secwatch.observer — SEC 8-K summary
======================================

Issuer:     CARPENTER TECHNOLOGY CORP (CRS)
CIK:        0000017843
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001193125-23-267222
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Carpenter Tech Q1 EPS $0.88 beats; FY operating income guidance $310-330M
-------------------------------------------------------------------------

- Diluted EPS $0.88, net income $43.9M, vs loss of $0.14 per share in prior-year Q1.
- Operating income $69.0M, up 10% sequentially; SAO segment margin improved to 19.4% from 16.8%.
- Net sales $651.9M ($492.8M ex-surcharge); cash from ops $7.4M vs ($78.0M) a year ago.
- Q2 FY2024 operating income guided at $66-72M; full-year operating income expected $310-330M.
- CEO cites record backlog, productivity gains, and expects 28-35% H2 operating income growth vs H1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/17843/000119312523267222/0001193125-23-267222-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/17843/000119312523267222/d543191d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-267222

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