08:39 AM EDT, 07/25/2024 (MT Newswires) -- Carpenter Technology ( CRS ) reported fiscal Q4 adjusted earnings Thursday of $1.82 per diluted share, up from $0.78 a year earlier.

Analysts polled by Capital IQ expected $1.51.

Net sales for the quarter ended June 30 were $798.7 million, up from $758.1 million a year earlier.

Four analysts surveyed by Capital IQ expected $763.8 million.

Additionally, Carpenter said its board authorized a stock repurchase plan of up to $400 million of its outstanding common shares.

Shares of the company were up 3.3% in recent Thursday premarket activity.

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