Every 8-K that Carpenter Technology Corp (CRS) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow CRS and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CRS filings page.
CARPENTER TECHNOLOGY CORP (CRS) reports that on August 25, 2026, Chairman, President and Chief Executive Officer Tony R. Thene sold 109,283 shares of Carpenter Technology common stock. The company states the sale was for estate planning, tax planning and financial diversification purposes.
After this transaction, Mr. Thene continues to beneficially own 466,697 shares of common stock, including shares held directly, through family trusts, and restricted share units that vest over time. Carpenter Technology notes that these holdings place him among its 20 largest stockholders as of the report date and describes them as reflecting his continued confidence in the company’s outlook and long-term stockholder value creation.
Carpenter Technology Corporation reported several board changes. On August 11, 2026, the Board appointed Kenneth J. Giacobbe as a Class III independent director, with a term ending at the company’s 2028 annual meeting of stockholders or until a successor is elected and qualified. He brings over three decades of finance and executive leadership experience in aerospace, advanced manufacturing and technology, including senior chief financial officer roles at Howmet Aerospace Inc., Arconic Inc. and Alcoa Corporation.
The company disclosed that director Howard Yu will step down effective October 6, 2026, coinciding with the upcoming annual stockholders’ meeting, and that director Colleen Pritchett will not stand for re-election. Both indicated their decisions were not due to any disagreement with the company or its management regarding operations, policies or practices. Carpenter Technology noted that Giacobbe is not a beneficial owner of its common stock, has no disclosable related-party transactions, entered into the company’s standard indemnification agreement, and will be compensated under the existing non-employee director compensation program.
Carpenter Technology Corporation reported a record fiscal fourth quarter and the most profitable year in its history for the period ended June 30, 2026. Fourth quarter net sales were $851.0 million, with operating income of $206.9 million and diluted earnings per share of $3.23. The Specialty Alloys Operations segment delivered operating income of $229.7 million and a record adjusted operating margin of 37.8%, reflecting productivity gains, higher pricing and improved product mix. The company generated $240.1 million of operating cash flow and $155.0 million of adjusted free cash flow in the quarter, and repurchased $45.2 million of shares.
For fiscal year 2026, operating income reached $702.0 million, up 34 percent over fiscal year 2025 adjusted operating income, with net sales of $3,124.2 million and diluted earnings per share of $10.52 ($10.76 adjusted). Cash from operating activities was $605.0 million and adjusted free cash flow was $362.3 million. The company repurchased $179.1 million of stock under its $400.0 million program, leaving $119.0 million authorized, and ended the year with total liquidity of $892.4 million. Carpenter guided fiscal 2027 operating income to $850–$880 million and set a fiscal 2029 operating income target of $1.2–$1.3 billion.
Carpenter Technology Corporation reported record fiscal 2026 results, with adjusted operating income of $702.0 million, more than five times fiscal 2023, and consolidated net sales of $3,124.0 million. In the fourth quarter, operating income reached $207.0 million and adjusted operating margin ex. surcharge revenue was 30.4%.
The company generated $605.0 million of cash from operating activities and $362.3 million in adjusted free cash flow for fiscal 2026, including $155.0 million in the fourth quarter. Liquidity totaled $892.4 million, with $393.3 million of cash and $499.1 million of available borrowings, while Net Debt/EBITDA was 0.3x.
Carpenter repurchased $179.1 million of stock in fiscal 2026, $281.0 million cumulatively under its $400.0 million authorization, and paid $40.3 million in dividends. Management guides fiscal 2027 operating income to $850–$880 million and adjusted free cash flow to $400–$430 million, and targets $1.2–$1.3 billion of operating income in fiscal 2029.
Carpenter Technology Corporation reported that its President, Chief Executive Officer and director, Brian J. Malloy, passed away suddenly and unexpectedly on July 24, 2026. The Board of Directors expressed condolences and recognized his significant contributions and leadership over the past decade.
On July 26, 2026, the Board appointed Tony R. Thene, then Executive Chairman, to return as Chief Executive Officer, and also as Chairman of the Board and President, effective immediately. Thene previously served as CEO from 2015 through June 2026. The company states he has no family relationships with any director or executive officer and no related-party transactions requiring Item 404(a) disclosure. Carpenter Technology is described as a leader in high-performance specialty alloy materials for aerospace, defense, medical, transportation, energy, and industrial and consumer markets.
Carpenter Technology Corporation reported record third quarter fiscal 2026 results with strong growth in sales, profit and cash flow. Net sales reached $811.5 million, up 12 percent from a year ago, while operating income climbed to $186.5 million, up 35 percent year-over-year and 20 percent sequentially. Net income was $139.6 million, and earnings per diluted share were $2.77, compared with $1.88 a year earlier.
The Specialty Alloys Operations segment drove performance with record operating income of $208.0 million and an adjusted operating margin of 35.6 percent, up from 29.1 percent in the prior-year quarter. Cash from operating activities was $193.5 million, supporting adjusted free cash flow of $124.8 million, both significantly higher than last year.
For full fiscal 2026, the company increased its outlook, now expecting operating income between $700 million and $705 million, at least 33 percent above fiscal 2025, and approximately $350 million in adjusted free cash flow. During the quarter, Carpenter repurchased 145,000 shares for $52.7 million under its $400.0 million share repurchase program.
Carpenter Technology reported a record third quarter of fiscal 2026, with net sales of $811.5 million and operating income of $186.5 million, both up strongly versus the prior quarter and year.
Net income rose to $139.6 million, or $2.77 per diluted share, with adjusted earnings per share matching that figure. Adjusted operating margin excluding surcharge revenue improved to 28.4%, reflecting higher productivity, a better product mix and pricing actions.
Aerospace & Defense remained the main growth engine, generating $435.6 million of net sales excluding surcharge, or 66% of that revenue line, with double-digit sequential and year-over-year growth. Year to date, the company produced $364.9 million in cash from operating activities and $207.3 million in adjusted free cash flow, while maintaining total liquidity of $793.8 million and Net Debt/EBITDA of (0.5x). Management now expects full-year fiscal 2026 operating income of $700–$705 million and approximately $350 million in adjusted free cash flow.
Carpenter Technology Corporation is reorganizing its leadership and board structure. The Board expanded from 11 to 12 directors and appointed Brian J. Malloy as a Class III director effective July 1, 2026, with a term running to the 2028 annual meeting.
On the same date, Malloy, currently President and Chief Operating Officer, will become President and Chief Executive Officer, while current CEO Tony R. Thene will become Executive Chairman of the Board. Malloy’s new role includes a $1,000,000 base salary, a target cash bonus of 125% of salary for the fiscal year ending June 30, 2027, and an annual equity award with a grant date fair value of $4,500,000.
Thene’s Executive Chairman role carries a $1,000,000 base salary, a target cash bonus of 100% of salary, and an annual equity award valued at $2,000,000 for the same fiscal year. Both executives remain eligible for the company’s deferred compensation, severance and other benefit plans, and the filing notes Malloy has no related-party transactions or family relationships requiring additional disclosure.
Carpenter Technology Corporation announced a planned leadership transition. Tony R. Thene will resign as Chief Executive Officer effective July 1, 2026 and become Executive Chairman of the Board on that date, continuing to guide strategy and key stakeholder relationships.
The Board appointed Brian Malloy, currently President and Chief Operating Officer, to serve as President and Chief Executive Officer effective the same date. The company states that Malloy has no disclosable family relationships or related-party transactions requiring Item 404(a) disclosure. A press release with further background and commentary from Thene, Malloy, and the Lead Independent Director is furnished as an exhibit.
Carpenter Technology Corporation filed a current report to share that it has released its fiscal 2026 second quarter results for the period ended December 31, 2025. The company distributed these results in a press release, which is furnished as an exhibit and not treated as filed financial statements.
Carpenter Technology Corporation filed a current report to note that it held its second quarter fiscal year 2026 earnings call on January 29, 2026, which was broadcast live by webcast. The company has furnished the slide presentation used during the call as Exhibit 99.1.
The slides are provided as supplemental information and are expressly described as being “furnished” rather than “filed,” which means they are not treated as part of the company’s formal financial filings for liability purposes. No specific financial results or metrics are detailed in this report itself.
Carpenter Technology Corporation reported that it has completed an offer and sale of $700 million aggregate principal amount of 5.625% senior notes due 2034. The notes pay interest semiannually on March 1 and September 1, starting March 1, 2026, and mature on March 1, 2034, with various optional redemption features before maturity, including a make-whole call and an equity-funded redemption of up to 40% of the notes at 105.625% before March 1, 2029.
The company also entered into an amendment and restatement of its credit facility, increasing revolving commitments from $350 million secured to $500 million unsecured, expanding the uncommitted accordion feature to allow up to $650 million of additional revolving or term loan capacity, and extending the facility’s maturity to the fifth anniversary of the amendment’s closing while adjusting interest rates and financial covenants.
Carpenter Technology Corporation announced the pricing of a private offering of $700.0 million aggregate principal amount of 5.625% senior notes due 2034. The notes will be offered in the U.S. to qualified institutional buyers under Rule 144A and outside the U.S. in compliance with Regulation S, and have not been registered under the Securities Act.
The company furnished a press release as Exhibit 99.1. Any resale in the United States is expected to be limited to investors reasonably believed to be qualified institutional buyers, consistent with the private placement structure.
Carpenter Technology (CRS) announced it intends to offer, subject to market and other conditions, $700.0 million aggregate principal amount of senior notes due 2034 in a private offering. The notes will not be registered under the Securities Act and are expected to be eligible for resale in the U.S. only to qualified institutional buyers and to non‑U.S. persons in compliance with Regulation S.
The company is also moving to amend and restate its credit facility, expecting to increase revolving commitments from $350 million secured to $500 million unsecured, add an uncommitted accordion feature of up to $650 million, extend the maturity to the fifth anniversary of closing, and modify rates and covenants. The amendment is anticipated to close concurrently with or prior to the offering, though there is no assurance on timing or outcome.
Carpenter Technology Corporation furnished slides from its first quarter fiscal 2026 earnings call, which was broadcast by webcast. The presentation materials are included as Exhibit 99.1 and are expressly stated as furnished, not deemed filed.
Carpenter Technology Corporation furnished an 8-K announcing fiscal 2026 first quarter results for the period ended September 30, 2025. The company issued a press release on October 23, 2025, which is included as Exhibit 99.1. The information under Item 2.02 is furnished and shall not be deemed to be filed. The filing also lists the Cover Page Interactive Data File as Exhibit 104.
Carpenter Technology Corporation reported the results of a stockholder meeting where three director nominees were elected to terms expiring in 2028. Shareholders also ratified the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for fiscal year 2026. In a non‑binding advisory vote, stockholders approved the compensation of the company’s named executive officers. The filing is signed by James D. Dee, Senior Vice President, General Counsel and Secretary.
Carpenter Technology Corporation announced board and senior management changes effective immediately prior to its 2025 Annual Meeting. I. Martin Inglis, who served on the Board for 22 years, informed the Company he will retire and will not stand for re-election at the 2025 Annual Meeting, which is currently expected to be held on October 7, 2025. The Board appointed Tony R. Thene, the Company’s President and Chief Executive Officer, to serve as Chairman of the Board and named Steven M. Ward as Lead Independent Director.
The Board also promoted Brian J. Malloy, formerly Senior Vice President and Chief Operating Officer, to President and Chief Operating Officer. The filing states Mr. Malloy has no family relationships with directors or executive officers, no arrangements related to his selection, and no material interests in transactions requiring disclosure under Item 404.