Carpenter Technology Corp. (CRS) reported second-quarter net income of $3.5 million or $0.08 per share compared to $29.8 million or $0.68 per share a year ago.
On average, 8 analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share for the quarter. Analysts' estimates typically exclude special items.
Net sales decreased to $263.8 million from $361.8 million last year. Analysts expected the company to report revenue of $266.83 million for the quarter.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.