08:29 AM EST, 01/30/2025 (MT Newswires) -- Carpenter Technology ( CRS ) reported fiscal Q2 adjusted earnings Thursday of $1.66 per diluted share, up from $0.85 a year earlier.

Analysts polled by FactSet expected $1.61.

Net sales for the quarter ended Dec. 31 were $676.9 million, up from $624.2 million a year earlier.

Analysts surveyed by FactSet expected $721 million.

The company said it now expects fiscal 2025 operating income of between $500 million and $520 million, compared with its earlier guidance at the high end of $460 million to $500 million.

Analysts polled by FactSet expect $503.3 million.

Carpenter also said it expects fiscal Q3 operating income of $126 million to $134 million. Analysts surveyed by FactSet expect $127.9 million.

Shares of the company were down 4% in recent Thursday premarket activity.