Carpenter Technology Earnings Call Transcripts
Fiscal Year 2026
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Record quarterly operating income and margin expansion were driven by strong aerospace demand, higher pricing, and productivity gains. Fiscal 2026 guidance was raised, with continued growth expected in aerospace, defense, and power generation, supported by capacity expansion and robust capital allocation.
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Record quarterly earnings and margins were achieved, driven by strong aerospace and defense demand, pricing actions, and productivity gains. Guidance for fiscal 2026 and 2027 remains robust, with significant growth expected, supported by a strong balance sheet and ongoing capital investments.
Fiscal Year 2025
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Record quarterly and annual results driven by strong demand in aerospace, defense, medical, and energy, with significant margin expansion and robust free cash flow. FY26 guidance projects continued double-digit earnings and cash flow growth, supported by strategic investments and a favorable market outlook.
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Record quarterly results with operating income up 53% year-over-year and margins at historic highs. Raised full-year guidance and project strong growth through 2027, supported by robust aerospace and defense demand, disciplined capital allocation, and limited tariff exposure.
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Operating income is projected to reach $765M–$800M in FY2027, driven by strong demand in aerospace, defense, and medical markets, with further growth expected from a $400M brownfield expansion coming online in FY2028. Cash generation will support both capital returns and growth investments, while the supply-demand imbalance is set to persist, supporting favorable pricing and margin expansion.
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Record Q2 results with 70% year-over-year operating income growth and a raised FY25 guidance to $500M–$520M. Strong demand in aerospace, defense, and medical markets, with robust margins and a $1.9B backlog supporting future growth.
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Record first quarter earnings with 70% year-over-year growth in adjusted operating income, driven by strong performance in aerospace, defense, and energy markets. Guidance for fiscal 2025 operating income was raised to the high end of $460M–$500M, with potential to exceed $500M.
Fiscal Year 2024
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Record Q4 and FY24 results driven by strong demand in Aerospace, Defense, and Medical, with operating income and margins at all-time highs. FY25 guidance was raised, a $400M share repurchase was announced, and robust market conditions are expected to continue.