Carpenter Technology Corporation recently announced financial results for the fiscal fourth quarter and year ended June 30, 2022. For the quarter, the company reported net income of $2.6m, or $0.05 earnings per diluted share. Excluding special items, adjusted earnings per share was $0.00 for the fourth quarter. "Our fourth quarter results marked a successful end to the year and place us on strong ground to deliver accelerated growth in fiscal year 2023," said Tony Thene, Carpenter Technology's president and CEO. "The quarter saw us return to a positive EPS as both the Specialty Alloy Operations (SAO) and Performance Engineered Products (PEP) segments outperformed our expectations.
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