Carpenter Tech Q4 EPS $0.78, adj. op. income $62.9M; guides Q1 above prior year

CARPENTER TECHNOLOGY CORP

2023-FY EPS reported $1.14 revenue$2,550,300,000

Net income $38.4M ($0.78 diluted EPS) vs $2.6M ($0.05) in Q4 FY2022.
Adjusted operating income $62.9M, up from $14.9M a year ago; SAO segment reached $80.0M (16.8% margin).
Net sales excluding surcharge up 39% YoY to $560.0M; generated $144M adjusted free cash flow in Q4.
Q1 FY2024 operating income guidance $61-67M, above the prior year's first quarter and historical seasonal decline.
CEO states exceeded goal to return to FY2019 profitability run-rate by end of FY2023; on track to double FY2019 op. income by FY2027.

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 0.95

CARPENTER TECHNOLOGY CORP reported fiscal 2023 fourth quarter ended June 30, 2023 results: revenue $758.1, net income $38.4, EPS $0.78.

Period: fiscal 2023 fourth quarter ended June 30, 2023
Revenue: $758.1
Net income: $38.4
EPS: $0.78
Result: reported results

Exact text from the filing

Net sales $ 758.1 $ 563.8 $ 2,550.3 $ 1,836.3 Net sales excluding surcharge (a) $ 560.0 $ 403.2 $ 1,848.0 $ 1,400.0 Operating income (loss) $ 62.9 $ 24.6 $ 133.1 $ (24.9 ) Adjusted operating income (loss) excluding special items (a) $ 62.9 $ 14.9 $ 133.1 $ (34.0 ) Net income (loss) $ 38.4 $ 2.6 $ 56.4 $ (49.1 ) Earnings (loss) per diluted share $ 0.78 $ 0.05 $ 1.14 $ (1.01 )

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CARPENTER TECHNOLOGY CORP updated its first quarter of fiscal year 2024 guidance (reaffirmed).

Period: first quarter of fiscal year 2024
Guidance: reaffirmed
Result: guidance update

Exact text from the filing

First Quarter Fiscal Year 2024 Outlook • Expect operating income to be in the range of $61 million to $67 million, in line with previous guidance • Expectations would exceed the operating income in the first quarter of fiscal year 2020, our most profitable first quarter in recent history, and be above the historical trend of a sequential seasonal decline in profits • With a strong first quarter, well positioned in fiscal year 2024 to take a meaningful step towards our long-term goal of doubling fiscal year 2019 operating income by fiscal year 2027 • Exceeding targeted productivity gains could accelerate earnings growth in fiscal year 2024 versus current projections

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

CARPENTER TECHNOLOGY CORP filing history →

Source: SEC EDGAR

accession 0001193125-23-199106

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.