Carpenter Technology Q1 operating income rises 35% to $153.3 million; sets FY2026 outlook
Carpenter Technology reported fiscal first-quarter 2026 results for the period ended September 30, 2025, with operating income of $153.3 million, up from $113.6 million a year earlier, and diluted earnings per share of $2.43, up from $1.67. The company also issued fiscal 2026 operating income guidance of $660 million to $700 million, while adjusted free cash flow was negative $3.4 million as capital spending rose on its brownfield expansion.
Key points
- Net sales were $733.7 million, up 2% from $717.6 million a year earlier.
- Fiscal 2026 operating income is projected at $660 million to $700 million, a 26% to 33% increase over fiscal 2025.
- Adjusted free cash flow was negative $3.4 million, compared with $13.3 million a year earlier, reflecting capital expenditures of $42.6 million.
- The company repurchased $49.1 million of stock in the quarter, with $249.0 million remaining under its $400.0 million program.
The filing
Written by AI on Nov 8, 2026, 1:12 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.