Carpenter(US:CRS)2025-07-31 14:00Financial Performance - Carpenter Technology's adjusted operating income for Q4 FY25 was $151 million, a 21% increase year-over-year[8,9] - The company generated $2013 million in adjusted free cash flow in Q4 FY25[12] and $2875 million for the full fiscal year[28,32] - SAO (Specialty Alloys Operations) adjusted operating margin reached 305% in Q4 FY25[11,32,41] - The company executed $241 million in share repurchases in Q4 FY25[13] and $1019 million for the full fiscal year[15,32,41] as part of a $400 million authorization[15] - Carpenter Technology anticipates Q1 FY26 operating income to be in the range of $162 million to $165 million[23] Sales and Market - Aerospace & Defense accounted for 62% of net sales excluding surcharge in Q4 FY25, totaling $3838 million, a 3% increase sequentially and 2% year-over-year[17] - Medical sales were $768 million, representing 12% of net sales excluding surcharge, a 6% increase sequentially but a 16% decrease year-over-year[17] - Energy sales were $446 million, accounting for 7% of net sales excluding surcharge, a 27% increase sequentially and 22% year-over-year[17] Fiscal Year 2026 Outlook - Carpenter Technology expects to generate $240 million to $280 million of adjusted free cash flow in fiscal year 2026[28] - The company anticipates a 26% to 33% increase in operating income for FY26 compared to FY25[35,36,41] - Capital expenditures for FY26 are estimated to be between $300 million and $315 million, including $175 million to $185 million for the brownfield capacity expansion project[28,48]