05:21 PM EDT, 08/12/2026 (MT Newswires) -- Carpenter Technology ( CRS ) said late Wednesday its board has authorized an additional share repurchase program of up to $1.0 billion.

The company said it repurchased the remaining $119 million of shares available under its prior $400 million share repurchase program in August.

The company kept its quarterly dividend at $0.20 a share, payable Sept. 3 to stockholders of record on Aug. 25.