Filing Flows › Carpenter Technology (CRS) › Q3 FY25
Carpenter Technology (CRS) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Apr 24, 2025
Carpenter Technology (CRS) reported revenue of $727M for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and +7% from the quarter before. Operating margin was 19.0%, net earnings $95.4M (13.1% of revenue).
Carpenter Technology, Q3 FY25: revenue $727M (+6% year over year), operating margin 19.0%, net earnings $95.4M, operating cash flow $74.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $727M | +7% | +6% |
| Gross profit | $201M | +13% | +37% |
| Operating profit | $138M | +16% | +82% |
| Net earnings | $95.4M | +13% | 15× |
| Operating cash flow | $74.2M | +9% | -11% |
| Free cash flow | $34.0M | -12% | -45% |
What changed
Revenue was $727.0M in Q3 FY25, up 6% year over year and up 7% from the previous quarter. Aerospace and Defense was the largest line at 63% of revenue. Aerospace and Defense added $63.6M year over year (up 16%), 151% of the total change. Transportation declined 18%.
Gross margin was 27.6%, up 6.2 points from a year earlier. Operating profit was $137.8M, a 19.0% margin (up 7.9 points year over year). Of the extra revenue versus a year earlier, 147% reached operating profit, above the 11% margin then. Operating expenses fell 11% while revenue rose 6%. Net earnings were $95.4M, up 1414% year over year. The effective tax rate was 21.8%.
Operating cash flow was $74.2M (down 11% year over year), 78% of net earnings. Non-cash charges added back $35.4M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items used $63.0M. Capital expenditures of $40.2M left free cash flow of $34.0M.
Questions
What was Carpenter Technology's revenue in the third quarter fiscal 2025?
Carpenter Technology (CRS) reported revenue of $727M for the third quarter fiscal 2025 (Q3 FY25), +6% from a year earlier and +7% from the quarter before.
Was Carpenter Technology profitable in the third quarter fiscal 2025?
Operating profit was $138M (19.0% of revenue) and net earnings $95.4M.