Carpenter Technology Reports Strong Q4 and Full-Year Fiscal 2026 Results
Carpenter Technology (CRS) reported strong financial results for its fourth quarter of fiscal year 2026, with operating income reaching $206.9 million—a sequential increase of 11% and a 37% rise compared to the same period in 2025. The company's Specialty Alloys Operations segment achieved an adjusted operating margin of 37.8%, driven by productivity gains, improved product mix, and higher pricing realization. For fiscal year 2026 as a whole, Carpenter Technology recorded $702 million in operating income—a 34% increase over the prior year—and more than five times its results from fiscal year 2023. The company also raised guidance for fiscal year 2027 to between $850 million and $880 million in operating income, projecting growth of 21–25%. Long-term targets include reaching $1.2 billion to $1.3 billion by fiscal year 2029. The company's cash flow performance was also robust: operating cash flow increased 37% to $605 million in FY 2026, and adjusted free cash flow reached $362.3 million.
Tickers: $CRS
Topics: adjusted_operating_margin diluted_eps operating_income sales_performance