CARPENTER TECHNOLOGY CORP

SUPPLEMENTARY DATA

Quarterly Financial Data (Unaudited)

Quarterly sales and earnings results can be influenced by seasonal factors with the first six months of the fiscal year typically being lower, principally because of annual plant vacation and maintenance shutdowns by us, as well as by many of our customers. However, the timing of major changes in the general economy or the markets for certain products can alter this pattern.

The quarterly financial data does not reflect special items as identified in Item 7 "Non-GAAP Financial Measures" discussed above. Special items included in the fiscal year ended June 30, 2024 results include: a goodwill impairment charge of $14.1 million; pre-tax restructuring and asset impairment charges of $16.9 million as a result of actions taken to streamline operations in the Carpenter Additive business; a pension settlement charge of $51.9 million; and an $18.4 million U.S. tax benefit that was generated as a result of the Carpenter Additive restructuring actions.