Younessi Ramin sold $216K of CRS

Carpenter Technology (CRS) reports strong demand across end-use markets, with aerospace and defense sales up 15% in fiscal 2026. Industrial, consumer, and transportation sales also increased, offsetting a 1.9% decline in medical sales. The company expects fiscal 2027 operating income of $850-$880 million, a 21-25% increase, and targets $1.2-$1.3 billion by fiscal 2029.

Carpenter Technology reported $605M in operating cash flow and $362.3M in adjusted free cash flow for FY26, up 37.4% and 26% YoY. The company expects FY27 operating income of $850M-$880M and adjusted free cash flow of $400M-$430M. It is investing in a $400M expansion project and maintains a strong balance sheet with $892.4M in liquidity. Shares have surged 98.2% over the past year, trading at a forward P/S ratio of 6.85X.

Thene Tony R (Chairman, President and CEO) sold 57,456 indirectly-held shares of CARPENTER TECHNOLOGY CORP (CRS) at an average of $483.90 ($479.89–$488.74, $27.80M total) across 10 trades on 2026-08-25.

Thene Tony R (Chairman, President and CEO) sold 51,827 shares of CARPENTER TECHNOLOGY CORP (CRS) at an average of $483.78 ($479.49–$489.33, $25.07M total) across 11 trades on 2026-08-25.

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.