---
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"
generated_at: "2026-06-02T23:15:06.341704+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Carpenter Tech Q3 adj. op income $90M record; raises Q4 guidance to $110-115M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-130672
- JSON: https://secwatch.observer/filing/0001193125-24-130672.json
- Plain text: https://secwatch.observer/filing/0001193125-24-130672.txt

## Key facts
- Earnings Releases
  CARPENTER TECHNOLOGY CORP updated its fiscal year 2024 guidance (raised).
  - Period: fiscal year 2024
  - Guidance: raised
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/17843/000119312524130672/0001193125-24-130672-index.htm
- Earnings Releases
  CARPENTER TECHNOLOGY CORP updated its fourth quarter of fiscal year 2024 guidance (raised).
  - Period: fourth quarter of fiscal year 2024
  - Guidance: raised
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/17843/000119312524130672/0001193125-24-130672-index.htm
- Earnings Releases
  CARPENTER TECHNOLOGY CORP updated its fiscal year 2026 guidance (raised).
  - Period: fiscal year 2026
  - Guidance: raised
  - Result: guidance update
  source text: Pulling forward goal to achieve $460 million to $500 million in operating income from fiscal year 2027 to fiscal year 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/17843/000119312524130672/0001193125-24-130672-index.htm
- Earnings Releases
  CARPENTER TECHNOLOGY CORP reported fiscal third quarter ended March 31, 2024 results: revenue $684.9 million, net income $6.3 million, EPS $0.12.
  - Period: fiscal third quarter ended March 31, 2024
  - Revenue: $684.9 million
  - Net income: $6.3 million
  - EPS: $0.12
  - Result: reported results
  source text: Financial Highlights Q3 Q2 Q3 ($ 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_url: https://www.sec.gov/Archives/edgar/data/17843/000119312524130672/0001193125-24-130672-index.htm

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