Carpenter Technology Corp.
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+ FollowMarket Cap$14.02B
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Earnings Call Q4 2026
July 30, 2026 - AI Summary
Q4/FY26 momentum: record profitability + cash flow
- Q4 (ended Jun 30, 2026): Sales (ex surcharge) +9% YoY on +22% volume; operating income $206.9M (+37% YoY, +11% QoQ)—a new quarterly record.
- SAO segment strength: Adjusted SAO operating margin 37.8% (vs 35.6% QoQ and 30.5% YoY), with SAO operating income $229.7M (+10% sequentially).
- Cash generation (Q4): Operating cash flow $240.1M; adjusted free cash flow $155M.
- FY26 totals: Adjusted operating income $702M (+34% vs FY25); Adjusted free cash flow $362.3M.
Shareholder returns: continuing buybacks + dividend
- Q4 repurchases: $45.2M; FY26 repurchases total $179.1M.
- FY26 dividends: $40.3M (recurring long-standing quarterly dividend).
- Liquidity/financial flexibility cited as strong: total liquidity $892.4M (cash $393.3M + credit availability $499.1M), net debt/EBITDA < 1x.
Guidance—strong near-term growth, explicit FY27 and FY29 targets
- FY27 (full year) outlook: Operating income $850M–$880M (~21%–25% growth vs record FY26).
- FY27 Q1 outlook: Operating income $195M–$200M; built from SAO $218M–$222M, PEP $6M–$7M, corporate ~ $29M.
- FY27 cash outlook: Adjusted free cash flow $400M–$430M (includes remaining brownfield investment expected to finish early FY28).
- FY29 outlook: Operating income ~$1.2B–$1.3B, implying >20% 3-year CAGR from FY26; management says FY29 isn’t the “peak,” because brownfield ramp continues and underlying demand remains strong.
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$278.45
4.7% downside
Current Fair Value
4.7% downsideOvervalued by 4.7% based on the discounted cash flow analysis.
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Share Statistics
| Market cap | $14.02 Billion |
|---|---|
| Enterprise Value | $14.56 Billion |
| Annual dividend | $0.80 |
| Dividend yield | 0.28% |
| Earnings per Share | $10.59 |
| Beta | 1.29 |
| Outstanding Shares | 49,800,000 |
Return
| Return on Equity | 26.10% |
|---|---|
| Return on Assets | 15.22% |
| Return on Invested Capital | 22.35% |
Valuation & Multiples
| P/E Ratio | 24.83 |
|---|---|
| PEG | 76.05 |
| Price to Sales | 4.57 |
| Price to Book Ratio | 6.8 |
| Enterprise Value to Revenue | 4.56 |
| Enterprise Value to EBIT | 19.88 |
| Enterprise Value to Net Income | 25 |
| Total Debt to Enterprise | 0.05 |
| Debt to Equity | 0.32 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 22, 2026
EPS Estimate
$3.04
Consensus analyst estimateRevenue Estimate
$830.85 M
Consensus analyst estimateNext Earnings Call
Expected Date
January 28, 2027
EPS Estimate
$2.94
Consensus analyst estimateRevenue Estimate
$799.37 M
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 0.00, the ratio is below 1, so institutions hold more calls than puts.
| Put/Call Ratio | 0.0000▼ 63.17% |
|---|---|
| Total Calls | -▼ 100.00% |
| Total Puts | -▼ 100.00% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 2.41%▼ 91.85% |
|---|---|
| Total Invested | $470.61M▼ 98.37% |
| Investors Holding | 255▼ 657.00% |
About Carpenter Technology Corp.
CEO: Tony Thene
