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.

Carpenter Technology Corporation reported fourth quarter fiscal year 2026 results on July 30, 2026, achieving record operating income of $206.9 million and adjusted earnings per diluted share of $3.23. Net sales excluding surcharge reached $679.7 million, up 15% year-over-year. The company generated $362.3 million in adjusted free cash flow for the full fiscal year and repurchased $179.1 million of stock. Management provided Q1 2027 operating income guidance of $218–$222 million for the SAO segment and $6–$7 million for PEP, with a FY27 operating income outlook representing a 21% to 25% increase over record FY26 levels. Carpenter Technology Corporation manufactures high-performance specialty alloy materials and process solutions for critical applications in aerospace, defense, medical, and other markets.

Carpenter Technology Corporation announced the sudden death of President and CEO Brian J. Malloy on July 24, 2026. In response, the Board appointed Tony R. Thene as CEO, President, and Chairman, effective immediately. Thene previously served as CEO from 2015 through June 2026. This leadership transition is material as it involves the unexpected departure of the top executive and the appointment of a successor with significant prior experience at the company. Carpenter Technology Corporation operates in the specialty metals industry, manufacturing high-performance alloy materials for aerospace, defense, medical, and industrial applications.