Quarterly ResultOct 22, 2026, 04:22 PM
Carpenter Technology Q1 Operating Income Up 28% to $196.4M
AI Summary
Carpenter Technology Corporation announced strong first quarter fiscal year 2027 results, with operating income reaching a record $196.4 million, a 28% increase year-over-year. The company highlighted significant growth in its Specialty Alloys Operations segment and a notable acceleration in demand within the Commercial Aerospace supply chain. Carpenter Technology also continued its capital return program, executing substantial share repurchases and announcing a new authorization. The company maintained its full-year operating income outlook.
Key Highlights
- Carpenter Technology reported Q1 FY2027 operating income of $196.4 million, up 28% YoY.
- Specialty Alloys Operations (SAO) segment operating income was $216.3 million, up 27% YoY.
- SAO segment adjusted operating margin was 37.7%, up from 32.0% YoY.
- Bookings increased significantly in Commercial Aerospace, up 23% sequentially and 49% YoY.
- Company repurchased $133.9 million in shares and announced a new $1.0 billion repurchase program.
- Outlook for FY2027 operating income maintained at $850 million to $880 million.
- Net sales increased 9% YoY to $798.2 million.
- Earnings per diluted share were $3.25, up from $2.43 YoY.
Price Impact
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