Carpenter Tech posts record $702M operating income (+35%) on 8.6% revenue growth to $3.1B

Filed August 12, 2026 · Period ending June 30, 2026 · Compared to 10-K Aug 12, 2025 · ~2 min read

Key Changes

• high

  Operating income rose 35% to $702M (FY2026's most profitable year ever), driven by productivity gains and pricing realization; adjusted operating margin in the SAO segment expanded from 28.6% to 34.7% ex-surcharge.

  MD&A: Operating Income verify on EDGAR →
• high

  Net income increased 40.9% to $529.8M and diluted EPS rose 41.8% to $10.52, outpacing operating income growth as interest expense fell 22% following debt refinancing.

  Key Financials / MD&A: Interest Expense verify on EDGAR →
• high

  Aerospace and Defense sales grew 15% to $2.0B (now 65% of total revenue), driven by increasing build rates, aging fleet replacement, and higher defense sales for missile applications.

  MD&A: Aerospace and Defense verify on EDGAR →