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

The company said, “Increasing operating income guidance for fiscal year 2026 to be in the range of $680 million to $700 million, representing a 30 percent to 33 percent increase over fiscal year 2025; Increasing adjusted free cash flow outlook to be at least $280 million in fiscal year 2026; For the third quarter of fiscal year 2026, anticipate between $177 million to $182 million in operating income; Well-positioned for continued growth beyond fiscal year 2027 with strong market demand outlook for our broad portfolio of specialized solutions, increasing productivity, optimizing product mix and pricing actions.”