Carpenter Technology Corporation announced on October 23, 2025 that its fiscal first quarter ended September 30, 2025 generated record operating income of $153.3 million and earnings per diluted share of $2.43, up 35% and 15% respectively from the same quarter a year earlier. Net sales rose to $733.7 million, a 2% increase from $717.6 million in the prior year, while the Specialty Alloys Operations segment achieved a 32.0% adjusted operating margin, up from 26.3% a year ago.
The company highlighted a 23% sequential rise in bookings within its Aerospace and Defense end‑use market and the completion of several long‑term agreements that add significant value. The Specialty Alloys Operations segment produced $170.7 million in operating income, reflecting continued margin expansion and higher‑value product mix.
Carpenter’s fiscal 2026 operating income outlook now projects a 26% to 33% increase over fiscal 2025, with adjusted free cash flow expected between $240 million and $280 million. The company also announced a $49.1 million share repurchase during the quarter, leaving $249 million available under its $400 million program.
The results reinforce the company’s strategy of investing in high‑value growth, including a recently announced brownfield expansion that will add primary and secondary melt capacity. With a strong balance sheet and a balanced capital allocation approach, Carpenter aims to sustain its asset base, fund growth initiatives, and return cash to shareholders.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.