Carpenter Technology provides longer-term 2027 outlook

Goal to double fiscal year 2019 operating income by fiscal year 2027; Target represents a 40% CAGR over the period from fiscal year 2023 to fiscal year 2027; Significant progress towards goal expected in fiscal year 2024; Strong market demand outlook for our broad portfolio of specialized solutions; Leading capabilities and capacity in place to achieve goal; Expanding capacity via higher throughput while optimizing product mix; Opportunity to accelerate attainment of fiscal year 2027 goal