CARPENTER TECHNOLOGY CORP updated its fiscal third quarter ended March 31, 2026 guidance (raised).
“On April 29, 2026, Carpenter Technology Corporation issued a press release announcing fiscal year 2026 third quarter results for the period ended March 31, 2026.”
Debt Financings
CARPENTER TECHNOLOGY CORP amended credit facility of $500 million with Bank of America, N.A., as administrative agent maturing the fifth anniversary of the closing of the Amendment.
“On November 20, 2025, the Company, Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer and the other lenders, agents and arrangers party to the Second Amended and Restated Credit Agreement (the “Credit Facility”), entered into an amendment and restatement of the Credit Facility (the “Amendment”). The Amendment (i) increases the revolving commitments under the Credit Facility from $350 million of secured commitments to $500 million of unsecured commitments, (ii) increases the uncommitted accordion feature under the Credit Facility allowing for an increase to the revolving commitments and/or the establishment of new term loans by an aggregate amount not to exceed $650 million, (iii) extends the maturity date of the Credit Facility to the fifth anniversary of the closing of the Amendment, and (iv) modifies certain other terms and covenants of the Credit Facility, including interest rates and financial covenant levels.”
Debt Financings
CARPENTER TECHNOLOGY CORP incurred senior notes of $700.0 million with U.S. Bank Trust Company, National Association, as trustee at 5.625% maturing March 1, 2034.
“On November 20, 2025, Carpenter Technology Corporation (the “Company”) completed its previously announced offer and sale of $700.0 million aggregate principal amount of 5.625% senior notes due 2034 (the “Notes”).”
Julie A. Beck was appointed as Director at CARPENTER TECHNOLOGY CORP.
“On February 20, 2025, the Board of Directors (the “Board”) of Carpenter Technology Corporation (the “Company”) appointed Julie A. Beck as a member of the Board effective immediately.”
Howard Yu was appointed as Member of the Board at CARPENTER TECHNOLOGY CORP.
“On October 8, 2024, the Board of Directors (the “Board”) of Carpenter Technology Corporation (the “Company”) appointed Howard Yu as a member of the Board effective October 9, 2024.”
Earnings Releases
CARPENTER TECHNOLOGY CORP reported financial results for third quarter fiscal year 2024.
“On May 1, 2024, Carpenter Technology Corporation held its third quarter fiscal year 2024 earnings call, broadcast live by webcast.”
Earnings Releases
CARPENTER TECHNOLOGY CORP updated its fiscal year 2026 guidance (raised).
“Pulling forward goal to achieve $460 million to $500 million in operating income from fiscal year 2027 to fiscal year 2026”
Earnings Releases
CARPENTER TECHNOLOGY CORP updated its fiscal year 2024 guidance (raised).
“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.”
Earnings Releases
CARPENTER TECHNOLOGY CORP updated its fourth quarter of fiscal year 2024 guidance (raised).
“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.”
Earnings Releases
CARPENTER TECHNOLOGY CORP reported fiscal third quarter ended March 31, 2024 results: revenue $684.9 million, net income $6.3 million, EPS $0.12.
“Financial Highlights Q3 Q2 Q3 ($ 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)”
Earnings Releases
CARPENTER TECHNOLOGY CORP reported financial results for second quarter fiscal year 2024.
“On January 25, 2024, Carpenter Technology Corporation held its second quarter fiscal year 2024 earnings call”
Earnings Releases
CARPENTER TECHNOLOGY CORP reported fiscal second quarter ended December 31, 2023 results: net income $42.7 million, EPS $0.85 earnings per diluted share.
“Carpenter Technology Corporation issued a press release announcing fiscal 2024 second quarter results for the period ended December 31, 2023.”
Kathy Hopinkah Hannan resigned as director at CARPENTER TECHNOLOGY CORP.
“On December 1, 2023, Dr. Kathy Hopinkah Hannan notified the board of directors of Carpenter Technology Corporation (the “Company”) of her intention to resign as a director of the Company, effective December 7, 2023.”
Brian Malloy was appointed as Senior Vice President and Chief Operating Officer at CARPENTER TECHNOLOGY CORP.
“On November 28, 2023, the Company appointed Brian Malloy, the Company’s Senior Vice President and Group President of the SAO business segment, to serve as the Company’s Senior Vice President and Chief Operating Officer, effective December 4, 2023.”
David Graf resigned as Vice President and Group President of the PEP business segment at CARPENTER TECHNOLOGY CORP.
“On November 28, 2023, David Graf resigned from his position as Vice President and Group President of the PEP business segment of Carpenter Technology Corporation (the “Company”), effective December 1, 2023.”
Shareholder Votes
CARPENTER TECHNOLOGY CORP shareholders approved Approval of Once Every One, Two or Three Years as the Frequency of Stockholder Advisory Votes on Executive Compensation, in an Advisory Vote at the 2023-10-10 meeting.
“The Company’s stockholders approved once every one year as the frequency of stockholder advisory votes on executive compensation, in an advisory vote: Votes For 1 Year Votes For 2 Years Votes For 3 Years Votes Abstained Broker Non-Votes 38,337,367 34,851 4,063,010 192,665 1,885,794”
Shareholder Votes
CARPENTER TECHNOLOGY CORP shareholders approved Approval of the Compensation of the Company’s Named Executive Officers, in an Advisory Vote at the 2023-10-10 meeting.
“The Company’s stockholders approved the compensation of the Company’s named executive officers, in an advisory vote: Votes For Votes Against Votes Abstained Broker Non-Votes 41,789,938 584,875 253,080 1,885,794”
Shareholder Votes
CARPENTER TECHNOLOGY CORP shareholders approved Ratification of Appointment of Independent Registered Public Accounting Firm at the 2023-10-10 meeting.
“The Company’s stockholders ratified the appointment of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm for fiscal year 2024: Votes For Votes Against Votes Abstained 43,056,411 1,270,051 187,225”
Shareholder Votes
CARPENTER TECHNOLOGY CORP shareholders approved Election of Four Directors at the 2023-10-10 meeting.
“The following nominees were elected to the Board of Directors for a term expiring in 2026: Nominee Votes For Votes Withheld Broker Non-Votes Steven E. Karol 38,606,036 4,021,857 1,885,794 Charles D. McLane, Jr. 41,105,527 1,522,366 1,885,794 Colleen S. Pritchett 40,347,285 2,280,608 1,885,794 Tony R. Thene 41,300,936 1,326,957 1,885,794”
Earnings Releases
CARPENTER TECHNOLOGY CORP updated its first quarter of fiscal year 2024 guidance (reaffirmed).
“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”
Earnings Releases
CARPENTER TECHNOLOGY CORP reported fiscal 2023 fourth quarter ended June 30, 2023 results: revenue $758.1, net income $38.4, EPS $0.78.
CARPENTER TECHNOLOGY CORP reported financial results for fourth quarter fiscal year 2023.
“On July 27, 2023, Carpenter Technology Corporation held its fourth quarter fiscal year 2023 earnings call, broadcast live by webcast.”
Colleen Pritchett was appointed as Director at CARPENTER TECHNOLOGY CORP.
“On June 1, 2023, the Board of Directors (the “Board”) of Carpenter Technology Corporation (the “Company”) appointed Colleen Pritchett as a member of the Board effective immediately.”
Earnings Releases
CARPENTER TECHNOLOGY CORP reported financial results for third quarter fiscal year 2023.
“On April 27, 2023, Carpenter Technology Corporation held its third quarter fiscal year 2023 earnings call, broadcast live by webcast.”
Earnings Releases
CARPENTER TECHNOLOGY CORP reported fiscal third quarter ended March 31, 2023 results: revenue $690.1, net income $18.6 million, EPS $0.38.
“we expect to realize accelerating sales momentum and improved margins.” Financial Highlights ($ in millions except per share amounts) Q3 FY2023 Q3 FY2022 Q2 FY2023 Net sales $ 690.1 $ 489.0 $ 579.1 Net sales excluding surcharge (a) $ 491.5 $ 369.0 $ 420.8 Operating income $ 39.3 $ 1.1 $ 22.6 Adjusted operating income (loss) excluding special items (a) $ 39.3”
Governance Changes
CARPENTER TECHNOLOGY CORP: Amended and restated bylaws to comply with universal proxy rules and make other clarifying and technical changes (effective 2023-04-18).
“On April 18, 2023, in connection with the universal proxy rules adopted by the U.S. Securities and Exchange Commission and related requirements (the “Universal Proxy Rules”) and a periodic review of the Bylaws of Carpenter Technology Corporation (“Carpenter” or the “Company”), the Board of Directors (the “Board”) of Carpenter amended the Company’s Amended and Restated Bylaws (the “Amended and Restated Bylaws”), effective as of the same date.”
Material Agreements
CARPENTER TECHNOLOGY CORP entered into Second Amended and Restated Credit Agreement with Bank of America, N.A., as administrative agent, and the other lenders party thereto valued at Revolving credit facility with $350 million initial commitment, expandable to the greater of $300 mi (effective 2023-04-14).
“On April 14, 2023, Carpenter Technology Corporation (the “Company”) entered into a secured revolving credit facility (the “Credit Facility”) by amending and restating the Company’s existing Amended and Restated Credit Agreement dated as of March 26, 2021 by and among the Company, the financial institutions party thereto, as lenders, Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer, and the other agents and arrangers party thereto, which had been set to expire on March 31, 2024 (the “Existing Credit Agreement”). The Second Amended and Restated Credit Agreement is entered into by and among the Company, Bank of America, N.A., as administrative agent, swing line lender and letter of credit issuer, and the other lenders party thereto (collectively, the “Lenders”), JPMorgan Chase Bank, N.A., as syndication agent, PNC Bank, National Association and U.S. Bank, National Association, each, as a documentation agent, and BofA Securities, Inc. and JPMorg”
Earnings Releases
CARPENTER TECHNOLOGY CORP reported fiscal first quarter ended September 30, 2022 results: net income $6.9 million, EPS $0.14 loss per diluted share.
“Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal first quarter ended September 30, 2022. For the quarter, the Company reported a net loss of $6.9 million, or $0.14 loss per diluted share.”
Earnings Releases
CARPENTER TECHNOLOGY CORP reported financial results for first quarter fiscal year 2023.
“On October 27, 2022, Carpenter Technology Corporation held its first quarter fiscal year 2023 earnings call, broadcast live by webcast.”
Ramin Younessi was appointed as Director at CARPENTER TECHNOLOGY CORP.
“On October 12, 2020, the Board of Directors (the “Board”) of Carpenter Technology Corporation (the “Company”), upon the recommendation of its Corporate Governance Committee, appointed Ramin Younessi to the Board.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.