secwatch.observer — SEC 8-K summary
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Issuer:     CARPENTER TECHNOLOGY CORP (CRS)
CIK:        0000017843
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001193125-22-275056
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/17843/000119312522275056/0001193125-22-275056-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/17843/000119312522275056/d415706d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-275056

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