Oct 22, 4:19 PM ET
Carpenter Technology reported fiscal first-quarter 2027 results for the period ended September 30, 2026, with net sales of $798.2 million, up 9% from a year earlier, and operating income of $196.4 million, up 28%. Diluted earnings per share were $3.25 versus $2.43, and the company maintained its fiscal 2027 operating income outlook of $850 million to $880 million, though free cash flow was negative $24.8 million as capital spending rose.
- Operating income of $196.4 million was up 28% year over year and down 5% sequentially from $206.9 million in the fourth quarter of fiscal 2026.
- Diluted earnings per share were $3.25, compared with $2.43 in the prior year first quarter; net sales were $798.2 million, up 9%.
- Fiscal 2027 operating income outlook of $850 million to $880 million was maintained; second-quarter operating income is expected between $192 million and $197 million.
- The company repurchased $133.9 million of stock in the quarter and had $985.0 million remaining under its $1.0 billion program; free cash flow was negative $24.8 million.
Read the filing on SEC.gov ↗
Oct 22, 4:12 PM ET
Carpenter Technology reported first quarter fiscal 2027 results on October 22, 2026. Operating income rose to $196.4 million from $153.3 million a year earlier, and diluted earnings per share were $3.25 versus $2.43, with net sales of $798.2 million compared with $733.7 million. The company also set a fiscal 2027 operating income outlook of $850 million to $880 million and authorized a new $1.0 billion share repurchase program.
- Operating income of $196.4 million vs. $153.3 million a year earlier; diluted EPS of $3.25 vs. $2.43
- Net sales of $798.2 million, down from $851.0 million in Q4 FY26 but up from $733.7 million in Q1 FY26
- FY27 operating income outlook of $850 million to $880 million; Q2 FY27 SAO operating income expected at $214 million to $218 million
- Repurchased $133.9 million of stock in the quarter and authorized a new $1.0 billion program; free cash flow was negative $24.8 million
Read the filing on SEC.gov ↗
Oct 15, 4:41 PM ET
Carpenter Technology said General Counsel and Secretary James D. Dee will retire effective December 31, 2026, and remain with the company through that date. The board appointed Deputy General Counsel Jed S. Freeman as Vice President, General Counsel and Secretary, effective January 1, 2027, providing a planned succession in the legal leadership role.
- James D. Dee notified the company on October 12, 2026 of his decision to retire effective December 31, 2026
- Jed S. Freeman, who joined the company in 2007 and is currently Deputy General Counsel, takes the role effective January 1, 2027
- The company said Mr. Dee's retirement was not the result of any disagreement on operations, policies or practices
- The press release announcing the change is furnished as Exhibit 99.1 under Item 7.01
Read the filing on SEC.gov ↗
Aug 12, 5:03 PM ET
Carpenter Technology appointed Kenneth J. Giacobbe, former Executive Vice President and Chief Financial Officer of Howmet Aerospace, to its Board of Directors effective August 11, 2026. Directors Howard Yu and Colleen Pritchett also said they will leave the board at the October 6, 2026 annual meeting, with Yu stepping down and Pritchett not standing for re-election; the filing says neither departure was due to a disagreement with the company.
- Ken Giacobbe appointed to the Board effective August 11, 2026 as a Class III director, term ending at the 2028 annual meeting; he is independent and has no committee assignments yet
- Howard Yu will step down as a director effective October 6, 2026; Colleen Pritchett will not run for re-election at the 2026 annual meeting
- After October 6, 2026, the Board will have 10 members, 9 of them independent, down from 12 members with 11 independent
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.