| Three Months Ended | Nine Months Ended | |||||||||||||||
| March 31, | March 31, | |||||||||||||||
| ADJUSTED FREE CASH FLOW | 2023 | 2022 | 2023 | 2022 | ||||||||||||
| Net cash provided from (used for) operating activities | $ | 4.3 | $ | 35.3 | $ | (160.2 | ) | $ | (101.0 | ) | ||||||
| Purchases of property, plant, equipment and software | (20.5 | ) | (25.1 | ) | (51.5 | ) | (58.5 | ) | ||||||||
| Proceeds from disposals of property, plant and equipment and assets held for sale | — | — | — | 1.8 | ||||||||||||
| Dividends paid | (9.8 | ) | (9.8 | ) | (29.5 | ) | (29.4 | ) | ||||||||
| Adjusted free cash flow | $ | (26.0 | ) | $ | 0.4 | $ | (241.2 | ) | $ | (187.1 | ) | |||||
Carpenter Technology Reports Third Quarter Fiscal Year 2023 Results
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Management believes that earnings (loss) per share adjusted to exclude the impact of the special items is helpful in analyzing the operating performance of the Company, as these items are not indicative of ongoing operating performance. Management uses its results excluding these amounts to evaluate its operating performance and to discuss its business with investment institutions, the Company’s board of directors and others.
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