Carpenter raises FY26 operating income view to $700M-$705M from $680M-$700M

Raises FY26 adjusted free cash flow view to $350M from $280M. Sees Q4 operating income $200M-$205M. The company said, “Looking ahead, demand in our Aerospace and Defense end-use market continues to accelerate as customers gain confidence in higher build rates. As a result, we saw sequential growth in bookings for the commercial aerospace structural sub-market during the quarter. Structural demand is closely tied to new production activity and is a clear indication of growing confidence in the aerospace supply chain. And as customers prioritize security of supply for these critical applications, we continue to advance long-term agreements that support volume visibility and pricing consistency, reinforcing our outlook for sustained growth.”