UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                        Date of Report - October 24, 2005
                      ------------------------------------
                        (Date of Earliest Event Reported)


                        Carpenter Technology Corporation
                        --------------------------------
             (Exact Name of Registrant as specified in its charter)


        Delaware                        1-5828                       23-0458500
      -------------                  ----------                      ----------
(State of Incorporation)         (Commission File No.)            (IRS Employer
                                                                     I.D. No.)


                   P.O. Box 14662, Reading Pennsylvania, 19612
               ---------------------------------------------------
                    (Address of principal executive offices)

Registrant's telephone number, including area code (610)208-2000
----------------------------------------------------------------

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c)





Item 2.02 Results of Operations and Financial Condition

On October 24, 2005, Carpenter Technology Corporation issued a press release
discussing fiscal 2006 first quarter results for the period ended September 30,
2005. The press release, attached as Exhibit 99 hereto and incorporated herein
by reference, is being furnished pursuant to Item 2.02 and shall not be deemed
to be "filed" for any purpose.

Item 9.01  Financial Statements and Exhibits.


     (a) and (b) None.

     (c) Exhibit:

     Exhibit 99. Press Release dated October 24, 2005






                                   SIGNATURES
                                   ----------

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.



Date:  October 24, 2005         CARPENTER TECHNOLOGY CORPORATION
                                (Registrant)




                                By:/s/ David A. Christiansen
                                   -------------------------
                                   David A. Christiansen
                                   Vice President, General
                                   Counsel and Secretary








                                  EXHIBIT INDEX

Exhibit               Description

99.              Press release dated October 24, 2005