Quarterly ResultApr 29, 2026, 04:33 PM
CRS Q3 Net Income +46% to $139.6M; EPS $2.77; Debt Refinanced
AI Summary
CARPENTER TECHNOLOGY CORP (CRS) reported strong financial results for the third quarter ended March 31, 2026, with net income increasing by 46.3% to $139.6 million and diluted EPS rising by 47.3% to $2.77. Net sales grew by 11.6% to $811.5 million. The company also completed a $700.0 million senior notes offering, using the proceeds to repay existing debt and extending the maturity of its credit facility to November 2030. Operating cash flow significantly improved, more than doubling to $364.9 million for the nine-month period.
Key Highlights
- Net income for Q3 2026 increased 46.3% to $139.6 million.
- Diluted EPS for Q3 2026 rose 47.3% to $2.77.
- Net sales for Q3 2026 increased 11.6% to $811.5 million.
- Issued $700.0 million 5.625% Senior Notes due 2034, repaying prior debt.
- Credit Facility maturity extended to November 20, 2030.
- Net cash from operating activities for nine months increased 100.2% to $364.9 million.
- Aerospace and Defense segment sales were $534.2 million in Q3 2026.
- Medical segment sales were $65.8 million in Q3 2026.