The record quarterly results and raised guidance underscore accelerating demand in aerospace/defense and strong operational execution. Watch for continued momentum into FY2027 and potential earnings estimate revisions upward. The $164.2M remaining buyback authorization provides downside support.
Price Chart
Executive Summary
Carpenter Technology reported a strong fiscal Q3 2026 beat with EPS of $2.77 vs consensus $2.64 (+4.9%) and revenue of $811.5M vs $797.5M (+1.8%). Record operating income of $186.5M (up 35% YoY) and SAO segment adjusted margins of 35.6% drove the quarter. The company raised its full-year operating income guidance to $700-705M and increased its adjusted free cash flow outlook to ~$350M.
Key Financial Metrics
Key Facts
- EPS $2.77 vs consensus $2.64 (beat 4.9%)
- Revenue $811.5M vs consensus $797.5M (beat 1.8%)
- Record operating income of $186.5M, up 35% YoY
- SAO segment adjusted operating margin 35.6%, record high
- Full-year operating income guidance raised to $700-705M (at least 33% YoY growth)
- Adjusted free cash flow outlook raised to ~$350M
- Generated $193.5M cash from operations in the quarter
- Executed $52.7M in share repurchases during the quarter
Financial Impact
EPS surprise +$0.13 (+4.9%), operating income guidance raised ~$30-35M at midpoint vs prior
Risk Factors
- Aerospace production challenges at key customers (e.g., Boeing) could slow demand
- Raw material cost increases could pressure margins
- Execution risk on brownfield expansion capex
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3283721 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 27, 2026 5w ago | Insider Cluster | $490.58 $400.85 | ▼ −18.29% | ▼ −17.78% | $388.47 (−20.81%) |
Aug 12, 2026 7w ago | 8-K | $535.57 $443.19 | ▼ −17.25% | ▼ −15.50% | $388.47 (−27.47%) |
Aug 1, 2026 8w ago | Institutional Cluster | $543.49 $476.42 | ▼ −12.34% | ▼ −13.58% | $388.47 (−28.52%) |
Jun 3, 2026 17w ago | Insider Cluster | $492.62 $597.24 | ▲ +21.24% | ▲ +22.61% | $388.47 (−21.14%) |
Apr 29, 2026 22w ago | 8-K | $428.20 $462.01 | ▲ +7.90% | ▲ +2.93% | $388.47 (−9.28%) |
Apr 29, 2026 22w ago | Press Release | $406.53 $460.91 | ▲ +13.38% | ▲ +7.92% | $388.47 (−4.44%) |
Apr 17, 2026 24w ago | 8-K | $452.00 $404.26 | ▼ −10.56% | ▼ −14.76% | $388.47 (−14.06%) |
Apr 17, 2026 24w ago | Press Release | $445.48 $429.58 | ▼ −3.57% | ▼ −8.94% | $388.47 (−12.80%) |
Apr 2, 2026 26w ago | Press Release | $391.33 $428.20 | ▼ −9.42% | ▲ +0.45% | $388.47 (+0.73%) |
Feb 12, 2026 33w ago | Court Ruling | $367.81 $361.11 | ▼ −1.82% | ▲ +0.97% | $388.47 (+5.62%) |
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