Quarterly ResultApr 29, 2026, 04:40 PM
CRS Q3 Operating Income $186.5M, EPS $2.77; FY26 Outlook Strong
AI Summary
CARPENTER TECHNOLOGY CORP reported record operating income of $186.5 million and diluted EPS of $2.77 for Q3 FY26, driven by strong execution, higher productivity, and favorable pricing. The company saw robust demand in Aerospace & Defense and Energy markets, with Aerospace & Defense sales increasing 13% sequentially. CRS generated $124.8 million in adjusted free cash flow in Q3 and expects FY26 operating income to be $700-$705 million and adjusted free cash flow around $350 million.
Key Highlights
- Q3 FY26 Operating Income: $186.5M, up 20% sequentially and 35.3% YoY.
- Q3 FY26 Net Income: $139.6M, up 32.6% sequentially and 46.3% YoY.
- Q3 FY26 Diluted EPS: $2.77, up 32.5% sequentially and 47.3% YoY.
- SAO Adjusted Operating Margin: Record 35.6%, up 2.5% sequentially.
- Aerospace & Defense sales: $435.6M, up 13% sequentially and 17% YoY.
- Adjusted Free Cash Flow: $124.8M in Q3 FY26; $207.3M YTD FY26.
- FY26 Operating Income Outlook: $700M-$705M, 33%+ higher than FY25.
- FY26 Adjusted Free Cash Flow Outlook: Approximately $350M.
Price Impact
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