Carpenter Technology (CRS) reported fiscal Q3 adjusted earnings Thursday of $1.88 per diluted share, up from $1.19 a year earlier.

Analysts polled by FactSet expected $1.74.

Net sales for the quarter that ended March 31 were $727 million, up from $684.9 million a year ago.

Analysts surveyed by FactSet expected $729.8 million.

The company said it now expects fiscal 2025 operating income of between $520 million and $527 million, compared with its earlier guidance of $500 million to $520 million.

Analysts polled by FactSet expect $512.2 million.

Carpenter also said it expects fiscal Q4 operating income of $146 million to $153 million. Analysts surveyed by FactSet expect $148.1 million.