10-K

Annual report

✓ VerifiedCarpenter Technology reported record fiscal 2026 operating income of $702.0 million and net income of $529.8 million ($10.52 diluted EPS) on net sales of $3,124.2 million, up 9 percent.

Filed Aug 12, 2026 · 16:45 ET

Summary

Net sales for fiscal year 2026 were $3,124.2 million, a 9 percent increase from fiscal year 2025, with Aerospace and Defense reaching $2,035.2 million, or 65 percent of total net sales.
Operating income was $702.0 million, described as the most profitable year in the company's history, up $176.6 million or 34 percent in adjusted terms from fiscal year 2025.
Net income was $529.8 million, or $10.52 per diluted share, compared with $376.0 million, or $7.42 per diluted share, in fiscal year 2025.
Tony R. Thene returned as Chief Executive Officer and President effective July 26, 2026, following the passing of Brian J. Malloy.
The company generated $605.0 million of cash from operating activities and expects fiscal year 2027 capital expenditures, including the Athens, Alabama brownfield expansion, of $355.0 million to $375.0 million.
During fiscal year 2026 the company repurchased 545,000 shares for an aggregate $179.1 million and paid dividends of $40.3 million, with $119.0 million remaining under the $400.0 million repurchase authorization.

Key facts

Net sales FY2026: $3,124.2 million
From the filing for Net sales FY2026
“Net sales for fiscal year 2026 wer e $3,124.2 million, which represents a 9 percent increase from fiscal year 2025.”
Operating income: $702.0 million
From the filing for Operating income
“Carpenter Technology completed fiscal year 2026 as the most profitable year in the Company's history, realizing $702.0 million in operating income.”
Net income: $529.8 million
From the filing for Net income
“For fiscal year 2026, we reported net income of $529.8 million, or $10.52 earnings per diluted share.”
Adjusted diluted EPS: $10.76
From the filing for Adjusted diluted EPS
“a djusted earnings per diluted share w as $10.76 in fiscal year 2026, and $7.48 in fiscal year 2025”
Aerospace and Defense sales: $2,035.2 million
From the filing for Aerospace and Defense sales
“Aerospace and Defense $ 2,035.2 65 % $ 1,768.6 62 %”
CEO change: Tony R. Thene, effective July 26, 2026
From the filing for CEO change
“Tony R. Thene was appointed to return to his capacity as Chief Executive Officer and President effective July 26, 2026, following the passing of Brian J. Malloy.”
Operating cash flow: $605.0 million
From the filing for Operating cash flow
“We generated $605.0 million of cash from operating activities in fiscal year 2026, as compared with cash generated from operating activities of $440.4 million in fiscal year 2025.”
FY2027 capex guidance: $355.0 million to $375.0 million
From the filing for FY2027 capex guidance
“In fiscal year 2027, we expect capital expenditures, including the brownfield expansion, to be in the range of $355.0 million to $375.0 million.”

Why it mattersCarpenter Technology, a major supplier of titanium, nickel, and cobalt alloys for aerospace and defense, posted record profitability driven by its Specialty Alloys Operations segment. The filing also discloses a CEO transition and continued spending on the Athens, Alabama capacity expansion.

Filed: Aug 12, 2026
Accepted: 2026-08-12 20:45Z
Period: Jun 30, 2026
Accession no.: 0000017843-26-000034
Size: 16.9 MB
Index: Filing index

Summary

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