Carpenter Technology Q1 Profit Rises to $162.5 Million, EPS $3.25; Revenue Up 8.8% to $798.2 Million

Carpenter Technology Corp. (CRS) reported higher first-quarter earnings, with profit rising to $162.5 million, or $3.25 per share, from $122.5 million, or $2.43 per share, a year earlier. Revenue for the period increased 8.8% to $798.2 million from $733.7 million last year, the company said. The results reflect year-over-year growth in both GAAP earnings and sales for the specialty metals maker.