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Carpenter Technology CRS Material Reconciling Items — Pension Earnings Interest And Deferrals

Discontinued — last reported Q3 '18

Similar metrics at other companies

Crown Holdings logo
CCKMaterial Reconciling Items — Defined Benefit Plan Net Periodic Benefit Cost Credit Excluding Service Cost
-$17M-41.7%
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SPXCMaterial Reconciling Items — Pension And Other Postretirement Benefit Expense
$0-100%
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EQHMaterial Reconciling Items — Actuarial Gain Loss Adjustments Related To Defined Benefit Plan
-$131M-285%
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RMaterial Reconciling Items — Sharebased Compensation Expenseand Nonoperating Pension Costs
$9.28M-20.6%
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HPQMaterial Reconciling Items — Non Operating Retirement Related Credits
-$40M+31.0%
Ryder System logo
RMaterial Reconciling Items — Definedbenefitplanlumpsumsettlementchargepretax
$3.6M

Other financials

Income statement

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Revenue$811.5M+11.6%
Gross profit$251.8M+25.4%
Operating income$186.5M+35.3%
Net income$139.6M+46.3%
EPS (diluted)$2.77+47.3%

Balance sheet

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Cash & equivalents$294.8M+94.6%
Total debt$699.3M-0.5%
Total equity$2.1B+16.0%
Total assets$3.7B+9.4%

Cash flow

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Operating cash flow$193.5M+161%
CapEx$68.7M+70.9%
Free cash flow$124.8M+266%

Valuation

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Market cap$29.14B+117%
Enterprise value$29.54B+109%
P/E60.8×+23.3×
P/S9.6×+5.0×

Profitability

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Gross margin29.7%+4.2pp
Operating margin21.3%+5.0pp
Net margin15.8%+3.6pp
FCF margin13.5%+5.6pp

Returns & leverage

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Return on equity24.9%+3.1pp
Debt / equity0.3×-0.1×
Current ratio3.7×0.0×

Where this comes from

Reported directly by Carpenter Technology in its filing.

Tagged under the XBRL concept crs:PensionEarningsInterestAndDeferrals.

The official record: Carpenter Technology’s 10-Q, filed April 26, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — pension earnings interest and deferrals mean?
This represents the non-operating financial impact of pension plan accounting adjustments that are excluded from core segment earnings.
How do you interpret material reconciling items — pension earnings interest and deferrals?
An increase in this expense reduces consolidated net income, while a decrease or a gain from pension accounting improves the bottom line without reflecting changes in manufacturing efficiency or sales volume.
How does material reconciling items — pension earnings interest and deferrals compare across companies?
Similar to 'Net Periodic Pension Cost' or 'Non-Operating Pension Adjustments' found in the reconciliation tables of other industrial manufacturing firms with legacy defined benefit plans.