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 reports developments tied to high-performance specialty alloy materials and process solutions for aerospace and defense, medical, transportation, energy, and industrial and consumer markets. The company’s updates commonly cover Specialty Alloys Operations, Performance Engineered Products, demand in commercial aerospace and defense applications, and premium nickel, cobalt, and titanium alloys.
Recurring news also includes quarterly operating results, segment margin commentary, bookings and long-term customer agreements, common-stock dividends, share repurchases, debt financing, and governance changes. The company’s manufacturing base includes alloy and stainless steel operations in Pennsylvania, South Carolina, and Alabama, with revenue reported across the United States and international regions.
Carpenter Technology (NYSE: CRS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share on its common stock. The dividend is payable on September 3, 2026 to shareholders of record as of August 25, 2026.
Carpenter Technology (NYSE: CRS) appointed Ken Giacobbe to its Board of Directors, effective August 11, 2026. Giacobbe is the former Executive Vice President and Chief Financial Officer of Howmet Aerospace and previously held senior finance roles at Arconic, Alcoa, Avaya and Lucent Technologies.
On August 11, 2026, Howard Yu informed the Board he will step down as director effective October 6, 2026, and Colleen Pritchett decided not to stand for re-election at the 2026 Annual Stockholders’ Meeting. The Board currently has 12 members (11 independent); after October 6, it will have 10 members (9 independent).
Carpenter Technology (NYSE: CRS) announced that its board has authorized a new share repurchase program for up to $1.0 billion of outstanding common stock. In August 2026, the company repurchased the remaining $119.0 million under its prior $400 million authorization, effectively completing that program.
According to Carpenter Technology, the new authorization reflects confidence in its long-term value, record fiscal 2026 results, and fiscal 2027 growth outlook. Repurchases may be executed via open market, private transactions, or accelerated programs and can be modified or terminated. The company expects to fund buybacks with operating cash flow and available liquidity.
Carpenter Technology (NYSE: CRS) reported fourth quarter FY2026 net sales of $851.0 million (up 13% year-over-year) and record operating income of $206.9 million, with earnings per diluted share of $3.23. Net sales excluding surcharge were $679.7 million, up 9% on 22% higher shipment volume. The Specialty Alloys Operations segment delivered $229.7 million of operating income and a record adjusted operating margin of 37.8%.
For FY2026, operating income was $702.0 million, 34% above FY2025 adjusted operating income, with net income of $529.8 million and EPS of $10.52. The company generated $605.0 million of operating cash flow and $362.3 million of adjusted free cash flow, repurchased $179.1 million of stock under a $400.0 million program, and ended the year with $892.4 million of liquidity. Carpenter Technology issued FY2027 operating income guidance of $850–$880 million and a FY2029 operating income target of $1.2–$1.3 billion.
Carpenter Technology (NYSE: CRS) announced that President and CEO Brian Malloy passed away suddenly on Friday, July 24. The Board and company expressed condolences and recognized his decade of contributions and leadership.
The Board appointed Executive Chairman Tony Thene to return as Chief Executive Officer, effective immediately. Thene previously served as CEO from 2015 through June 2026 and will continue to serve as Chairman.
Carpenter Technology (NYSE: CRS) will host a conference call and webcast on Thursday, July 30, 2026 at 10:00 a.m. ET to review fourth quarter fiscal 2026 results for the period ended June 30, 2026.
The financial results will be released before the market opens the same day, with live and archived access via ir.carpentertechnology.com.
Carpenter Technology (NYSE: CRS) reported record third-quarter fiscal 2026 results: operating income $186.5M (up 20% sequentially, 35% YoY) and EPS $2.77. Specialty Alloys Operations delivered $208.0M operating income with a 35.6% adjusted operating margin. Cash from operations was $193.5M and adjusted free cash flow $124.8M. The company raised FY2026 operating income guidance to $700–705M and adjusted free cash flow to ~$350M. Share repurchases totaled $52.7M in the quarter.
Carpenter Technology (NYSE: CRS) announced a quarterly cash dividend of $0.20 per share, payable June 4, 2026 to shareholders of record on April 28, 2026. The Board declared the dividend on April 17, 2026. Carpenter Technology supplies specialty alloy materials for aerospace, defense, and medical markets.
Carpenter Technology (NYSE: CRS) will host a conference call and webcast on Wednesday, April 29, 2026 at 10:00 a.m. ET to discuss results for the third quarter of fiscal 2026, ended March 31, 2026. The call follows release of Q3 fiscal 2026 financial results, issued before market open on April 29.
Investors can join via live call at +1 (646) 307-1963 or via live and archived webcast at ir.carpentertechnology.com. Contact details for investor and media inquiries are provided.
Carpenter Technology (NYSE: CRS) announced a planned CEO transition: Brian Malloy, currently President & Chief Operating Officer, will become CEO effective July 1, 2026. Tony Thene will move from Chairman and CEO to Executive Chairman to guide strategy and maintain stakeholder relationships.
Malloy has 10 years at Carpenter and has served as COO since 2023, previously holding senior commercial and operational roles. The Board cited internal continuity and Malloy’s operational track record as reasons for the appointment.