CARPENTER TECHNOLOGY CORP 8K

Carpenter Technology furnished its Q4 and FY2026 earnings presentation, reporting record profitability and cash flow, active share repurchases, and providing multi‑year guidance including significantly higher FY27 and FY29 operating income targets supported by a brownfield capacity expansion.

Carpenter Technology Corporation furnished an earnings presentation for its fourth quarter and fiscal year 2026, reporting record operating income and margins driven by strong aerospace and defense demand, improved mix and pricing, and productivity gains, alongside robust cash generation that funded share repurchases, dividends, and a brownfield capacity expansion project. The company highlighted Q4 FY26 operating income of approximately $207 million with SAO segment adjusted operating margins of 37.8%, fiscal 2026 adjusted free cash flow of about $362 million, and total share repurchases of $281 million under a $400 million authorization, while maintaining liquidity of roughly $892 million and net debt/EBITDA of -0.3x. Management provided an outlook for FY27 operating income to rise 21–25% above record FY26 levels, guided to $400–430 million in adjusted free cash flow for FY27, and targeted FY29 operating income of $1.2–1.3 billion supported by the ongoing ramp of its brownfield capacity expansion expected to begin contributing in FY28.

Filing Facts

CIK

17843

Ticker

CRS

Form

8K

Source Type

sec

Accession

0000017843-26-000028

Alert Tier

7