Welcome to our dedicated page for Carpenter Technology news (Ticker: CRS), a resource for investors and traders seeking the latest updates and insights on Carpenter Technology stock.
Carpenter Technology Corporation (NYSE: CRS) is a manufacturer of high-performance specialty alloy materials and process solutions serving aerospace and defense, medical, transportation, energy, and industrial and consumer markets. This news page aggregates company-specific announcements, press releases and market updates related to CRS.
According to its public statements, Carpenter Technology focuses on premium specialty alloys, including nickel, cobalt, and titanium, for critical applications. News about the company often covers developments tied to these end-use markets, such as demand trends in aerospace and defense or activity in medical and energy applications.
Investors and analysts following CRS can use this news feed to review topics the company highlights in its communications. Recent releases have included information on quarterly and annual financial results, operating income trends, and conference calls and webcasts scheduled to discuss results. The company also issues news on quarterly cash dividends declared by its Board of Directors and share repurchase activity under its authorized program.
Carpenter Technology’s capital markets activity is another recurring theme in its news. The company has announced offerings and pricing of senior notes due 2034 and related changes to its credit facilities, including increased revolving commitments and amended terms. These items appear in both press releases and corresponding Form 8-K filings.
In addition, Carpenter Technology publishes updates on corporate governance and classification matters, such as changes in board leadership roles and its reclassification under the Global Industry Classification Standard (GICS) to an Aerospace & Defense designation. Users interested in CRS can review this page regularly to see the sequence of official announcements that shape the company’s public narrative and provide context for its stock.
Carpenter Technology (NYSE: CRS) reported record second-quarter operating income of $155.2M for the quarter ended December 31, 2025, a 31% increase year-over-year, and adjusted EPS of $2.33. Specialty Alloys Operations delivered $174.6M operating income and a 33.1% adjusted operating margin. The company generated $132.2M cash from operations, repurchased $32.1M of stock, and raised fiscal 2026 operating income guidance to $680M–$700M with at least $280M of adjusted free cash flow expected.
Carpenter Technology (NYSE: CRS) announced a quarterly cash dividend of $0.20 per share, payable March 5, 2026, to shareholders of record on January 27, 2026.
The dividend is for common stock and is a regular cash distribution from the company's Board of Directors. Contact information for investor and media inquiries is provided.
Carpenter Technology (NYSE: CRS) will hold a conference call and webcast on Thursday, January 29, 2026 at 10:00 a.m. ET to discuss second quarter fiscal 2026 results for the period ended December 31, 2025. The company will release Q2 FY2026 financial results before the market opens on January 29, 2026, with the call and live webcast following the release.
Dial-in for the live call is +1 (646) 307-1963. The live and archived webcast will be available at ir.carpentertechnology.com. Investor and media contacts are listed for follow-up inquiries.
Carpenter Technology (NYSE: CRS) closed a private offering of $700.0 million aggregate principal amount of 5.625% senior notes due 2034 on November 20, 2025.
The company intends to use net proceeds and cash on hand to redeem in full its 6.375% senior notes due 2028 and 7.625% senior notes due 2030, including accrued interest and any premium. The Notes were sold under Rule 144A and Regulation S and are not registered under the Securities Act.
The company also amended and restated its second amended and restated credit agreement to increase revolving commitments from $350 million secured to $500 million unsecured, add an uncommitted accordion feature up to $650 million, extend the facility maturity to 2030, and modify interest rates and covenant levels.
Carpenter Technology (NYSE: CRS) priced a private offering of $700.0 million aggregate principal amount of 5.625% senior notes due 2034, sold under Rule 144A and Regulation S. The offering is expected to close on November 20, 2025 subject to customary closing conditions.
Net proceeds, together with cash on hand, will be used to redeem in full the company’s 6.375% senior notes due 2028 and 7.625% senior notes due 2030 (including accrued interest and premium where applicable) and for general corporate purposes, which may include repayment or repurchase of other indebtedness.
Carpenter Technology (NYSE: CRS) announced a proposed private offering of $700.0 million aggregate principal amount of senior notes due 2034 to qualified institutional buyers under Rule 144A and to certain non‑U.S. investors under Regulation S.
The company intends to use net proceeds, together with cash on hand, to redeem in full its 6.375% senior notes due 2028, repay in full its 7.625% senior notes due 2030, and for general corporate purposes, which may include repayment or repurchase of other indebtedness. The Notes are not registered under the Securities Act and this release is not a redemption notice or an offer to sell.
Carpenter Technology (NYSE: CRS) reported record first-quarter fiscal 2026 results for the quarter ended September 30, 2025. The company generated $153.3 million of operating income (up 31% year-over-year) and $2.43 diluted EPS, with net sales of $733.7 million. The Specialty Alloys Operations segment delivered $170.7 million of operating income and a 32.0% adjusted operating margin, up from 26.3% a year earlier (fifteenth consecutive quarterly margin increase).
Bookings in Aerospace & Defense rose 23% sequentially. Carpenter repurchased $49.1 million of stock and ended the quarter with $556.9 million total liquidity. Fiscal 2026 operating income guidance is $660–700 million (a 26–33% increase vs FY2025) and adjusted free cash flow guidance is $240–280 million net of brownfield spending.
Carpenter Technology (NYSE: CRS) announced a quarterly cash dividend of $0.20 per share, payable December 4, 2025, to shareholders of record on October 21, 2025.
The Board of Directors declared the dividend on October 9, 2025. The company noted its focus on high-performance specialty alloy materials and process solutions for aerospace, defense, medical, and other markets.
Carpenter Technology (NYSE:CRS) has scheduled its first quarter fiscal 2026 earnings conference call and webcast for October 23, 2025, at 10:00 a.m. ET. The financial results for the quarter ended September 30, 2025, will be released before the market opens on the same day.
The conference call can be accessed at +1 (646) 307-1963, while the webcast will be available through the company's investor relations website. Carpenter Technology, founded in 1889, specializes in high-performance specialty alloy materials and process solutions for aerospace, defense, medical, transportation, energy, and industrial markets.
Carpenter Technology (NYSE:CRS) announced its reclassification under the Global Industry Classification Standard (GICS) to the Aerospace & Defense sector (code: 20101010), effective September 30, 2025. The change reflects the company's strategic focus and sustained revenue concentration in aerospace and defense markets.
CEO Tony Thene emphasized that this update is expected to enhance visibility with sector-focused investors and support a valuation that better aligns with the company's earnings potential and growth trajectory. Carpenter Technology serves as a critical provider of advanced alloy solutions across commercial aerospace and defense applications.
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