Carpenter Technology Corporation reported earnings results for the second quarter and six months ended December 31, 2023. For the second quarter, the company reported sales was USD 624.2 million compared to USD 579.1 million a year ago. Net income was USD 42.7 million compared to USD 6.2 million a year ago. Basic earnings per share from continuing operations was USD 0.86 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 0.13 a year ago.
For the six months, sales was USD 1,276.1 million compared to USD 1,102 million a year ago. Net income was USD 86.6 million compared to net loss of USD 0.6 million a year ago. Basic earnings per share from continuing operations was USD 1.75 compared to basic loss per share from continuing operations of USD 0.02 a year ago. Diluted earnings per share from continuing operations was USD 1.73 compared to diluted loss per share from continuing operations of USD 0.02 a year ago.