Carpenter Technology (NYSE: CRS) awards 1,015 RSUs, settles 1,758 shares for taxes

Carpenter Technology (NYSE: CRS) said its board authorized an additional $1.0 billion share repurchase program. It also repurchased the remaining $119.0 million under a prior $400 million program in August 2026. Repurchases may be made via open market and other methods, funded by operating cash and liquidity.

Carpenter Technology (NYSE: CRS) said CEO and President Brian Malloy died suddenly. The board appointed Executive Chairman Tony Thene as CEO effective immediately. The change prompts investor review of governance and capital allocation. The company reported fiscal 2026 sales of $3,124.2m, net income of $529.8m, and a $281m buyback. It guides fiscal 2027 operating income of $850m-$880m.

Carpenter Technology (CRS) shares rose about 7% after it reported Q4 fiscal 2026 adjusted EPS of $3.23, above the $3.03 Zacks estimate. Net revenues rose 12.6% to $851 million. FY2026 adjusted EPS was $10.52, below $10.58 consensus. CRS guided FY2027 operating income of $850-$880 million and adjusted free cash flow of $400-$430 million.

Carpenter Technology (CRS) reported Q4 FY2026 operating income of $206.9 million, up 11% sequentially and 37% year over year, and diluted EPS of $3.23. FY2026 operating income rose 34% to $702 million. The company guided FY2027 operating income to $850 million to $880 million and FY2027 adjusted free cash flow to $400 million to $430 million, and discussed cash flow, repurchases, and its brownfield expansion.

Simply Wall St reports Carpenter Technology (NYSE:CRS) shares rose about 3% after earnings. The article cites record quarterly operating income and a net margin of 17%, up from 13.1% a year earlier, with Q4 revenue of $851m and EPS of $3.25. It notes a P/E of 48.7x and FY 2027 operating income guidance of $850m to $880m.

Carpenter Technology's new chief executive Brian Malloy died suddenly on 24 July, three weeks after taking the top job, forcing retired boss Tony Thene back into the role to steady a supplier critical to US defence and aerospace. The company said Malloy passed away 'suddenly and unexpectedly', without disclosing a cause. He was 59.