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Carpenter Technology posts record Q3 operating income, boosts 2026 outlook on strong aerospace demand

Company Fundamentals
29 Apr 2026
GlobeNewsWire
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Bullish
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Carpenter Technology reported a record operating income of $186.5 million for Q3 fiscal 2026, up 20% sequentially and 35% year-over-year, driven by strong performance in its Specialty Alloys Operations segment. The company generated $193.5 million in operating cash flow and raised its full-year operating income guidance to $700-$705 million, reflecting accelerating demand in aerospace and defense markets. Carpenter also increased its adjusted free cash flow outlook to approximately $350 million for 2026 and plans continued growth supported by productivity gains and pricing strategies. The company executed $52.7 million in share repurchases during the quarter and expects further growth into fiscal 2027.

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Comcast faces price target cuts amid rising competition and NBCUniversal spin-off plans

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Lotto.com appoints new COO and VP of HR to drive US digital lottery expansion

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Worldline schedules H1 2026 results call for July 30, with webcast and Q&A for analysts.

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Ipsen repurchases 28,541 shares in early July at an average price of €166.05 per share.

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Neutral
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