---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-22-275056"
form_type: "8-K"
ticker: "CRS"
cik: "0000017843"
company_name: "CARPENTER TECHNOLOGY CORP"
filed_at: "2022-11-01T23:59:59+00:00"
generated_at: "2026-06-22T19:02:15.224532+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-22-275056
- form_type: 8-K
- ticker: CRS
- cik: 0000017843
- company_name: CARPENTER TECHNOLOGY CORP
- filed_at: 2022-11-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/17843/000119312522275056/0001193125-22-275056-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/17843/000119312522275056/d415706d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-22-275056
- JSON: https://secwatch.observer/filing/0001193125-22-275056.json
- Plain text: https://secwatch.observer/filing/0001193125-22-275056.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/17843/000119312522275056/0001193125-22-275056-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.