Alloys maker Carpenter Technology's Q1 sales rise less than expected

Carpenter Technology

Today 13:09

Overview
U.S. specialty alloys maker's fiscal Q1 sales rose 9% yr/yr but missed analyst expectations
EPS for fiscal Q1 rose to $3.25 from $2.43 a year ago
Company repurchased $133.9 mln in shares and announced new $1 bln buyback program

Outlook
Company sees Q2 FY2027 operating income between $192 mln and $197 mln
Carpenter Technology maintains FY2027 operating income outlook of $850 mln to $880 mln
Company sees potential upside to demand, pricing and productivity beyond current guidance

Result Drivers
PRODUCTIVITY AND PRICING - Co said productivity improvements, product mix optimization and pricing actions drove Q1 results
AEROSPACE DEMAND - Co said accelerating demand in commercial aerospace supply chain led to increased bookings, especially in structural and distribution sub-markets

Company press release: ID:nGNXbcWQks

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
$798.2 mln
$830.77 mln (7 Analysts)
Q1 EPS
 
$3.25
 

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(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.)