Carpenter Technology Posts $798.2 Million in Fiscal First-Quarter Net Sales

Carpenter Technology recorded $798.2 million in net sales for the fiscal first quarter ended Sept. 30, a 9% increase from $733.7 million in the year-earlier quarter. Diluted earnings per share were $3.25.

Net income rose to $162.5 million from $122.5 million a year earlier. Operating income increased to $196.4 million from $153.3 million.

For the fiscal second quarter, the company expects operating income of $192 million to $197 million. It maintained its fiscal 2027 operating income outlook at $850 million to $880 million.