Alloys maker Carpenter Technology's Q1 sales rise less than expected

By Reuters News


Overview

  • U.S. specialty alloys maker's fiscal Q1 sales rose 9% yr/yr but missed analyst expectations

  • EPS for fiscal Q1 rose to $3.25 from $2.43 a year ago

  • Company repurchased $133.9 mln in shares and announced new $1 bln buyback program


Outlook

  • Company sees Q2 FY2027 operating income between $192 mln and $197 mln

  • Carpenter Technology maintains FY2027 operating income outlook of $850 mln to $880 mln

  • Company sees potential upside to demand, pricing and productivity beyond current guidance


Result Drivers

  • PRODUCTIVITY AND PRICING - Co said productivity improvements, product mix optimization and pricing actions drove Q1 results

  • AEROSPACE DEMAND - Co said accelerating demand in commercial aerospace supply chain led to increased bookings, especially in structural and distribution sub-markets


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

Miss

$798.2 mln

$830.77 mln (7 Analysts)

Q1 EPS

$3.25


Reuters Recommended Reads

  • Oct 20 - Aerospace and military contractors raise 2026 profit forecasts

  • Oct 20 - GE Aerospace Q3 adjusted revenue beats on strong demand; lifts 2026 outlook

  • Oct 19 - Cleveland-Cliffs shares jump on raising 2027 outlook, first quarterly profit in 2 years


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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