Recent Updates — CRS

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.

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.

James D. Dee, Senior Vice President, General Counsel and Secretary of Carpenter Technology Corporation, will retire effective December 31, 2026, after sixteen years with the company. The Board has appointed current Deputy General Counsel Jed S. Freeman to succeed him as Vice President, General Counsel and Secretary, effective January 1, 2027. Mr. Dee will remain employed through his retirement date to ensure an orderly transition. This leadership change was not due to any disagreement regarding operations or policies. Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy materials and process solutions for critical applications in aerospace, defense, medical, transportation, energy, and industrial markets.

Carpenter Technology Corporation appointed Kenneth J. Giacobbe to its Board of Directors as a Class III director effective August 11, 2026, with his term ending at the 2028 annual meeting. Giacobbe brings over three decades of finance and executive leadership experience, most recently serving as Executive Vice President and Chief Financial Officer of Howmet Aerospace Inc., and is classified as an independent director under SEC and NYSE standards. Concurrently, Howard Yu notified the Board of his intention to step down effective October 6, 2026, while Colleen Pritchett decided not to stand for re-election at the upcoming Annual Stockholders’ Meeting. These departures will reduce the board size from 12 members (11 independent) to 10 members (9 independent). Carpenter Technology Corporation operates in the specialty metals industry, manufacturing high-performance alloy materials and process solutions for aerospace, defense, medical, and industrial markets.