CARPENTER TECHNOLOGY CORP (CRS) Form 8-K — Oct 22, 2026
Carpenter Technology reported record first quarter fiscal 2027 results on October 22, 2026, with operating income of $196.4 million, up 28% year-over-year, and diluted EPS of $3.25 versus $2.43 a year ago. SAO segment operating income rose 27% to $216.3 million, with adjusted operating margin ex-surcharge at 37.7%, and aerospace and defense bookings up 49% year-over-year. The board completed the prior $400 million repurchase authorization and approved a new $1.0 billion share repurchase program, after buying back $133.9 million of stock in the quarter. Liquidity stands at $658.6 million with net debt/EBITDA at a historic-low 0.6x and no debt maturities until 2034.
Key figures
- Eps
- 3.25
- Revenue
- 798200000
- Guidance
- Q2-27 operating income of $214M-$218M; FY27 operating income outlook of $850-880M (21-25% increase over FY26); FY27 free cash flow of $400-430M; FY29 operating income target $1,200-1,300M (20-23% CAGR)
- Net Income
- 162500000
- Cash Position
- 159500000
- Capex q1
- $77.7M
- Buybacks q1
- $133.9M (241,924 shares)
- Total liquidity
- $658.6M
- Free cash flow q1
- -$24.8M
- Dividend per share
- $0.20 quarterly ($9.9M total)
- Effective tax rate
- 15.5%
- Net debt to ebitda
- 0.6x
- Aero bookings growth
- up 23% sequentially, 49% YoY
- Pep operating income
- $7.3M
- Sao operating income
- $216.3M (+27% YoY)
- Aero defense net sales
- $425.4M (67% of sales ex surcharge)
- Net sales ex surcharge
- $634.8M
- Operating income q1 fy26
- $153.3M
- Operating income q1 fy27
- $196.4M (+28% YoY)
- New repurchase authorization
- $1.0B
- Adjusted operating margin ex surcharge
- 30.9%
AI analysis
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