Carpenter Technology Corporation (CRS)

Operating profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Operating income	US$ in thousands	323,100	133,100	-24,900	-248,600	25,300
Revenue	US$ in thousands	2,756,100	2,495,100	1,783,200	1,431,400	2,164,000
Operating profit margin		11.72%	5.33%	-1.40%	-17.37%	1.17%

June 30, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $323,100K ÷ $2,756,100K
= 11.72%

The operating profit margin of Carpenter Technology Corporation has shown varying trends over the past five years. In 2024, the operating profit margin improved significantly to 11.72%, a substantial increase from the previous year's 5.33%. This could indicate improved operational efficiency and cost management strategies implemented by the company.

In 2023, the operating profit margin was 5.33%, showing a positive trend compared to the negative operating profit margins in 2022 and 2021. In 2022, the company had a negative operating profit margin of -1.40%, which may have been influenced by various factors such as increased operating expenses relative to revenue generated.

The operating profit margin was at its lowest in 2021 at -17.37%, reflecting challenges faced by the company in that particular year. However, there was a slight improvement in 2020 with an operating profit margin of 1.17%.

Overall, the trend in operating profit margin for Carpenter Technology Corporation indicates that the company has made efforts to enhance its operational efficiency and profitability in recent years, particularly notable in the significant improvement seen in 2024.