Record Earnings and Operating Income
Carpenter Technology reported $153 million in adjusted operating income, a 31% increase over the first quarter of fiscal year 2025, setting a new record for quarterly earnings.
Expanding Operating Margins
The SAO segment achieved an adjusted operating margin of 32%, up from 26.3% a year ago and 30.5% in the previous quarter.
Strong Aerospace and Defense Demand
Aerospace and Defense bookings accelerated, up 23% sequentially, driven by confidence in Boeing and Airbus build rates.
Successful Pricing Actions
The company negotiated 5 large long-term agreements with significant price increases, reflecting strong market demand.
Positive Cash Flow and Shareholder Returns
Generated $39.2 million in cash from operating activities and continued to execute a $400 million stock buyback authorization, with $49.1 million repurchased in the current quarter.