secwatch.observer — SEC 8-K summary
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Issuer:     CARPENTER TECHNOLOGY CORP (CRS)
CIK:        0000017843
Form:       8-K
Filed at:   2023-07-31T23:59:59+00:00
Accession:  0001193125-23-199106
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/17843/000119312523199106/0001193125-23-199106-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/17843/000119312523199106/d511145d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-199106

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer