$CRS
CARPENTER TECHNOLOGY CORP

2024 Q2 Form 10-Q Financial Statement

#000001784324000006 Filed on May 01, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $798.6M $684.9M
YoY Change 5.34% -0.75%
Cost Of Revenue $608.0M $537.9M
YoY Change -4.87% -9.84%
Gross Profit $190.6M $147.0M
YoY Change 60.17% 57.22%
Gross Profit Margin 23.87% 21.46%
Selling, General & Admin $65.40M $57.00M
YoY Change 16.58% 5.17%
% of Gross Profit 34.31% 38.78%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $33.80M $34.10M
YoY Change 0.9% 3.96%
% of Gross Profit 17.73% 23.2%
Operating Expenses $65.40M $57.00M
YoY Change 16.58% 5.17%
Operating Profit $125.2M $75.90M
YoY Change 99.05% 93.13%
Interest Expense -$10.70M $12.90M
YoY Change -24.11% -11.03%
% of Operating Profit -8.55% 17.0%
Other Income/Expense, Net -$3.700M -$52.90M
YoY Change 1750.0% 6512.5%
Pretax Income $93.90M $10.10M
YoY Change 93.21% -57.92%
Income Tax $300.0K $3.800M
% Of Pretax Income 0.32% 37.62%
Net Earnings $93.50M $6.300M
YoY Change 143.49% -66.13%
Net Earnings / Revenue 11.71% 0.92%
Basic Earnings Per Share $0.12
Diluted Earnings Per Share $1.84 $0.12
COMMON SHARES
Basic Shares Outstanding 49.61M shares 49.41M shares
Diluted Shares Outstanding 50.30M shares

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $199.1M $53.50M
YoY Change 347.42% 139.91%
Cash & Equivalents $199.1M $53.50M
Short-Term Investments
Other Short-Term Assets $94.10M $82.20M
YoY Change 41.72% -2.61%
Inventory $735.4M $796.1M
Prepaid Expenses
Receivables $562.6M $521.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.591B $1.453B
YoY Change 24.13% 9.03%
LONG-TERM ASSETS
Property, Plant & Equipment $1.335B $1.351B
YoY Change -3.51% -2.33%
Goodwill $227.3M $227.3M
YoY Change -5.84% -5.84%
Intangibles $23.80M
YoY Change -21.19%
Long-Term Investments
YoY Change
Other Assets $115.3M $114.0M
YoY Change -2.37% 12.65%
Total Long-Term Assets $1.701B $1.723B
YoY Change -4.03% -2.19%
TOTAL ASSETS
Total Short-Term Assets $1.591B $1.453B
Total Long-Term Assets $1.701B $1.723B
Total Assets $3.292B $3.176B
YoY Change 7.79% 2.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $263.9M $275.2M
YoY Change -5.11% -4.44%
Accrued Expenses $202.4M $178.2M
YoY Change 11.64% 20.9%
Deferred Revenue $12.30M $13.70M
YoY Change -12.14% 1.48%
Short-Term Debt $0.00 $0.00
YoY Change -100.0%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $466.3M $453.4M
YoY Change 1.5% -16.65%
LONG-TERM LIABILITIES
Long-Term Debt $694.2M $693.9M
YoY Change 0.17% 0.17%
Other Long-Term Liabilities $99.60M $99.30M
YoY Change -70.28% 8.88%
Total Long-Term Liabilities $793.8M $793.2M
YoY Change -22.79% 1.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $466.3M $453.4M
Total Long-Term Liabilities $793.8M $793.2M
Total Liabilities $1.663B $1.674B
YoY Change 0.31% -5.29%
SHAREHOLDERS EQUITY
Retained Earnings $1.375B $1.291B
YoY Change 11.93% 7.63%
Common Stock $637.5M $616.4M
YoY Change 4.66% 2.7%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.629B $1.503B
YoY Change
Total Liabilities & Shareholders Equity $3.292B $3.176B
YoY Change 7.79% 2.65%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $93.50M $6.300M
YoY Change 143.49% -66.13%
Depreciation, Depletion And Amortization $33.80M $34.10M
YoY Change 0.9% 3.96%
Cash From Operating Activities $169.5M $83.50M
YoY Change -3.09% 1841.86%
INVESTING ACTIVITIES
Capital Expenditures $27.70M $21.60M
YoY Change -10.06% 5.37%
Acquisitions
YoY Change
Other Investing Activities $600.0K $100.0K
YoY Change
Cash From Investing Activities -$27.10M -$21.50M
YoY Change -12.01% 4.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.000M -23.80M
YoY Change -104.27% -225.26%
NET CHANGE
Cash From Operating Activities 169.5M 83.50M
Cash From Investing Activities -27.10M -21.50M
Cash From Financing Activities 5.000M -23.80M
Net Change In Cash 147.4M 38.20M
YoY Change 447.96% 1264.29%
FREE CASH FLOW
Cash From Operating Activities $169.5M $83.50M
Capital Expenditures $27.70M $21.60M
Free Cash Flow $141.8M $61.90M
YoY Change -1.6% -482.1%

Facts In Submission

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us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
68900000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
51500000 usd
CY2024Q1 us-gaap Assets
Assets
3176200000 usd
CY2023Q2 us-gaap Assets
Assets
3053900000 usd
CY2024Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-16300000 usd
CY2024Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-43400000 usd
CY2024Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
27100000 usd
CY2023Q1 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-7800000 usd
CY2023Q1 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-300000 usd
CY2023Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-7500000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
-19800000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
-47500000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
27700000 usd
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
2900000 usd
us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
3500000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-600000 usd
CY2024Q1 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q1 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false
CY2024Q1 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false

Files In Submission

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0000017843-24-000006-index-headers.html Edgar Link pending
0000017843-24-000006-index.html Edgar Link pending
0000017843-24-000006.txt Edgar Link pending
0000017843-24-000006-xbrl.zip Edgar Link pending
crs-20240331.htm Edgar Link pending
crs-20240331.xsd Edgar Link pending
crs-ex10ax2024331.htm Edgar Link pending
crs-ex10bx2024331.htm Edgar Link pending
crs-ex10cx2024331.htm Edgar Link pending
crs-ex10dx2024331.htm Edgar Link pending
crs-ex31ax2024331.htm Edgar Link pending
crs-ex31bx2024331.htm Edgar Link pending
crs-ex32x2024331.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
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crs-20240331_cal.xml Edgar Link unprocessable
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crs-20240331_htm.xml Edgar Link completed
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