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Carpenter Technology

CRS · Materials

Last earnings Oct 22, 2026

Key results

Operating incomequarter

$153.3 million

For the quarter, the Company reported operating income of $153.3 million, and earnings per diluted share of $2.43.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Operating incomefull-year

$170.7 million

operating income of $170.7 million, up 27 percent year-over-year Delivered adjusted

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Growthfull-year

up 27 percent

operating income of $170.7 million, up 27 percent year-over-year Delivered adjusted

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Operating marginfull-year

32.0 percent

operating margin of 32.0 percent in the SAO segment, up from 26.3 percent in the first quarter of the previous year fifteenth consecutive quarterly margin increase Bookings for Aerospace and Defense end-use market up 23 percent sequentially Completed negotiations on several long-term agreements with aerospace customers

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Adjusted operating marginquarter

32.0 percent

Notably, the SAO segment expanded their adjusted operating margin to 32.0 percent, up from 26.3 percent in the first quarter a year ago, representing the fifteenth consecutive quarterly margin increase.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

As a result, the SAO segment realized $170.7 million in operating income.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Operating income for the first quarter of fiscal year 2026 was $153.3 million compared to operating income of $113.6 million in the prior year period.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Adjusted operating incomequarter

$117.2 million

Adjusted operating income excluding the special item was $117.2 million in the prior year period.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Adjusted free cash flowfull-year

$3.4 million

Adjusted free cash flow in the first quarter of fiscal year 2026 was negative $3.4 million, compared to $13.3 million in the same quarter last year.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

AI analysis

Q2 FY2026 · reported Oct 23, 2025

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Adjusted free cash flow · Q2 FY2026
$3.4M
-74.4% -$10M vs prior year computed from stated figures
EX-99 · Oct 23, 2025
Operating income · Q2 FY2026
$153.3M
Full year: $170.7 million
EX-99 · Oct 23, 2025
Adjusted operating margin · Q2 FY2026
32.0 percent
EX-99 · Oct 23, 2025
Adjusted operating income · Q2 FY2026
$117.2M
EX-99 · Oct 23, 2025

Headline figures

MetricQ2 FY2026Prior qtrYear ago
Operating income$153.3 million——
Adjusted operating margin32.0 percent——
Adjusted operating income$117.2 million——

EX-99 · Oct 23, 2025

Guidance · company-stated

Direction: Raised

Company outlook

“Exhibit 99.1 Looking ahead, our fiscal year 2026 operating income outlook represents a 26 percent to 33 percent increase over fiscal year 2025.”

Classified from the release's primary full-year outlook statement.

Next earningsNo verified date on fileNo date is estimated or imported

Margin

Operating marginfull year32.0 percent
Adjusted operating margin32.0 percent

Cash flow & capex

Adjusted free cash flowfull year$3.4M

Capital allocation

Capexfull year$42.6M

To that end, we executed $49.1 million in share repurchases against our $400.0 million repurchase program.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

For the quarter, the Company reported operating income of $153.3 million, and earnings per diluted share of $2.43

Based on: Earnings release + parent 8-K + 10-Q — transcript not held

Guidance & outlook

Direction: Raised

Company outlook: “Exhibit 99.1 Looking ahead, our fiscal year 2026 operating income outlook represents a 26 percent to 33 percent increase over fiscal year 2025.”

Company outlook — Raised (“increase”)
“Exhibit 99.1 Looking ahead, our fiscal year 2026 operating income outlook represents a 26 percent to 33 percent increase over fiscal year 2025.”

Classified from the release's primary full-year outlook statement.

Capital allocation

To that end, we executed $49.1 million in share repurchases against our $400.0 million repurchase program.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

The decrease in adjusted free cash flow in the first quarter of fiscal year 2026 reflects higher capital expenditures compared to the prior year period, namely from the brownfield expansion.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Capital expenditures were $42.6 million in the first quarter of fiscal year 2026 compared to $26.9 million in the same quarter last year.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Under the Company's authorized share repurchase program of up to $400.0 million, the Company purchased 200,000 shares of its common stock on the open market for an aggregate of $49.1 million during the quarter ended September 30, 2025.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

This consisted of $208.0 million of cash and $348.9 million of available borrowings under the Company s Credit Facility.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

government and (23) the consequences of the announcement, maintenance or use of Carpenter Technology s share repurchase program.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Strategy & priorities

With a strong balance sheet and meaningful adjusted free cash flow, we will continue to take a balanced approach to capital allocation sustaining our current asset base to achieve our targets and investing in high value growth initiatives like the recently announced brownfield capacity expansion while returning cash to shareholders.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

And we are investing to accelerate our growth with our recently announced brownfield expansion which will add primary and secondary melt capacity.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

The decrease in adjusted free cash flow in the first quarter of fiscal year 2026 reflects higher capital expenditures compared to the prior year period, namely from the brownfield expansion.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

The annual effective tax rate is based upon a number of significant estimates and judgments, including the estimated annual pre-tax income, or loss, of the Company in each tax jurisdiction in which it operates, and the development of tax planning strategies during the year.

SEC original ↗Carpenter Technology — 10-Q Quarterly report10-QOct 22, 2026

Risks & headwinds

Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys including nickel, cobalt, and titanium and material process capabilities that solve our customers' current and future material challenges.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Exhibit 99.1 Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Act of 1995.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected, anticipated or implied.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

The most significant of these uncertainties are described in Carpenter Technology's filings with the Securities and Exchange Commission, including its report on Form 10-K for the fiscal year ended June 30, 2025, and the exhibits attached to that filing.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

and foreign trade and tax laws, sanctions, embargoes and other regulations (21) challenges affecting the commercial aviation industry or key participants including, but not limited to production and other challenges at The Boeing Company (22) the impact of a continued shutdown of the U.

SEC original ↗Carpenter Technology — Earnings release (8-K exhibit)EX-99Oct 23, 2025

Like many other manufacturing companies in recent years, the Company, from time to time, has been named as a defendant in lawsuits alleging personal injury as a result of exposure to chemicals and substances in the workplace such as asbestos.

SEC original ↗Carpenter Technology — 10-Q Quarterly report10-QOct 22, 2026

Documents

Earnings deck slides

0 decks with slide view

Carpenter Technology — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Carpenter Technology — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Carpenter Technology — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Rio Tinto (RIO) MaterialsCemex Sab De Cv (CX) MaterialsWheaton Precious Metals (WPM) MaterialsNucor (NUE) MaterialsFranco-Nevada (FNV) MaterialsKinross Gold (KGC) MaterialsBarrick Mining (B) MaterialsArcelorMittal (MT) Materials

Filings

90 documents

Earnings releases

31 documents

Presentations

3 documents

Transcripts

0 documents

No transcripts for Carpenter Technology are held in this edition of the library.

Mentioned by

6 companies

Other tracked companies whose held documents mention Carpenter Technology by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.