34% sales increase for Carpenter

Carpenter Technology has reported net sales of US$563.8 million in Q4 2022, up from US$421.6 million in the same period of 2021, an increase of 34%.

“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, president and CEO. “The quarter saw us return to a positive EPS as both them Specialty Alloy Operations (SAO) and Performance Engineered Products (PEP) segments outperformed our expectations.

“Looking ahead, we expect to see continued growth across our end-use markets, especially in aerospace, defense and medical applications, where customers are still ramping to pre-pandemic levels.”