カーペンターテクノロジーの適時開示・決算・その他

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

現行レポート

セクション13または15に基づいて(d)

1934年の証券取引所法の

報告書の日付2025年7月31日

CARPENTER TECHNOLOGY CORPORATION

(チャーターで指定された登録者の正確な名前)

デラウェア

1-5828

23-0458500

(の州または他の管轄区域

of incorporation)

(Commission

File Number)

(IRS Employer

I.D. No.)

1735 Market Street

Philadelphia, Pennsylvania

19103

(主要経営陣の住所)

(Zip Code)

(610) 208-2000

登録者の電話番号（市外局番を含む

Form8-Kの提出が、以下の条項のいずれかに基づく登録者の提出義務を同時に満たすことを意図している場合は、以下の該当するチェックボックスをチェックしてください：

☐	証券法に基づく規則425に従った書面によるコミュニケーション（17 cfr 230.425)

☐	取引所法の下でのルール14a-12（17 cfr 240.14a-12）に基づく資料の勧誘。)

☐	取引所法の規則14d-2(b)に基づく開始前のコミュニケーション（17 cfr 240.14d-2(b))

☐	証券取引法の規則13e-4(c)に基づく開始前のコミュニケーション（17 cfr 240.13e-4(c))

法第12条(b)に従って登録された、または登録が要求された証券：


Title of each class	TradingSymbol	登録されている各取引所名
普通株式、額面5ドル	CRS	New York Stock Exchange

登録者が1933年証券法規則405（本章230.405節）または1934年証券取引法規則12b-2（本章240.12b.2節）で定義される新興成長企業であるかどうかをチェックマークで示す。

Emerging growth company ☐

新興成長企業の場合、登録者が取引所法第13条(a)に従い提供される新規または改訂された財務会計基準に準拠するための移行期間の延長を利用しないことを選択した場合は、チェックマークで示す。☐

Item 2.02 - 営業成績および財務状況

2025 年 7 月 31 日、カーペンター・テクノロジー・コーポレーションは 2025 年第 4 四半期決算説明会を開催し、その模様はウェブキャストで生中継された。この電話会議中に発表されたスライドのコピーは、本フォーム 8-K の別紙 99.1 として提出されたものであり、いかなる目的においても「提出」されたものとはみなされません。

Item 9.01 - 財務諸表および添付資料

(d) Exhibits


ExhibitNo.		Descriptions

99.1		カーペンター・テクノロジー・コーポレーションの2025年度第4四半期決算説明会で発表されたスライド

104		カバーページインタラクティブ・データ・ファイル（inline xbrl形式で、別紙101に収録されています。)

1934年証券取引法の要件に従い、登録者は本報告書に正式に権限を付与された署名者により、登録者を代表して署名させた。


CARPENTER TECHNOLOGY CORPORATION

By		/s/ Timothy Lain
		Timothy Lain
		上席副社長兼最高財務責任者

Date: August 6, 2025

EX-99.1 2 d78576dex991.htm EX-99.1 EX-99.1

CARPENTER TECHNOLOGY CORPORATION 4th Quarter Fiscal Year 2025 Earnings Call July 31, 2025 Exhibit 99.1

Cautionary Statement Forward-looking statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Act of 1995. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected, anticipated or implied. The most significant of these uncertainties are described in Carpenter Technology’s filings with the Securities and Exchange Commission, including its report on Form 10-K for the fiscal year ended June 30, 2024, Form 10-Q for the fiscal quarters ended September 30, 2024, December 31, 2024, and March 31, 2025, and the exhibits attached to those filings. They include but are not limited to: (1) the cyclical nature of the specialty materials business and certain end-use markets, including aerospace, defense, medical, energy, transportation, industrial and consumer, or other influences on Carpenter Technology's business such as new competitors, the consolidation of competitors, customers, and suppliers or the transfer of manufacturing capacity from the United States to foreign countries; (2) the ability of Carpenter Technology to achieve cash generation, growth, earnings, profitability, operating income, cost savings and reductions, qualifications, productivity improvements or process changes; (3) the ability to recoup increases in the cost of energy, raw materials, freight or other factors; (4) domestic and foreign excess manufacturing capacity for certain metals; (5) fluctuations in currency exchange and interest rates; (6) the effect of government trade actions, including tariffs; (7) the valuation of the assets and liabilities in Carpenter Technology's pension trusts and the accounting for pension plans; (8) possible labor disputes or work stoppages; (9) the potential that our customers may substitute alternate materials or adopt different manufacturing practices that replace or limit the suitability of our products; (10) the ability to successfully acquire and integrate acquisitions; (11) the availability of credit facilities to Carpenter Technology, its customers or other members of the supply chain; (12) the ability to obtain energy or raw materials, especially from suppliers located in countries that may be subject to unstable political or economic conditions; (13) Carpenter Technology's manufacturing processes are dependent upon highly specialized equipment located primarily in facilities in Reading and Latrobe, Pennsylvania and Athens, Alabama for which there may be limited alternatives if there are significant equipment failures or a catastrophic event; (14) the ability to hire and retain a qualified workforce and key personnel, including members of the executive management team, management, metallurgists and other skilled personnel; (15) fluctuations in oil and gas prices and production; (16) the impact of potential cyber attacks and information technology or data security breaches; (17) the ability of suppliers to meet obligations due to supply chain disruptions or otherwise; (18) the ability to meet increased demand, production targets or commitments; (19) the ability to manage the impacts of natural disasters, climate change, pandemics and outbreaks of contagious diseases and other adverse public health developments; (20) geopolitical, economic, and regulatory risks relating to our global business, including geopolitical and diplomatic tensions, instabilities and conflicts, such as the war in Ukraine, the war between Israel and HAMAS, the war between Israel and Hezbollah, Houthi attacks on commercial shipping vessels and other naval vessels as well as compliance with U.S. and foreign trade and tax laws, sanctions, embargoes and other regulations; (21) challenges affecting the commercial aviation industry or key participants including, but not limited to production and other challenges at The Boeing Company; and (22) the consequences of the announcement, maintenance or use of Carpenter Technology’s share repurchase program. Any of these factors could have an adverse and/or fluctuating effect on Carpenter Technology's results of operations. The forward-looking statements in this document are intended to be subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. We caution you not to place undue reliance on forward-looking statements, which speak only as of the date of this presentation or as of the dates otherwise indicated in such forward-looking statements. Carpenter Technology undertakes no obligation to update or revise any forward-looking statements. Non-GAAP and other financial measures Financial information included in this presentation is unaudited. Some of the information included in this presentation is derived from Carpenter Technology's consolidated financial information but is not presented in Carpenter Technology's financial statements prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP). Certain of these data are considered “non-GAAP financial measures” under SEC rules. These non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure. Reconciliations to the most directly comparable GAAP financial measures and management’s rationale for the use of the non-GAAP financial measures can be found in the Appendix to this presentation.

4th QUARTER FISCAL YEAR 2025 Tony Thene | President and Chief Executive Officer

Safety is Our Highest Value Total case incident rate

Quarter Performance: record operating income, operating margins and cash generation Strong execution delivering record quarterly profit Adjusted Operating Income ($M) * Accelerated cash generation; continue to repurchase shares *Detailed schedule included in Non-GAAP Schedules in Appendix. SAO continues to expand adjusted operating margins SAO Adjusted Operating Margin (%) * SAO operating income of $167.0 million, up 19% year-over-year Margin expansion from higher productivity, improving mix and pricing actions Generated $201.3 million in adjusted free cash flow* in Q4 FY25 Includes investments in brownfield capacity expansion project Expanding margins, improvements in working capital Executed $24.1 million in share repurchases in Q4 FY25 $101.9 million of stock repurchases in fiscal year 2025 Part of $400.0 million share repurchase authorization Adjusted operating income up 21% year-over-year and 10% sequentially

Fourth Quarter Fiscal Year 2025 Net Sales MARKET Q4-25 NET SALES EX. SURCHARGE ($M)* % NET SALES EX. SURCHARGE VS. Q3-25 VS. Q4-24 AEROSPACE & DEFENSE $383.8 62% +3% +2% MEDICAL $76.8 12% +6% -16% ENERGY $44.6 7% +27% +22% TRANSPORTATION $22.0 4% 0% -17% INDUSTRIAL & CONSUMER $76.0 12% +5% -8% Increasing sales in strengthening demand environment Aerospace and Defense and Energy sales up sequentially and year-over-year Improving commercial aerospace outlook as build rates continue to ramp Aerospace engine demand remains high with ramping production and elevated MRO activity Medical demand remains positive, with ongoing increases in patient procedures  Power generation demand accelerating for new builds of industrial gas turbines (IGT) Overall, long-term demand remains robust, with increasing bookings and strong backlogs *Excludes sales through Carpenter’s Distribution businesses.

4th QUARTER FISCAL YEAR 2025 FINANCIAL OVERVIEW Tim Lain | Senior Vice President and Chief Financial Officer

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