8-KEarnings & ResultsExhibits & Filings

CARPENTER TECHNOLOGY CORP 8-K Report, Financial Results (Oct 27, 2017)

Filed October 27, 2017For Securities:CRS

Summary

Carpenter Technology Corporation (CRS) filed an 8-K on October 27, 2017, primarily to announce its fiscal 2018 first quarter results for the period ended September 30, 2017. The key information for investors is contained within the press release furnished as Exhibit 99.1, which details the company's financial performance and condition for the quarter. While the 8-K itself does not provide the detailed financial figures, it directs investors to the accompanying press release for operational results. Investors should review this press release to understand the company's revenue, profitability, and any significant operational developments during the first quarter of fiscal 2018. The filing also confirms that Carpenter Technology is an emerging growth company but has not elected to use the extended transition period for new accounting standards.

Key Highlights

  • 1Carpenter Technology Corporation filed an 8-K on October 27, 2017.
  • 2The primary purpose of the filing is to report the fiscal 2018 first quarter results (period ended September 30, 2017).
  • 3The detailed financial results are provided in a press release, furnished as Exhibit 99.1.
  • 4The press release is not considered 'filed' for SEC purposes but is provided for informational value.
  • 5The company is identified as an 'emerging growth company'.
  • 6Carpenter Technology has opted out of the extended transition period for new accounting standards.
  • 7The filing was signed by Damon J. Audia, Sr. Vice President - Chief Financial Officer.

Frequently Asked Questions

The actual financial results are detailed in the press release furnished as Exhibit 99.1 to this Form 8-K. Investors should refer to that document for specific figures related to revenue, earnings, and other financial metrics.

An 'emerging growth company' generally refers to a company with total annual gross revenues of less than $1 billion during its most recently completed fiscal year. This status can allow for certain regulatory accommodations, including an extended transition period for complying with new or revised financial accounting standards.

The 8-K states that the company has elected not to use the extended transition period. This implies the company intends to adopt new or revised accounting standards as they become effective for all companies, rather than delaying adoption. The specific reasons for this decision are not detailed in this filing.

No, the press release furnished as Exhibit 99.1 is not deemed 'filed' for the purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities of that section. It is provided for informational purposes.