Earnings ·
Carpenter Technology reports Q1 FY27 net income of $162.5M, EPS of $3.25
CRSCarpenter Technology Corp
Carpenter Technology Corporation reported first-quarter fiscal year 2027 results with net sales of $798.2 million and operating income of $196.4 million, up 28% year-over-year. Net income reached $162.5 million, or diluted earnings per share of $3.25, compared to $122.5 million, or $2.43 per share, in the prior-year quarter. The company repurchased $133.9 million of stock and authorized a new $1.0 billion share repurchase program. Management provided Q2 operating income guidance of $214 million to $218 million and full-year fiscal 2027 free cash flow expectations of $400 million to $430 million. Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy materials and process solutions for critical applications in the aerospace, defense, medical, and other markets.