Carpenter Technology Corp. Is Targeting Higher Growth in High-Margin Markets
Carpenter Technology Corporation (NYSE:CRS) is positioned to benefit from the robust demand for specialty alloys within the aerospace & defense and energy sectors. This demand, coupled with the company’s efforts to enhance productivity and pricing, is expected to drive significant growth and profitability.
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Currently, CRS’s Specialty Alloys Operations segment has seen its margins climb to 23% due to improved operational efficiencies and pricing strategies. Management projects operating income of $500-520 million for the current fiscal year (eFY25), and a long-term target of $765-800 million by eFY27. This growth is anticipated to come from increases in both pricing and volumes in high-margin markets.
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