Earnings ·
Carpenter Technology Corporation reported fiscal fourth quarter and full-year 2026 results on July 30, 2026
CRSCarpenter Technology Corp
Carpenter Technology Corporation reported fiscal fourth quarter and full-year 2026 results on July 30, 2026. The company achieved record operating income of $702.0 million for the year, a 34% increase over fiscal 2025, with Q4 operating income reaching $206.9 million and diluted earnings per share of $3.23. Full-year net sales were $3,124.2 million, generating $605.0 million in cash from operations and $362.3 million in adjusted free cash flow. Management announced fiscal 2027 operating income guidance of $850 million to $880 million and a medium-term target of $1.2 billion to $1.3 billion for fiscal 2029. The company repurchased $45.2 million of stock in the quarter, leaving $119.0 million available under its authorized program. Carpenter Technology Corporation manufactures high-performance specialty alloy materials and process solutions for aerospace, defense, medical, energy, and industrial markets.