Carpenter Technology Corporation (NYSE:CRS) Q2 2025 Earnings Conference Call January 30, 2025 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 - The Benchmark Company
Scott Deuschle - Deutsche Bank
Andre Madrid - BTIG
Bennett Moore - JPMorgan
Phil Gibbs - KeyBanc Capital Markets

Operator

Good day, and welcome to the Carpenter Technology's Corporation Second Quarter 2025 Earnings Conference Call. All participants will be in a listen-only mode. [Operator Instructions] Please note that this event is being recorded.

I would now like to turn the conference over to John Huyette, Vice President, 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 2025 second quarter ended December 31, 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 in slide movement.

Speakers on the call today are Johnny 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, 2024, Form 10-Q for the fiscal quarter ended September 30, 2024, and the exhibits attached to those filings.

Please also note that in the following discussion, unless otherwise noted, when management discus the sales or revenue, that reference excludes surcharge. When referring to operating margins, that is based on adjusted operating income, excluding