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CARPENTER TECHNOLOGY CORPBullish
Carpenter Technology (CRS) reported fiscal 2027 first-quarter revenue of $798.2 million and operating income of $196.4 million, marking year-over-year growth of 9% and 28%, respectively. Driven by strong demand in commercial aerospace and productivity improvements, the company achieved its most profitable first quarter in history and reaffirmed its fiscal 2027 operating income guidance of $850 million to $880 million.…more
CARPENTER TECHNOLOGY CORP
Carpenter Technology reported fiscal 2027 first-quarter net sales of $798.2 million and net income of $162.5 million, demonstrating strong year-over-year growth. The company authorized a new $1 billion share repurchase program and projects fiscal 2027 operating income to increase by 21% to 25% over fiscal 2026, driven by accelerating demand in aerospace and defense.…more
CARPENTER TECHNOLOGY CORP
Carpenter Technology Corporation amended and restated its stock-based compensation plan for non-employee directors, effective August 11, 2026. The total number of shares available for awards under this plan has been set at 138,031, aimed at incentivizing directors and aligning their interests with those of the shareholders.…more
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Carpenter Technology Reports 28% Growth in Q1 Operating Income
Carpenter Technology reported $196.4 million in operating income for the first quarter, a 28% increase year-over-year driven by strong aerospace demand and productivity gains. The company maintained its fiscal year 2027 operating income guidance, citing a positive outlook for continued growth.…more
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Carpenter Tech reported Q1 adjusted EPS of $3.25, surpassing analyst expectations and showing year-over-year growth. However, quarterly revenue of $798.2 million fell short of the consensus estimate, resulting in mixed financial results.…more
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Carpenter Technology announced the retirement of General Counsel James Dee and the appointment of Deputy General Counsel Jed Freeman as his successor. This internal transition ensures continuity in the company's legal and regulatory leadership.…more
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