Carpenter Technology reported a highly successful quarter with record profitability and strong cash flow, driven by improvements in safety performance, strategic market growth, and effective capital allocation. However, challenges in the Medical market and concerns over inventory levels in Aerospace related to Boeing's 737 platform were noted.

Company Guidance

During the Carpenter Technology Q4 FY '25 Earnings Conference Call, the company reported strong financial performance and provided guidance for FY 2026. The fourth quarter marked the most profitable quarter on record, with $151 million in adjusted operating income, a 21% increase over Q4 FY 2024. The SAO segment achieved a 30.5% adjusted operating margin, up from 25.2% the previous year. The company generated $201.3 million in adjusted free cash flow and repurchased $24.1 million of shares in the quarter. Looking ahead to FY 2026, Carpenter Technology projects operating income between $660 million and $700 million, representing a 26% to 33% increase over FY 2025. The company expects SAO to generate $162 million to $165 million in operating income in Q1 FY 2026, despite planned maintenance activities. Additionally, Carpenter anticipates $240 million to $280 million in adjusted free cash flow for FY 2026, net of capital expenditures related to a $400 million brownfield expansion project. Overall, the company remains optimistic about its growth outlook, driven by strong demand in its key markets of aerospace, medical, and energy.

Record Profitability

Carpenter Technology delivered the most profitable quarter on record with $151 million in adjusted operating income, a 21% increase year-over-year and a 10% increase sequentially.

Safety Performance Improvement

The company achieved a total case incident rate of 1.4, representing a 20% improvement over fiscal year 2024.

Strong Free Cash Flow

Generated $201.3 million in adjusted free cash flow during the quarter, contributing to a total of $287.5 million for the fiscal year.

Market Growth

Significant sales growth in Energy end-use market, with a 27% sequential and 22% year-over-year increase, driven by power generation demand.

Positive Aerospace and Defense Outlook

Sales in Aerospace and Defense increased 3% sequentially and 2% year-over-year, with strong demand in engines and defense submarkets.

Capital Allocation and Shareholder Returns

Executed $24.1 million in share repurchases during the quarter, totaling $101.9 million for the fiscal year, alongside quarterly dividends.

Carpenter Technology (CRS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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CRS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2026 (Q1)	2.12 / -	1.73	―	―	―
Jul 31, 2025	2025 (Q4)	2.07 / 2.21	1.82	21.43% (+0.39)
Apr 24, 2025	2025 (Q3)	1.74 / 1.88	1.19	57.98% (+0.69)
Jan 30, 2025	2025 (Q2)	1.61 / 1.66	0.85	95.29% (+0.81)
Oct 24, 2024	2025 (Q1)	1.58 / 1.73	0.88	96.59% (+0.85)
Jul 25, 2024	2024 (Q4)	1.51 / 1.82	0.78	133.33% (+1.04)
May 01, 2024	2024 (Q3)	0.94 / 1.19	0.38	213.16% (+0.81)
Jan 25, 2024	2024 (Q2)	0.85 / 0.85	0.13	553.85% (+0.72)
Oct 26, 2023	2024 (Q1)	0.76 / 0.88	-0.14	728.57% (+1.02)
Jul 27, 2023	2023 (Q4)	0.66 / 0.78	0	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CRS Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 31, 2025	$283.40	$249.18	-12.07%
Apr 24, 2025	$190.57	$199.23	+4.54%
Jan 30, 2025	$208.69	$193.26	-7.39%
Oct 24, 2024	$156.29	$153.90	-1.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Carpenter Technology (CRS) report earnings?

Carpenter Technology (CRS) is schdueled to report earning on Oct 23, 2025, Before Open (Confirmed).

What is Carpenter Technology (CRS) earnings time?

Carpenter Technology (CRS) earnings time is at Oct 23, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CRS EPS forecast?

CRS EPS forecast for the fiscal quarter 2026 (Q1) is 2.12.

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