---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-130465"
form_type: "8-K"
ticker: "CRS"
cik: "0000017843"
company_name: "CARPENTER TECHNOLOGY CORP"
filed_at: "2023-05-01T23:59:59+00:00"
generated_at: "2026-06-16T05:12:54.408155+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Carpenter Technology Q3 EPS $0.38 vs loss $0.16 YoY; guides Q4 operating income $54-60M

## Summary
- Net income $18.6M ($0.38 diluted EPS) vs prior year loss $7.5M ($0.16 loss per share).
- Net sales excluding surcharge up 33% YoY to $491.5M; total net sales $690.1M.
- SAO segment operating income $49.0M; PEP segment $10.2M.
- Backlog up 10% sequentially and 70% year-over-year.
- Q4 FY2023 guidance: operating income $54-60M, targeting pre-pandemic profitability.

## SEC filing metadata
- accession: 0001193125-23-130465
- form_type: 8-K
- ticker: CRS
- cik: 0000017843
- company_name: CARPENTER TECHNOLOGY CORP
- filed_at: 2023-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/17843/000119312523130465/0001193125-23-130465-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/17843/000119312523130465/d439871d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-130465
- JSON: https://secwatch.observer/filing/0001193125-23-130465.json
- Plain text: https://secwatch.observer/filing/0001193125-23-130465.txt

## Key facts
- Earnings Releases
  CARPENTER TECHNOLOGY CORP reported fiscal third quarter ended March 31, 2023 results: revenue $690.1, net income $18.6 million, EPS $0.38.
  - Period: fiscal third quarter ended March 31, 2023
  - Revenue: $690.1
  - Net income: $18.6 million
  - EPS: $0.38
  - Result: reported results
  source text: we expect to realize accelerating sales momentum and improved margins.” Financial Highlights ($ in millions except per share amounts) Q3 FY2023 Q3 FY2022 Q2 FY2023 Net sales $ 690.1 $ 489.0 $ 579.1 Net sales excluding surcharge (a) $ 491.5 $ 369.0 $ 420.8 Operating income $ 39.3 $ 1.1 $ 22.6 Adjusted operating income (loss) excluding special items (a) $ 39.3
  evidence_url: https://www.sec.gov/Archives/edgar/data/17843/000119312523130465/0001193125-23-130465-index.htm

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