Carpenter Technology Corp. provided earnings guidance for the second quarter ended December 31, 2012. The company reported that it expects net sales, excluding surcharge, of $431 million for its second fiscal quarter ended December 31, 2012.

This compares to $441 million reported in the first fiscal quarter of 2013, and is 30% higher than the second quarter of fiscal year 2012. The company now expects second quarter earnings per diluted share to be approximately $0.61 to $0.62, which is about 20% higher than the prior fiscal second quarter, but below the $0.74 per diluted share reported in the first quarter of fiscal year 2013.