Overview

* Carpenter fiscal Q4 revenue missed analyst expectations, adjusted EPS beat, per LSEG data

* Company delivered record operating income and adjusted free cash flow in fiscal Q4

* Company reports most profitable year in its history

Outlook

* Carpenter expects FY2026 operating income of $660 mln to $700 mln

* Company anticipates $240 mln to $280 mln in adjusted free cash flow for FY2026

* Carpenter targets FY2027 operating income of $765 mln to $800 mln

Result Drivers

* AEROSPACE AND DEFENSE - Increased sales in Aerospace and Defense markets drove revenue growth

* SAO PERFORMANCE - Specialty Alloys Operations segment exceeded expectations with 30.5% operating margin

* CASH FLOW - Generated $201.3 mln in adjusted free cash flow due to improved working capital

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q4 Sales Miss $755.60 $792.60

mln mln (5

Analysts

)

Q4 Beat $2.21 $2.07 (5

Adjusted Analysts

EPS )

Q4 EPS $2.21

Q4 $167 mln

Operatin

g Income

Press Release:

(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.)