$CRS

KeyBanc downgraded Carpenter Technology (CRS) to Sector Weight from Overweight due to softer second-quarter fiscal 2027 guidance and market sentiment. The stock has dropped 24.75% in a week, trading near its 52-week low. Carpenter's Q1 earnings beat estimates with $3.25 EPS but missed revenue forecasts at $798.5M. The company maintained its full-year free cash flow target of $400M-$430M. Susquehanna adjusted its price target to $450 from $600, keeping a Positive rating.

Carpenter Technology's stock fell 24.5% this week. Despite a P/E ratio of 25.1, the company's stock is considered a bargain at 17.9 times operating cash flow, below its five-year average of 19.3.

Susquehanna reduced its price target for Carpenter Technology (CRS) to $450 from $600, citing valuation concerns. CRS shares are down 22% this week. The company's Q1 results were in-line with expectations, but revenue missed estimates. Management maintained its fiscal 2027 operating income outlook and highlighted growth opportunities in aerospace and defense.

BTIG kept its Buy rating on Carpenter Technology with a $470 price target, suggesting a 60.8% upside from the Oct 22 close. The firm cites strong demand in aerospace and defense, and the company's pricing power and growth potential as reasons for the rating.

CARPENTER TECHNOLOGY CORP (CRS) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 CARPENTER TECHNOLOGY REPORTS FIRST QUARTER FISCAL YEAR 2027 RESULTS Delivered Record First Quarter Operating Income, Up 28 Percent Year-Over-Year Strong Results Reflect Productivity Improvements, Mix Optimization and Benefits from Pricing Actions Realized Adjusted Op

CARPENTER TECHNOLOGY CORP (CRS) filed an SEC Form 8-K — Results of Operations and Financial Condition. © 2026 CRS Holdings, LLC. All rights reserved. CARPENTER TECHNOLOGY CORPORATION 1st Quarter Fiscal Year 2027 Earnings Call October 22, 2026 Exhibit 99.1 © 2026 CRS Holdings, LLC. All rights reserved. Cautionary Statement Forward-looking statements This presentation contains forwa

Carpenter Technology reported 1Q 2026 revenue of $798.2M, up 8.8% YoY, and net income of $162.5M, up 32.7% YoY. EPS was $3.25. Aerospace and Defense sales grew 14%, while Medical and Energy sales declined. The company expects fiscal 2027 capital spending of $355M to $375M.

Carpenter Technology reported fiscal 2027 Q1 results with net sales up 9% YoY to $798.2M and operating income up 28% to $196.4M. Despite this, stock dropped 22% due to a 5% sequential decline in operating income and weaker performance in the PEP segment. Management remains optimistic, projecting operating income to reach $850M-$880M for FY2027 and $1.2B-$1.3B by FY2029, citing strong demand in aerospace and pricing improvements.

Spotify shares rose 9% after Q4 profit beat forecasts, with €5.2bn revenue and €820m operating income expected for the fall. Lockheed Martin shares gained 6.6% on strong Q3 sales and raised 2026 outlook. Procter & Gamble shares increased 5.72% after lifting full-year sales growth outlook. Carpenter Technology shares dropped 20.01% on missed Q1 revenue. TTM Technologies shares fell 27% despite record Q3 results.

Carpenter Technology will appoint Jed S. Freeman as Vice President, General Counsel, and Secretary on January 1, 2027, following James D. Dee's retirement on December 31, 2026. Freeman, currently Deputy General Counsel, joined the company in 2007.