08:19 AM EDT, 10/24/2024 (MT Newswires) -- Carpenter Technology ( CRS ) reported fiscal Q1 adjusted earnings Thursday of $1.73 per diluted share, up from $0.88 a year earlier.

Analysts polled by Capital IQ expected $1.59.

Net sales for the quarter ended Sept. 30 were $717.6 million, up from $651.9 million a year earlier.

Analysts surveyed by Capital IQ expected $743 million.

The company said it expects fiscal 2025 operating income to be at the high end of a previously provided range of $460 million to $500 million.

Carpenter also said it expects fiscal Q2 operating income at between $116 million to $123 million.

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