Core Viewpoint - Carpenter Technology Corporation (CRS) is expected to report strong revenue and earnings growth in its upcoming fiscal Q2 2025 results, driven by demand in aerospace, defense, and medical applications, despite facing challenges from labor and chip shortages [2][7][8]. Financial Performance - The Zacks Consensus Estimate for CRS's revenues is $718 million, reflecting a 15% increase from the previous year [2]. - The earnings estimate for CRS is $1.58 per share, indicating a significant year-over-year increase of 85.9% [2]. - CRS has a history of beating earnings estimates, with an average surprise of 14.1% over the last four quarters [3]. Segment Performance - The Specialty Alloys Operations segment is projected to generate sales of $620 million, a 12.8% increase from the same quarter last year, with an expected operating profit of $139 million, up from $83.3 million [9]. - Performance Engineered Products' net sales are anticipated to rise by 11.1% year over year to $106 million, with an estimated operating profit of $6.9 million [10]. Stock Performance - Carpenter Technology's stock has increased by 208.4% over the past year, significantly outperforming the industry average growth of 72% [11].

Core Viewpoint - Carpenter Technology Corporation (CRS) has experienced significant stock performance, achieving a 209.7% increase over the past year, driven by strong demand in key end-use markets and solid financial results [1][3]. Group 1: Stock Performance - CRS shares reached a new 52-week high of $207.99 before closing at $206.58, with a market capitalization of $10.3 billion [1]. - The company's stock has outperformed the industry growth of 65.4% and the S&P 500 index's rise of 26.5% over the past year [1]. Group 2: Financial Performance - In the first quarter of fiscal 2025, CRS reported an adjusted operating income of $117 million, marking its most profitable first quarter on record [4]. - The company anticipates operating income to be at the high end of its revised target of $460-$500 million for fiscal 2025, previously set for fiscal 2027 [7]. Group 3: Market Demand and Growth - Carpenter Technology is experiencing strong demand recovery in aerospace, defense, and medical end-use markets, which is expected to continue through fiscal 2025 [5]. - The aerospace sector is benefiting from increased global travel, with demand accelerating across all aerospace submarkets [6]. Group 4: Backlog and Future Outlook - The company reported near-record backlog levels in the first quarter of fiscal 2025, supported by strong booking growth, indicating positive near and long-term outlooks for its end-use markets [3]. - The anticipated growth will be driven by higher prices, improved product mix, and increased shipment volumes [8]. Group 5: Financial Health - At the end of the first quarter of fiscal 2025, Carpenter Technology had total liquidity of $499 million, consisting of $150 million in cash and $349 million in available borrowings [9]. - The company has authorized a share repurchase program of up to $400 million, reflecting confidence in its financial position [9].

Market Overview - U.S. stock markets have experienced significant volatility since the start of 2025, with concerns surrounding inflation and interest rates [1] - The Federal Reserve reduced the benchmark lending rate by 1% in 2024 and indicated another potential 1% cut in 2025, but strong economic indicators have raised doubts about further cuts this year [1] Stock Performance - Several stocks have shown price strength, particularly those on a recent bull run, indicating potential for continued momentum [2] - Five highlighted stocks include OppFi Inc. (OPFI), DXP Enterprises Inc. (DXPE), Carpenter Technology Corp. (CRS), United Airlines Holdings Inc. (UAL), and Gulfport Energy Corp. (GPOR) [2] Stock Screening Criteria - Stocks must show a percentage change in price greater than zero over the last four weeks, indicating upward movement [4] - A percentage change in price greater than 10% over the last 12 weeks is required to ensure sustained momentum [4] - Stocks should have a Zacks Rank of 1 (Strong Buy) and an average broker rating of 1 or 2, indicating strong future performance expectations [5] - Current stock prices must be above $5 and trading near their 52-week highs, with a price/52-week high-low range greater than 85% [6] Individual Stock Highlights - **OppFi Inc. (OPFI)**: Stock price increased by 28.5% in the past four weeks, with expected earnings growth of 16.3% for the current year [8][7] - **DXP Enterprises Inc. (DXPE)**: Stock price rose by 13.6% in the past four weeks, with expected earnings growth of 5.9% for the current year [10][9] - **Carpenter Technology Corp. (CRS)**: Stock price surged by 10.1% in the past four weeks, with an expected earnings growth rate of 42.8% for the current year [13][12] - **United Airlines Holdings Inc. (UAL)**: Stock price advanced by 9.7% in the past four weeks, with expected earnings growth of 20.3% for the current year [15][14] - **Gulfport Energy Corp. (GPOR)**: Stock price gained 6.8% in the past four weeks, with expected earnings growth of 51% for the current year [17][16]

Group 1: DXP Enterprises - DXP Enterprises is a leading products and service distributor providing value and cost-saving solutions to industrial customers across the United States, Canada, Mexico, and Dubai [1] - The company has a Zacks Rank of 1 (Strong Buy) and its current year earnings estimate has increased by 14.3% over the last 60 days [1] - DXP Enterprises' shares have gained 47.5% over the last three months, significantly outperforming the S&P 500's gain of 5.4% [2] Group 2: Dolby Laboratories - Dolby Laboratories develops audio and imaging technologies that enhance entertainment across user-generated content, TV shows, films, music, and gaming [2] - The company also holds a Zacks Rank of 1 and has seen a 2.9% increase in its current year earnings estimate over the last 60 days [2] - Dolby Laboratories' shares have increased by 8.6% over the last three months, again outperforming the S&P 500's gain of 5.4% [3] Group 3: Carpenter Technology - Carpenter Technology is a producer and distributor of premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools [4] - The company has a Zacks Rank of 1 and its current year earnings estimate has risen by 6.7% over the last 60 days [4] - Carpenter Technology's shares have appreciated by 11.5% over the last three months, also surpassing the S&P 500's gain of 5.4% [5]

Industry Overview - The steel industry has experienced a loss of momentum after a strong performance earlier in the year, with steel prices undergoing a sharp downward correction both in the United States and globally [1][3] - A significant pullback in steel prices has been observed, with benchmark hot-rolled coil (HRC) prices dropping over 40% from $1,200 per short ton at the start of 2024 to around $700 per short ton [3][4] - Factors contributing to the downturn include oversupply, reduced demand from key industries, economic uncertainties, and sluggish industrial production and construction activities [4][5] Demand Dynamics - Steel demand in China has softened due to a slowdown in the economy, particularly following a protracted property crisis, which has significantly impacted the real estate sector that accounts for approximately 40% of China's steel consumption [5] - The global automotive production slowdown has also curtailed steel consumption, while high interest rates have dampened demand in the U.S. construction sector [6] - Despite challenges, demand from non-residential construction remains strong, driven by government initiatives for infrastructure projects, which are expected to continue into 2025 [6] Company Performances - Certain steel companies have shown resilience and delivered impressive performances in 2024, including Carpenter Technology Corporation, Universal Stainless & Alloy Products, L.B. Foster Company, and Worthington Steel [2][7] - Carpenter Technology has a strong financial position and is benefiting from demand in aerospace and defense, with expected earnings growth of 42.2% for fiscal 2025 and a share price increase of 156.5% year to date [10][11] - Universal Stainless & Alloy Products is experiencing significant growth in the aerospace market, with an expected earnings growth rate of 522.4% for 2024 and a share price increase of 120.2% year to date [12][13] - L.B. Foster is seeing growth in its Rail Technologies and Precast Concrete businesses, with an expected earnings growth of 3,146.2% for 2024 and a share price increase of 31.5% year to date [14][15][16] - Worthington Steel is focused on value-added solutions and investments in the electrical steel market, with stable earnings estimates and a share price increase of 57.5% year to date [16][17]

U.S. stock markets have witnessed renewed momentum in 2024 after an impressive 2023. The bull run continued for the past 21 months, barring some minor fluctuations. Meanwhile, market participants are expecting a 70% chance for another 25 basis points by the Fed in December. If this materializes, then the central bank will reduce the benchmark lending rate by 1% in 2024. Aside from the three major stock indexes, the mid-cap-centric S&P 400 index has also rallied 21.4% year to date. Within the mid-cap space, ...

Investors might want to bet on Carpenter Technology (CRS) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this maker of stainless steels and special alloys, should get reflected in its stock price. After all, empirical researc ...

Exhibit 99.1 Investor Inquiries: Media Inquiries: John Huyette Heather Beardsley +1 610-208-2061 +1 610-208-2278 jhuyette@cartech.com hbeardsley@cartech.com CARPENTER TECHNOLOGY REPORTS FIRST QUARTER FISCAL YEAR 2025 RESULTS Delivered Record First Quarter Operating Income Exceeded First Quarter Operating Income Guidance for Specialty Alloys Operations Segment Expanded Operating Margins in Specialty Alloys Operations Segment Generated Positive Adjusted Free Cash Flow Repurchased Shares Against Authorized Sha ...

Core Viewpoint - Carpenter Technology Corporation (CRS) reported strong financial results for the first quarter of fiscal 2025, with adjusted earnings per share (EPS) of $1.73, surpassing estimates and showing significant year-over-year growth [1][2]. Financial Performance - Net revenues increased by 10.1% year-over-year to $718 million, driven by a 3% rise in shipment volume, exceeding the Zacks Consensus Estimate of $708 million [2]. - The cost of goods sold rose by 2.6% year-over-year to $541 million, while gross profit surged by 42.1% to $176 million [4]. - Adjusted operating income was $117 million, up from $69 million in the prior year, with an adjusted operating margin of 15.8%, compared to 10.6% in the previous year [4]. Segment Performance - The Aerospace and Defense market saw a revenue increase of 34.1%, while the Energy market experienced a decline of 27.7% [3]. - Specialty Alloys Operations segment reported sales of $645 million, up from $570 million year-over-year, although it slightly missed the estimated $618 million [5]. - Performance Engineered Products segment's net sales fell by 1% to $101 million, missing the estimate of $108 million [6]. Cash Flow and Balance Sheet - Cash and cash equivalents at the end of the quarter were $150 million, down from $199 million at the end of fiscal 2024, while long-term debt increased slightly to $694.5 million [8]. - Cash flow from operating activities improved significantly to $40.2 million, compared to $7.4 million in the prior-year quarter [8]. Share Price Performance - Shares of Carpenter Technology have increased by 148.7% over the past year, outperforming the industry growth of 67.2% [10].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-5828 CARPENTER TECHNOLOGY CORPORATION (Exact name of Registrant as specified in its Charter) Delaware 23-045 ...