31
Jan
16:50
Carpenter sees fiscal second-quarter earnings drop
US specialty metals producer Carpenter Technology Corporation saw its profits hold steady from the fiscal first to the fiscal second quarter of 2019, though they dipped substantially on-year.
Carpenter earned $35.5 million in fiscal Q2 2019 on sales of $556.5m, up from earnings of $31.5m in fiscal Q1 but down from earnings of $92.1m in fiscal Q2 2018, Kallanish notes.
“Overall, demand levels across our end-use markets remain strong and four of our five …
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