Earnings summaries and quarterly performance for CARPENTER TECHNOLOGY.
Executive leadership at CARPENTER TECHNOLOGY.
Tony Thene
Detailed
Chief Executive Officer
CEO
BM
Brian Malloy
Detailed
President and Chief Operating Officer
JD
James Dee
Detailed
Senior Vice President, General Counsel and Secretary
MA
Marshall Akins
Detailed
Vice President and Chief Commercial Officer
TL
Timothy Lain
Detailed
Senior Vice President and Chief Financial Officer
Board of directors at CARPENTER TECHNOLOGY.
CM
Charles McLane Jr.
Detailed
Director
CP
Colleen Pritchett
Detailed
Director
HY
Howard Yu
Detailed
Director
JH
John Hart
Detailed
Director
JB
Julie Beck
Detailed
Director
KL
Kathleen Ligocki
Detailed
Director
RY
Ramin Younessi
Detailed
Director
SW
Stephen Ward Jr.
Detailed
Lead Independent Director
SK
Steven Karol
Detailed
Director
VA
Viola Acoff
Detailed
Director
Research analysts who have asked questions during CARPENTER TECHNOLOGY earnings calls.
Andre Madrid
BTIG
8 questions for CRS
Also covers: AIRO, AMTM, ATI +10 more
SD
Scott Deuschle
Deutsche Bank
8 questions for CRS
Also covers: ATI, BA, BWXT +15 more
Bennett Moore
JPMorgan Chase & Co.
7 questions for CRS
Also covers: AA, CSTM, EAF +4 more
GK
Gautam Khanna
TD Cowen
7 questions for CRS
Also covers: ASLE, ATI, BA +20 more
Philip Gibbs
KeyBanc Capital Markets
6 questions for CRS
Also covers: ATI, CLF, CMC +10 more
Josh Sullivan
The Benchmark Company, LLC
5 questions for CRS
Also covers: ACHR, CSTM, FTAI +8 more
Joshua Sullivan
The Benchmark Company
3 questions for CRS
Also covers: ACHR, AIR, ATI +13 more
PG
Phil Gibbs
Keybanc Capital Markets
2 questions for CRS
Also covers: ATI, MT, NUE +1 more
SB
Spencer Breitzke
TD Cowen
1 question for CRS
Also covers: WWD
Recent press releases and 8-K filings for CRS.
Carpenter Technology Reports Strong Q2 FY2026 Results and Raises Full-Year Guidance
CRS
Earnings
Guidance Update
Share Buyback
- Carpenter Technology reported record operating income of $155.2 million and adjusted earnings per diluted share of $2.33 for the second quarter of fiscal year 2026, with operating income increasing 31 percent year-over-year.
- The company increased its fiscal year 2026 operating income guidance to a range of $680 million to $700 million, representing a 30 percent to 33 percent increase over fiscal year 2025, and raised its adjusted free cash flow outlook to at least $280 million.
- The Specialty Alloys Operations (SAO) segment delivered $174.6 million in operating income and an adjusted operating margin of 33.1 percent, driven by accelerating demand in the Aerospace and Defense market with Commercial Aerospace bookings up 23 percent sequentially. The company also executed $32.1 million in share repurchases during the quarter and recorded $15.6 million in debt extinguishment losses.
Jan 29, 2026, 9:17 PM
Carpenter Technology Corporation Reports Strong Q2 FY26 Results and Raises FY26 Outlook
CRS
Earnings
Guidance Update
Share Buyback
- Carpenter Technology Corporation reported record operating income of $155.2 million in Q2 FY26, marking a 31% increase year-over-year, with net income of $105.3 million and diluted earnings per share of $2.09.
- The SAO segment achieved record operating income of $174.6 million, up 29% year-over-year, and a record adjusted operating margin of 33.1%.
- For Q3 FY26, SAO operating income is projected to be between $195 million and $200 million. The company also increased its FY26 outlook, anticipating adjusted operating income to be 30% to 33% higher than FY25 and adjusted free cash flow of at least $280 million.
- This strong performance is primarily driven by accelerating demand in the Aerospace and Defense market, with commercial aerospace bookings up 23% sequentially and consistently increasing pricing.
- In Q2 FY26, the company generated $85.9 million in adjusted free cash flow and repurchased $32.1 million of stock as part of its $400.0 million authorization.
Jan 29, 2026, 9:11 PM
Carpenter Technology Reports Record Q2 2026 Operating Income and Raises FY26 Guidance
CRS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Carpenter Technology (CRS) reported record operating income of $155.2 million and adjusted earnings per diluted share of $2.33 for the second quarter of fiscal year 2026. The SAO segment achieved a record adjusted operating margin of 33.1%, marking its 16th consecutive quarter of margin expansion.
- The company raised its fiscal year 2026 operating income guidance to $680 million-$700 million, representing a 30%-33% increase over fiscal year 2025. The outlook for Q3 FY26 operating income is projected to be $177 million-$182 million.
- Demand remains strong, particularly in the aerospace and defense in-use market, with commercial aerospace bookings up 23% sequentially and aerospace engine materials order intake increasing 30% sequentially. This strong demand, coupled with a persistent supply-demand gap for nickel-based superalloys, is driving significant price increases and long-term agreements.
- CRS generated $85.9 million in adjusted free cash flow in Q2 FY26 and expects at least $280 million for the full fiscal year 2026. The company also repurchased $32.1 million of shares and completed a debt refinancing, strengthening its balance sheet and liquidity.
Jan 29, 2026, 3:00 PM
Carpenter Technology Corporation Reports Record Q2 FY2026 Earnings and Raises FY2026 Guidance
CRS
Earnings
Guidance Update
Debt Issuance
- Carpenter Technology Corporation reported record operating income of $155.2 million and adjusted earnings per diluted share of $2.33 for the second quarter of fiscal year 2026. This operating income represents a 31% increase over the second quarter of fiscal year 2025.
- The SAO segment achieved a record adjusted operating margin of 33.1% and record operating income of $174.6 million, marking its 16th consecutive quarter of margin expansion.
- The company raised its fiscal year 2026 operating income guidance to $680 million-$700 million, an increase from the previous range, which represents a 30%-33% increase over fiscal year 2025.
- Strong demand signals were noted, particularly in the aerospace and defense end-use market, with commercial aerospace bookings increasing 23% sequentially and aerospace engine materials order intake up 30% sequentially.
- Carpenter Technology generated $85.9 million in adjusted free cash flow in Q2 2026, repurchased $32.1 million of shares, and strengthened its balance sheet by refinancing long-term debt to 2034 and increasing its revolving credit facility to $500 million.
Jan 29, 2026, 3:00 PM
Carpenter Technology Reports Record Q2 2026 Earnings and Raises FY2026 Guidance
CRS
Earnings
Guidance Update
Revenue Acceleration/Inflection
- Carpenter Technology reported record operating income of $155 million in Q2 fiscal year 2026, marking a 31% increase over the prior year's second quarter, and achieved a record adjusted operating margin of 33.1% in its SAO segment.
- The company raised its fiscal year 2026 operating income guidance to $680 million-$700 million, representing a 30%-33% increase over fiscal year 2025, and anticipates exceeding its fiscal year 2027 target of $765 million-$800 million.
- Demand is strengthening, particularly in the aerospace market, with commercial aerospace bookings up 23% sequentially and aerospace engine materials order intake up 30% sequentially.
- Pricing continues to be a positive tailwind due to a persistent supply-demand imbalance for nickel-based superalloys, supported by the completion of three additional long-term agreements with significant price increases and an investment in a brownfield capacity expansion to add 9,000 additional tons.
Jan 29, 2026, 3:00 PM
Carpenter Technology Corporation Closes Senior Notes Offering and Amends Credit Agreement
CRS
Debt Issuance
- Carpenter Technology Corporation closed a private offering of $700.0 million aggregate principal amount of 5.625% senior notes due 2034 on November 20, 2025.
- The net proceeds from this offering, along with cash on hand, will be used to redeem in full its 6.375% senior notes due 2028 and its 7.625% senior notes due 2030.
- The company also amended its credit agreement, increasing revolving commitments from $350 million of secured commitments to $500 million of unsecured commitments and extending the maturity date of the credit facility to 2030.
Nov 20, 2025, 9:27 PM
Carpenter Technology Corporation Prices $700 Million Senior Notes Offering
CRS
Debt Issuance
- Carpenter Technology Corporation announced the pricing of a $700.0 million private offering of 5.625% senior notes due 2034 on November 10, 2025.
- The offering is expected to close on November 20, 2025, subject to customary closing conditions.
- The company intends to use the net proceeds, along with cash on hand, to redeem its 6.375% senior notes due 2028 and 7.625% senior notes due 2030, and for general corporate purposes.
Nov 10, 2025, 9:30 PM
Carpenter Technology Corporation Announces Pricing of Senior Notes Offering
CRS
Debt Issuance
- Carpenter Technology Corporation (NYSE: CRS) priced a private offering of $700.0 million aggregate principal amount of 5.625% senior notes due 2034.
- The offering is expected to close on November 20, 2025.
- The net proceeds, along with cash on hand, will be used to redeem the company's 6.375% senior notes due 2028 and 7.625% senior notes due 2030, and for general corporate purposes.
Nov 10, 2025, 9:15 PM
Carpenter Technology Corporation Announces Proposed Senior Notes Offering
CRS
Debt Issuance
- Carpenter Technology Corporation (CRS) announced a proposed $700.0 million private offering of senior notes due 2034.
- The company intends to use the net proceeds from this offering, along with cash on hand, to redeem its 6.375% senior notes due 2028 and repay its 7.625% senior notes due 2030, as well as for general corporate purposes.
- Concurrently, the company is in the process of amending its Credit Facility, which is expected to increase revolving commitments from $350 million to $500 million (unsecured) and expand the uncommitted accordion feature by up to $650 million.
Nov 10, 2025, 12:49 PM
Carpenter Technology Announces Proposed $700.0 Million Senior Notes Offering
CRS
Debt Issuance
- Carpenter Technology Corporation announced its intention to offer $700.0 million aggregate principal amount of senior notes due 2034 through a private offering.
- The company plans to use the net proceeds from this offering, along with cash on hand, to redeem its 6.375% senior notes due 2028 and repay its 7.625% senior notes due 2030.
- Remaining funds will be used for general corporate purposes, which may include the repayment or repurchase of other outstanding indebtedness.
Nov 10, 2025, 12:35 PM
Quarterly earnings call transcripts for CARPENTER TECHNOLOGY.
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