John Hewitt
VP Investor Relations
Replay available
Carpenter Technology Corporation (NYSE: CRS) Q4 2025 earnings conference call, held 2025-07-31. Replay captured from the company's public earnings webcast.

VP Investor Relations
Senior Vice President and Chief Financial Officer
Analyst, KeyBank Capital Markets
Analyst, Deutsche Bank
Analyst, Benchmark Capital Markets
Analyst, BTIG
Analyst, J.P. Morgan
Analyst, TD Cowen
President and Chief Executive Officer
TRS Q4 FY25 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, again, press star one. Thank you. I would like to hand the call over to John Hewitt, VP Investor Relations. You may begin your conference. Thank you, operator. Good morning, everyone, and welcome to the Carpenter Technology earnings conference call for the fiscal 2025 fourth quarter ended June 30th, 2025. 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 Tony Tain, President and Chief Executive Officer, and Tim Lane, 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 10K for the year ended June 30th, 2024, forms 10Q for the quarters ended September 30th, 2024, December 31st, 2024, and March 31st, 2025, and the exhibits attached to those filings. Please note that in the following discussion, unless otherwise noted, when management discussed 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 n...