$CRS

On CNBC’s “Mad Money Lightning Round,” Jim Cramer recommended buying Carpenter Technology (CRS) after it announced a $1 billion buyback and a 20 cents per share quarterly dividend. He called DXC Technology (DXC) a “value trap” after mixed Q2 results. He also commented on several other stocks including SENS, Ubiquiti (UI), Hess Midstream (HESM), Zeta Global, UL Solutions, and Coupang.

Carpenter Technology said it has approved an additional $1.0 billion share repurchase program after completing a prior authorization, according to the company. The announcement updates its capital return plan and may affect investor expectations for future buybacks and share supply.

Carpenter Technology’s board approved an additional $1 billion share repurchase program and declared a quarterly dividend, according to the company. The NYSE-listed stock closed at $528.64, down 1.66% on the day, after a -7.32% year-to-date change.

Carpenter Technology, according to Investing.com, announced a quarterly cash dividend of $0.20 per share. The declaration sets the payout level for shareholders and may affect income-focused investors and dividend expectations.

CARPENTER TECHNOLOGY CORP (CRS) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. crs-20260812 0000017843 FALSE 0000017843 2026-08-12 2026-08-12 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ___________________________________ FORM 8-K ___________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities

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 its board declared a quarterly cash dividend of $0.20 per share on its common stock. The dividend is payable Sept. 3, 2026, to shareholders of record as of Aug. 25, 2026, according to the company.

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.