Carpenter Technology's fiscal first-quarter sales rose 9% year over year to $798.2 million, below the $830.77 million consensus, while EPS increased to $3.25 from $2.43. It announced a new $1 billion buyback program and maintained its fiscal 2027 operating income outlook of $850 million to $880 million.
Carpenter Technology reported fiscal first-quarter sales of $798.2 million, up 9% year over year but below analyst expectations of $830.77 million. EPS rose to $3.25 from $2.43 a year earlier. The company said productivity improvements, product mix optimization and pricing actions drove results.
The company repurchased $133.9 million in shares and announced a new $1 billion buyback program. It expects second-quarter fiscal 2027 operating income of $192 million to $197 million and maintained its full-year outlook of $850 million to $880 million. It sees potential upside to demand, pricing and productivity beyond its current guidance.
Carpenter Technology said accelerating demand in the commercial aerospace supply chain led to increased bookings, particularly in structural and distribution sub-markets.
