{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-130672","form_type":"8-K","ticker":"CRS","cik":"0000017843","company_name":"CARPENTER TECHNOLOGY CORP","filed_at":"2024-05-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.086239+00:00","generated_at":"2026-06-02T23:15:06.341704+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Carpenter Tech Q3 adj. op income $90M record; raises Q4 guidance to $110-115M","bullets":["Q3 net sales $684.9M; adj. EPS $1.19 vs $0.38 a year ago.","SAO segment op income $103.5M, up 24% sequentially; margin 21.4%.","FY2024 adj. op income guidance raised to $339-344M (most profitable year).","Pull forward FY2027 op income target of $460-500M to FY2026.","Generated $61.9M adj. free cash flow in Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-130672","json":"https://secwatch.observer/filing/0001193125-24-130672.json","markdown":"https://secwatch.observer/filing/0001193125-24-130672.md","text":"https://secwatch.observer/filing/0001193125-24-130672.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/17843/000119312524130672/0001193125-24-130672-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/17843/000119312524130672/d631283d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T23:15:06.341704+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2897c0fc884654b39a3f5ae0ba8c2b9b819c6ef3","claim":"CARPENTER TECHNOLOGY CORP updated its fiscal year 2024 guidance (raised).","evidence_excerpt":"With the fourth quarter guidance, we are projecting $339 million to $344 million in adjusted operating income for fiscal year 2024, which would be the most profitable year for the Company on record.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/17843/000119312524130672/0001193125-24-130672-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2024"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"449ca5d48fcd6e8d28b5aab2d411adf384df77be","claim":"CARPENTER TECHNOLOGY CORP updated its fourth quarter of fiscal year 2024 guidance (raised).","evidence_excerpt":"Building on our operating momentum, we are raising our guidance for the fourth quarter of fiscal year 2024 and expect operating income in the range of $110 million to $115 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/17843/000119312524130672/0001193125-24-130672-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter of fiscal year 2024"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"9b7bcfd2603ec7016cc1ab9484dfb75ef0b2600d","claim":"CARPENTER TECHNOLOGY CORP updated its fiscal year 2026 guidance (raised).","evidence_excerpt":"Pulling forward goal to achieve $460 million to $500 million in operating income from fiscal year 2027 to fiscal year 2026","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/17843/000119312524130672/0001193125-24-130672-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year 2026"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"},{"claim_id":"fece4f9b1bb774b182aeb7aa369cfa53cc8a42b9","claim":"CARPENTER TECHNOLOGY CORP reported fiscal third quarter ended March 31, 2024 results: revenue $684.9 million, net income $6.3 million, EPS $0.12.","evidence_excerpt":"Financial Highlights Q3 Q2 Q3 ($ in millions, except per share amounts) FY2024 FY2024 FY2023 Net sales $ 684.9 $ 624.2 $ 690.1 Net sales excluding surcharge (a) $ 553.8 $ 485.3 $ 491.5 Operating income $ 75.9 $ 69.8 $ 39.3 Adjusted operating income excluding special item (a) $ 90.0 $ 69.8 $ 39.3 Net income $ 6.3 $ 42.7 $ 18.6 Earnings per diluted share $ 0.12 $ 0.85 $ 0.38 Adjusted earnings per diluted share (a) $ 1.19 $ 0.85 $ 0.38 Net cash provided from operating activities $ 83.4 $ 14.6 $ 4.3 Adjusted free cash flow (a) $ 61.9 $ (10.7 ) $ (16.2 ) (a)","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/17843/000119312524130672/0001193125-24-130672-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal third quarter ended March 31, 2024"},{"label":"Revenue","value":"$684.9 million"},{"label":"Net income","value":"$6.3 million"},{"label":"EPS","value":"$0.12"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}