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Carpenter Technology Expects FY25 Operating Income Of $460M-$500M, Q1 Operating Income Of $114M-$120M

Author: Benzinga Newsdesk | July 25, 2024 08:04am

Fiscal Year 2025 Outlook

Expect operating income to be in the range of $460 million to $500 million, pulling forward financial goal 2 years from fiscal year 2027 to fiscal year 2025
With operating income guidance, expect to generate $250 million to $300 million in adjusted free cash flow, which represents approximately 85 percent conversion rate
For first quarter of fiscal year 2025, anticipate between $114 million and $120 million in operating income
Well positioned for continued growth beyond fiscal year 2025 with strong market demand outlook for our broad portfolio of specialized solutions, increasing productivity, optimizing product mix and pricing actions

Posted In: CRS