Carpenter Technology authorized a new $1.0 billion share repurchase program for its common stock.
The announcement follows the completion of a previous $400 million buyback authorization. The company repurchased the final $119 million of shares under that plan in August 2026.
Management stated the program reflects a strong financial position and conviction in long-term value creation.
Repurchases may occur through open market purchases or privately negotiated transactions. The program has no set expiration date and remains subject to modification or suspension.