Quarterly ResultApr 29, 2026, 04:34 PM
CRS Q3 Net Income +46% to $139.6M; Refinances Debt
AI Summary
CARPENTER TECHNOLOGY CORP reported strong Q3 2026 results with net income increasing 46.3% to $139.6 million and net sales rising 11.6% to $811.5 million. For the nine months, net income grew 38.9% to $367.4 million. The company also completed a significant debt refinancing, issuing $700.0 million in 5.625% Senior Notes due 2034 and repaying existing notes.
Key Highlights
- Q3 2026 net income increased 46.3% to $139.6M ($2.79 EPS).
- Q3 2026 net sales rose 11.6% to $811.5M.
- Issued $700.0M 5.625% Senior Notes due 2034.
- Repaid $700.0M in aggregate principal of 2028 and 2030 notes.
- Net cash provided from operating activities was $364.9M for nine months.
- Aerospace and Defense net sales grew to $534.2M in Q3.
- Medical net sales decreased to $65.8M in Q3.
- Purchased $133.9M of treasury stock for nine months.
Price Impact
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