Quarterly ResultJul 30, 2026, 04:23 PM
Carpenter Technology Reports Record Q4 Operating Income, FY27 Outlook Up 21-25%
AI Summary
Carpenter Technology Corporation reported record financial results for the fourth quarter and full fiscal year 2026. Q4 FY26 operating income rose 37% year-over-year to $206.9 million, with the SAO segment achieving a record adjusted operating margin of 37.8%. The company generated $155.0 million in adjusted free cash flow and repurchased $45.2 million in shares during the quarter. For fiscal year 2026, adjusted operating income hit a record $702 million. Looking ahead, Carpenter Technology projects FY27 operating income to increase by 21-25% to $850 million-$880 million and targets FY29 operating income of $1.2 billion-$1.3 billion, driven by accelerating demand and brownfield capacity expansion.
Key Highlights
- Q4 FY26 Operating Income reached $206.9 million, up 37% year-over-year.
- SAO Adjusted Operating Margin expanded to a record 37.8% in Q4 FY26.
- FY26 Adjusted Operating Income was a record $702 million.
- FY27 Operating Income is projected to be $850 million to $880 million, a 21-25% increase.
- FY27 Adjusted Free Cash Flow is expected to be $400 million to $430 million.
- FY29 Operating Income target is $1.2 billion to $1.3 billion, representing a 20-23% CAGR.
- Generated $155.0 million in adjusted free cash flow in Q4 FY26.
- Executed $45.2 million in share repurchases during Q4 FY26.
Price Impact
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