Carpenter Technology's fourth quarter EPS of $3.23 beat estimates, driven by record 37.8% SAO adjusted operating margin.

Carpenter Technology reported fourth quarter fiscal 2026 revenue of $851.0 million and EPS of $3.23, beating consensus estimates. The company achieved record profitability and provided strong operating income guidance for fiscal year 2027.

Key Highlights

• Operating income reached a company record of $206.9 million, a 37% increase year-over-year, driven by the Specialty Alloys Operations (SAO) segment.
• The SAO segment delivered a record adjusted operating margin of 37.8%, up from 30.5% a year ago, reflecting productivity gains, favorable pricing, and improved product mix.
• Management guided for fiscal year 2027 operating income in the range of $850 million to $880 million, representing 21% to 25% growth over fiscal year 2026.