Carpenter Technology Corporation provided earnings guidance for the second quarter, second half and full fiscal year of 2024. For the second quarter, the company expected operating income to be in line with the first quarter, in the range of $66.0 million to $72.0 million.

For the second half, the company expected operating income to increase 28%-35% compared to the first half of this fiscal year.

For the fiscal year 2024, the company expected $310 million to $330 million in total operating income.