Carpenter Technology Corp (NYSE:CRS) Q3 2022 Earnings Conference Call April 28, 2022 10:00 AM ET
Company Participants
Brad Edwards - Investor Relations
Tony Thene - President, CEO & Director
Timothy Lain - SVP & CFO
Conference Call Participants
Joshua Sullivan - The Benchmark Company
Michael Leshock - KeyBanc Capital Markets
Gautam Khanna - Cowen and Company
Operator
Good morning, and welcome to the Carpenter Technology Fiscal 2022 Third Quarter Earnings Conference Call. [Operator Instructions]. Please note, this event is being recorded. I would now like to turn the conference over to Brad Edwards of Investor Relations. Please go ahead.
Brad Edwards
Thank you, operator. Good morning, everyone, and welcome to the Carpenter Technology Earnings Conference Call for the Fiscal 2022 Third Quarter ended March 31, 2022. This call is also being broadcast over the Internet along with presentation slides. Please note, for those of you listening by phone, you may experience a time delay in slide movement.
Speakers on the call today are Tony Thene, President and Chief Executive Officer; and Tim Lain, Senior Vice President and Chief Financial Officer.
Statements made by management during this earnings presentation that are forward-looking statements are based on current expectations. Risk factors that could cause actual results could differ materially from these forward-looking statements can be found in Carpenter Technology's most recent SEC filings, including the company's report on Form 10-K for the year ended June 30, 2021, Form 10-Q for the quarters ended September 30, 2021 and December 31, 2021 and the exhibits attached to those filings. Please also note that in the following discussion, unless otherwise noted, when the management discusses sales or revenue, that reference excludes surcharge. When referring to operating margins, that is based on operating income and sales, excluding surcharge. I will now turn the call over to Tony.
Tony Thene
Thank you, Brad, and good morning to everyone on the call today. Let's begin on Slide 4 and review of our safety performance. Through the third quarter, our total case incident rate was 1.0, holding at the same level from the prior quarter. It remains above our fiscal year 2021 performance of 0.6, which was our best fiscal year safety performance on record. Safety is our #1 core value, and we continue to push towards our ultimate goal to be a 0-injury workplace. Our path to 0 includes benchmark safety systems, leadership and employee engagement. We continue to invest in training to drive high levels of employee empowerment, further enabling our workforce as the first-line defense to injury prevention.