Carpenter Technology Corporation
Carpenter Technology Reports Most Profitable Year on Record
Summary
Carpenter Technology Corporation announced its fiscal year 2026 results, marking the most profitable year in the company's history. The company reported record operating income of $702.0 million, a 34% increase over fiscal year 2025. Net sales for the year were $3,124.2 million, with strong performance in the Specialty Alloys Operations segment driving the results. The company also generated $605.0 million in cash from operating activities and $362.3 million in adjusted free cash flow. Looking ahead, Carpenter Technology expects fiscal year 2027 operating income to be between $850 million and $880 million, with a medium-term target for operating income between $1.2 billion and $1.3 billion in fiscal year 2029.
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About Carpenter Technology Corporation
Carpenter Technology Corporation specializes in the development, manufacturing, and distribution of high-performance specialty alloys, including stainless steels, long-wear alloys, and titanium base alloys. These materials are primarily designed for applications requiring high strength, corrosion resistance, and reliability, serving key industries such as aerospace, defense, medical, transportation, and energy. Carpenter Technology's advanced materials are essential for manufacturing critical components in aircraft engines, surgical instruments, oil and gas extraction tools, and automotive systems, among others. The company's contribution to these sectors underscores its vital role in supporting technological advancements and infrastructure development. Headquartered in Philadelphia, Pennsylvania, Carpenter Technology operates production facilities and R&D centers globally, facilitating innovation and maintaining a robust supply chain network. Its technical expertise and commitment to quality make it a trusted provider in the specialty alloys market, fostering partnerships to drive forward engineering solutions that meet evolving industry demands.
Official SEC Documents
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