Carpenter Tech Q1 FY2023 net loss narrows to $6.9M, sales up 35%; backlog surges 155% YoY

CARPENTER TECHNOLOGY CORP

2023-Q1 EPS reported -$0.14 revenue$522,900,000

Net loss of $6.9M ($0.14 loss per share), improved from $14.8M loss ($0.31 loss) in prior year.
Net sales $522.9M, up 35% YoY; net sales excl. surcharge $375.7M, up 20% YoY.
Backlog up 10% sequentially and 155% YoY; Aerospace & Defense backlog up 190% YoY.
SAO segment at upper end of expectations; PEP segment slightly below due to Hurricane Ian at Dynamet facility.
Company targets operating income at FY2019 run rate by Q4 FY2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CARPENTER TECHNOLOGY CORP reported fiscal first quarter ended September 30, 2022 results: net income $6.9 million, EPS $0.14 loss per diluted share.

Period: fiscal first quarter ended September 30, 2022
Net income: $6.9 million
EPS: $0.14 loss per diluted share
Result: reported results

Exact text from the filing

Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal first quarter ended September 30, 2022. For the quarter, the Company reported a net loss of $6.9 million, or $0.14 loss per diluted share.

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CARPENTER TECHNOLOGY CORP filing history →

Source: SEC EDGAR

accession 0001193125-22-275056

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