Carpenter Technology Furnishes Q1 FY27 Earnings Deck; Q2 SAO Operating Income Guided to $214M-$218M
CRS sits 20% above its 52-week low of $241.39 on elevated volume (3.4× avg).
Summary
Carpenter's Q1 FY27 earnings-call slides add Q2 segment guidance — SAO operating income of $214M-$218M — on top of results already released the same day. Aerospace bookings rose 49% year-over-year, but Q1 free cash flow was negative $24.8M after heavy buybacks and capex.
Key Events · Earnings and Guidance · CRS
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Q1 FY27 Slides Furnished
8-K furnishes Exhibit 99.1, the slide deck from the October 22, 2026 first-quarter fiscal 2027 earnings call; no new financial statements are included beyond the same-day release and 10-Q.
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Q2 Segment Guidance Set
SAO operating income guided to $214M-$218M for Q2 FY27, with PEP expected similar to Q1-27's $7.3M; Q1 SAO operating income was $216.3M, up 27% year-over-year.
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Aerospace Bookings Accelerate
Bookings in Aerospace structural and distribution sub-markets rose 23% sequentially and 49% year-over-year, with multiple long-term agreements under negotiation at higher pricing.
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Cash Tightens on Buybacks and Capex
Q1 FY27 free cash flow was negative $24.8M after $77.7M of capex and $133.9M of share repurchases; cash fell to $159.5M, leaving $658.6M of total liquidity and $985.0M available on the $1.0B authorization.
Analysis · CRS · Manufacturing
No new financial statements accompany this 8-K; it simply furnishes the slide deck from the October 22 earnings call already covered by the same-day press release and 10-Q. The deck's value lies in forward detail: SAO segment operating income is guided to $214M-$218M for Q2 FY27, PEP is expected roughly flat with Q1's $7.3M, and management reiterated FY27 free cash flow of $400M-$430M against a $1.0B buyback authorization with $985.0M still available. Demand commentary stands out as the strongest element — Aerospace structural and distribution bookings up 23% sequentially and 49% year-over-year, with multiple long-term agreements under negotiation at higher pricing. Cash is the offset: Q1 free cash flow was negative $24.8M on $77.7M of capex and $133.9M of buybacks, leaving $159.5M of cash and $658.6M of total liquidity.
How filings like this one have moved
In the 30 days to Oct 22, 2026, 29.3% of the 1526 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.41%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, CRS was trading at $290.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $14.5B. The 52-week trading range was $241.39 to $625.99. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.