 | 12:04 pm
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Carpenter Technology (CRS) has provided a strong financial outlook for FY25, expecting significant growth in operating income and free cash flow. This positive guidance is likely to boost investor confidence and drive the stock price up in the short term.
The optimistic financial projections for FY25 and Q1, along with strong free cash flow expectations, indicate robust business performance. This is likely to attract positive investor sentiment and drive the stock price higher.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100