Carpenter Technology Corporation (NYSE:CRS) ranks among billionaire Stanley Druckenmiller’s 10 best stock picks. On January 29, Carpenter Technology Corporation (NYSE:CRS) reported second-quarter fiscal year 2026 earnings results, with an operating income of $155.2 million, a rise of 31% from $118.9 million in the second quarter of the previous year.
Carpenter’s largest division, the Specialty Alloys Operations (SAO), delivered notable performance, with operating income of $174.6 million, up 29% from $135.6 million in Q2 of the last fiscal year. The division also set a historical high in adjusted operating margin at 33.1%, marking its sixteenth consecutive quarter of improved margins.
That said, Aerospace and Defense remains Carpenter’s core growth driver, accounting for 65% of net sales and growing 15% year-over-year. Notably, commercial aerospace bookings increased 23% sequentially, indicating robust sector demand.
Looking ahead, Carpenter Technology Corporation updated its full-year estimate, predicting adjusted operating income of $680-700 million this year, a 30-33% increase over the previous. Moreover, the company added an operational income target of $765-800 million for fiscal year 2027.
Carpenter Technology Corporation is a global provider of high-performance specialty alloys and advanced materials for critical applications. The company also offers process solutions such as additive manufacturing and custom-engineered products.
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This article is originally published at Insider Monkey.
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