Carpenter Technology Stock Down On Q4 Revenues Below Street, Profit Beats View; Sees Growth Ahead

(RTTNews) - Carpenter Technology Corp. (CRS) shares were losing around 6 percent in the morning trading on the NYSE, after the company's fourth-quarter revenues declined from last year, and missed the market estimates, even as profit beat Street.

Further, the company issued operating income outlook for the first quarter and fiscal 2026, expecting growth ahead.

Looking ahead, for first quarter of fiscal year 2026, the company anticipates between $148 million to $152 million in operating income.

For the year 2026, operating income is projected to be in the range of $660 million to $700 million, representing a 26 percent to 33 percent increase over last year's adjusted operating income.

Carpenter Technology added that it remains on track for fiscal year 2027 target of $765 million to $800 million in operating income, a nearly 25 percent compound annual growth rate from fiscal year 2025 adjusted operating income.

Beyond fiscal year 2027, the company said it is well positioned for continued earnings growth with strong market demand.

In the fourth quarter, Carpenter Technology's earnings came in at $111.7 million or $2.21 per share, compared with $93.6 million or $1.85 per share last year.

Adjusted earnings were $111.7 million or $2.21 per share for the period.

Analysts on average had expected the company to earn $2.06 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 5.4% to $755.6 million from $798.7 million last year. The Street was looking for revenues of $790.82 million for the quarter.

On the NYSE, the shares were losing around 5.5 percent to trade at $268.04.

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