Welcome to our dedicated page for Carpenter Technology SEC filings (Ticker: CRS), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Carpenter Technology Corporation filings document an operating specialty materials issuer with common stock listed on the New York Stock Exchange under CRS. Recent Form 8-K disclosures cover quarterly results, earnings-call materials, Regulation FD communications, dividend and governance events, and capital-structure actions.
The filing record includes material agreements for the company’s 5.625% senior notes due 2034, along with exhibits describing press releases, presentation materials, indenture terms, and related financial disclosures. Carpenter Technology’s filings also frame risks around the cyclical specialty materials business, aerospace, defense, medical, energy, transportation, industrial and consumer end markets, manufacturing performance, raw material, energy and freight costs, and execution of operating improvements.
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 reported stronger quarterly results, with net sales of $811.5 million versus $727.0 million a year earlier, driven mainly by Aerospace and Defense demand. Net income rose to $139.6 million, or $2.77 diluted EPS, compared with $95.4 million and $1.88.
Operating income increased to $186.5 million from $137.8 million as product mix shifted toward higher-value materials and pricing and productivity improved, particularly in the Specialty Alloys Operations segment. Gross margin expanded to 31.0% of sales, or 38.4% excluding raw‑material surcharges.
For the nine months, net sales reached $2,273.2 million and operating cash flow grew to $364.9 million from $182.3 million, supporting capital spending of $157.6 million and share repurchases of 445,000 shares for $133.9 million while maintaining long-term debt near $690 million.
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 director Julie A. Beck received a grant of 52.33 Director Stock Units on March 31, 2026. These units were awarded under the company’s Stock-Based Compensation Plan for Non-Employee Directors and convert into common stock on a 1-for-1 basis.
Following this grant, Beck holds a total of 1,008.68 Director Stock Units. The award includes dividend equivalents that had not been previously reported and is payable upon the later of separation of service or a specified date or event.
Carpenter Technology Corporation director Charles Douglas McLane Jr. received a grant of 68.18 Director Stock Units on common stock. These restricted stock units were awarded under the Carpenter Technology Stock-Based Compensation Plan for Non-Employee Directors as part of his board compensation.
The units convert into common stock on a 1-for-1 basis and are payable upon the later of his separation from service or a specified date or event. Following this award, he holds a total of 25,187.09 Director Stock Units, which include dividend equivalents not previously reported.
The Vanguard Group filed Amendment No. 13 to a Schedule 13G/A reporting zero beneficial ownership of Carpenter Technology Corp common stock. The filing states 0 shares beneficially owned and 0% of the class and explains Vanguard's internal realignment and disaggregation of certain subsidiaries' holdings.
The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026.
Carpenter Technology Corp senior vice president, general counsel and secretary James D. Dee reported selling a total of 15,800 shares of common stock in open-market transactions. The sales occurred on February 24, 2026 in three blocks at weighted average prices around $391–$393 per share, executed through multiple individual trades within stated price ranges. After these sales, Dee directly owns 73,739.47 shares, which include shares acquired through the company’s Dividend Reinvestment Program.
Carpenter Technology director Steven E. Karol reported selling a total of 6,500 shares of common stock. He sold 3,000 shares in a direct open-market sale at $380.00 per share and 3,500 shares in an indirect open-market sale at an average price of $381.1227 per share, held by affiliates of the reporting person. After these transactions, he directly owned 177,000 shares and indirectly owned 225,381 shares. A footnote explains that the $381.1227 figure is an average price, with individual trades between $381.04 and $381.18 per share.