Overview
- Carpenter reported Q1 operating income of $153.3 million, EPS of $2.43, and revenue of $733.7 million for the quarter ended Sept. 30.
- The quarter exceeded Wall Street estimates, with analysts expecting $2.13 EPS and $729.1 million in revenue, according to Zacks-based reports.
- The Specialty Alloys Operations segment produced $170.7 million in operating income and a 32.0% adjusted margin, marking the fifteenth consecutive quarterly increase.
- Aerospace and defense bookings rose 23% sequentially, and the company finalized several long-term aerospace agreements with what it described as significant value realization.
- FY2026 guidance calls for $660 million–$700 million in operating income and $240 million–$280 million in adjusted free cash flow after brownfield spending of $175 million–$185 million, with Q2 operating income guided to $152 million–$156 million and $49.1 million in Q1 share repurchases executed.