Carpenter Technology Corporation (NYSE:CRS) Q4 2024 Earnings Conference Call July 25, 2024 10:00 AM ET

Company Participants

John Huyette - VP of IR
Tony Thene - President and CEO
Tim Lain - SVP and CFO

Conference Call Participants

Gautam Khanna - TD Cowen
Josh Sullivan - Benchmark
Scott Deuschle - Deutsche Bank
Andre Madrid - BTIG
Phil Gibbs - KeyBanc Capital Markets

Operator

Good day, and welcome to the Carpenter Technology Fiscal Fourth Quarter and Full Year 2024 Earnings Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to John Huyette, Vice President of Investor Relations. Please go ahead.

John Huyette

Thank you, operator. Good morning, everyone, and welcome to the Carpenter Technology Earnings Conference Call for the Fiscal 2024 fourth quarter ended June 30, 2024. This call is also being broadcast over the Internet along with presentation slides. For those of you listening by phone, you may experience a time delay and 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 to 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, 2023, Forms 10-Q for the quarters ended September 30, 2023, December 31st, 2023, and March 31st, 2024, and the exhibits attached to those filings. Please note that in the following discussion, unless otherwise noted, when management discuss the sales or revenue, that reference excludes surcharge. When referring to operating margins, that is based on adjusted operating income, excluding Special Items and sales excluding surcharge.

I will now turn the call over to Tony.

Tony Thene

Thank you, John, and good morning to everyone on the call today.

I will begin on Slide 4 with a review of our safety performance. For fiscal year 2024, our total case incident rate was 1.8. Although a 1.8 injury rate was ranked as one of the safest metal manufacturing companies, it is not a rate we accept at Carpenter Technology.

Our goal is to be a zero injury workplace. As we enter fiscal year 2025, we continue to believe our zero injury goal is possible and we will continue to invest and work tirelessly to achieve that goal.