Quarterly ResultApr 29, 2026, 04:36 PM
CRS Q3 Net Sales +11.6% to $811.5M; EPS $2.77
AI Summary
CARPENTER TECHNOLOGY CORP reported strong financial results for the three months ended March 31, 2026, with net sales increasing to $811.5 million and net income rising to $139.6 million. Diluted earnings per share also saw a significant increase to $2.77. The company also completed a debt refinancing, issuing $700.0 million in new senior notes and repaying existing debt, and experienced substantial growth in net cash provided from operating activities for the nine-month period.
Key Highlights
- Q3 Net Sales: $811.5M, up 11.6% from $727.0M YoY.
- Q3 Net Income: $139.6M, up 46.3% from $95.4M YoY.
- Q3 Diluted EPS: $2.77, up 47.3% from $1.88 YoY.
- Issued $700.0M 5.625% Senior Notes due 2034, repaying $700.0M in older notes.
- 9M Net Cash from Operating Activities: $364.9M, up 99.1% from $182.3M YoY.
- Q3 Aerospace and Defense sales: $534.2M, up 17.5% from $454.7M YoY.
Price Impact
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