Earnings ·
Carpenter Technology reports Q1 fiscal 2027 operating income of $196.4 million, up 28 percent year-over-year
CRSCarpenter Technology Corp
Carpenter Technology Corporation reported first quarter fiscal 2027 results for the period ended September 30, 2026, delivering record operating income of $196.4 million, a 28 percent increase from the prior year period. Earnings per diluted share reached $3.25, compared to $2.43 in the previous year's first quarter. Net sales totaled $798.2 million, up 9 percent year-over-year, driven by productivity improvements, mix optimization, and pricing actions. The Specialty Alloys Operations segment generated $216.3 million in operating income with an adjusted margin of 37.7 percent. The company also executed $133.9 million in share repurchases during the quarter. Carpenter Technology Corporation is a leader in high-performance specialty alloy materials for aerospace, defense, medical, and industrial markets.