Carpenter Technology's Record-Breaking Q3 FY2026

Carpenter Technologys Q3 FY2026 results shatter records with $187M operating income, a 20% increase from the previous record. Sales surged 10% YoY and 11% QoQ, driven by higher volumes and pricing power. The Specialty Alloys Operations segment led the charge with a 35.6% margin and $208M in operating income. Aerospace and defense sales soared 17% YoY and 13% QoQ, while energy end-markets surged 44% YoY. Medical sales dipped 29% YoY but show signs of recovery. Cash flow surged, with $193.5M from operations and $124.8M in adjusted free cash flow. The company repurchased $133.9M in shares and raised full-year free cash flow guidance to at least $350M. Carpenter Technology is well-positioned for a multi-year boom in high-value alloys, with fiscal year 2026 operating income expected to grow at least 33% over last years record. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/cafcfba033ab9fc4