secwatch.observer — SEC 8-K summary
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Issuer:     CARPENTER TECHNOLOGY CORP (CRS)
CIK:        0000017843
Form:       8-K
Filed at:   2022-10-13T23:59:59+00:00
Accession:  0001193125-22-262260
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carpenter Tech reaffirms FY23 outlook; Q1 prelim EPS loss ($0.16)-($0.14) from Hurricane Ian
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- SAO segment operating income $19.5-20.0M, upper end of prior $18-20M guidance.
- PEP segment operating income $6.0-6.5M, below $7-9M guidance due to Hurricane Ian at Dynamet facility.
- Total operating income expected $7.5-8.5M for Q1 fiscal 2023; EPS range ($0.16)-($0.14).
- FY23 operating income target of FY2019 levels by Q4 reaffirmed; order entry drives backlog growth.
- Corporate costs ~$18.0M, interest $12.6M, effective tax rate 12-13%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/17843/000119312522262260/0001193125-22-262260-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/17843/000119312522262260/d381569d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-262260

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