Carpenter Technology Q1 operating income rises 28% to $196.4 million

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.

Key points

• 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.

The filing

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.

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.