Carpenter Technology Corporation · NYSE:CRS
Carpenter Technology — Q1 FY2027 Earnings Presentation
19 slides from Carpenter Technology's earnings presentation, Oct 22, 2026
Slide 1: 1st Quarter Fiscal Year 2027 Earnings Call
© 2026 CRS Holdings, LLC. All rights reserved. CARPENTER TECHNOLOGY CORPORATION 1st Quarter Fiscal Year 2027 Earnings Call October 22, 2026 Exhibit 99.1
Slide 2: Cautionary Statement
© 2026 CRS Holdings, LLC. All rights reserved. Cautionary Statement Forward-looking statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, among other things, statements regardin
Slide 3: 1st Quarter Fiscal Year 2027
© 2026 CRS Holdings, LLC. All rights reserved. 3 1st QUARTER FISCAL YEAR 2027 Tony Thene | Chairman, President and Chief Executive Officer Exhibit 99.1
Slide 4: Safety is Our Highest Value
© 2026 CRS Holdings, LLC. All rights reserved. 4 Safety is Our Highest Value 2.0 1.2 1.3 1.1 0.6 1.0 1.7 1.8 1.4 1.4 1.7 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 YTD Total case incident rate Exhibit 99.1
Slide 5: Quarter Performance: year-over-year operating income and margin expansion
© 2026 CRS Holdings, LLC. All rights reserved. Quarter Performance: year-over-year operating income and operating margin expansion Delivered record first quarter operating income 5 153 196 Operating Income ($M) Q1 FY26 Q1 FY27 +28% *Detailed schedule included in Non-GAAP Schedules in Appendix. SAO e
Slide 6: First Quarter Fiscal Year 2027 Net Sales
© 2026 CRS Holdings, LLC. All rights reserved. First Quarter Fiscal Year 2027 Net Sales MARKET Q1-27 NET SALES EX. SURCHARGE ($M)* % NET SALES EX. SURCHARGE VS. Q4-26 VS. Q1-26 AEROSPACE & DEFENSE $425.4 67% -5% +10% MEDICAL $51.7 8% -4% -16% ENERGY $32.9 5% -16% -23% TRANSPORTATION $19.8 3% -12% +1
Slide 7: 1st Quarter Fiscal Year 2027 Financial Overview
© 2026 CRS Holdings, LLC. All rights reserved. 7 1st QUARTER FISCAL YEAR 2027 FINANCIAL OVERVIEW Tim Lain | Senior Vice President and Chief Financial Officer Exhibit 99.1
Slide 8: Income Statement Summary
© 2026 CRS Holdings, LLC. All rights reserved. 8*Detailed schedule included in Non-GAAP Schedules in Appendix. $ millions, except per share amounts Q1-27 Q4-26 Q1-26 SEQUENTIAL CHANGE YEAR-OVER- YEAR CHANGE Net Sales 798.2 851.0 733.7 (52.8) 64.5 Net Sales ex. Surcharge Revenue* 634.8 679.7 603.1 (4
Slide 9: SAO Segment Summary
© 2026 CRS Holdings, LLC. All rights reserved. 9 SAO Segment Summary • Net sales excluding surcharge increased 7% year-over-year driven by increased sales to Aerospace and Defense end-use market • Operating income up 27% year-over-year on higher productivity, mix management and realized benefits of
Slide 10: PEP Segment Summary
© 2026 CRS Holdings, LLC. All rights reserved. 10 PEP Segment Summary • Net sales excluding surcharge down 5% year-over-year reflecting lower sales in the Medical end-use market • Operating income in-line with expectations and down $2.1 million year-over-year driven by lower Titanium sales particula
Slide 11: Strong operating cash flow generation and healthy liquidity
© 2026 CRS Holdings, LLC. All rights reserved. Anticipate strong operating cash flow generation in fiscal year 2027... 11 …And maintaining healthy liquidity and strong balance sheet …While executing against planned capital allocation priorities… • Repurchased $133.9 million of stock during current q
Slide 12: 1st Quarter Fiscal Year 2027 Closing Comments
© 2026 CRS Holdings, LLC. All rights reserved. 12 1st QUARTER FISCAL YEAR 2027 CLOSING COMMENTS Tony Thene | Chairman, President and Chief Executive Officer Exhibit 99.1
Slide 13: Outlook: Strong profit growth, continued margin expansion and accelerating demand
© 2026 CRS Holdings, LLC. All rights reserved. Outlook: Strong profit growth, continued margin expansion and accelerating demand 13 Completed record first quarter, up 28% year-over-year, strong start to FY27 Volume, mix and price continue to drive expanding margins in SAO Demand continues to acceler
Slide 14: Appendix of Non-GAAP Schedules
© 2026 CRS Holdings, LLC. All rights reserved. 14 APPENDIX OF NON-GAAP SCHEDULES Exhibit 99.1
Slide 15: Adjusted Operating Margin ex. Surcharge Revenue
© 2026 CRS Holdings, LLC. All rights reserved. 15 $ millions Q1-27 Q4-26 Q1-26 Net Sales 798.2 851.0 733.7 Less: Surcharge Revenue 163.4 171.3 130.6 Net Sales ex. Surcharge Revenue 634.8 679.7 603.1 Operating Income 196.4 206.9 153.3 Operating Margin 24.6% 24.3% 20.9% Adjusted Operating Margin ex. S
Slide 16: Segment Adjusted Operating Margin ex. Surcharge Revenue
© 2026 CRS Holdings, LLC. All rights reserved. 16 SAO SAO SAO PEP PEP PEP $ millions Q1-27 Q4-26 Q1-26 Q1-27 Q4-26 Q1-26 Net Sales 730.4 770.5 659.6 91.1 108.5 93.6 Less: Surcharge Revenue 156.9 163.1 125.7 8.1 10.3 6.4 Net Sales ex. Surcharge Revenue 573.5 607.4 533.9 83.0 98.2 87.2 Operating Incom
Slide 17: Free Cash Flow
© 2026 CRS Holdings, LLC. All rights reserved. 17 $ millions Q1-27 Q4-26 Q1-26 Net Cash Provided from Operating Activities 52.8 240.1 39.2 Purchases of Property, Plant, Equipment and Software (77.7) (85.1) (42.6) Proceeds from Disposals of Property, Plant and Equipment 0.1 — — Free Cash Flow (24.8)
Slide 18: Cash Flow & Liquidity Summary
© 2026 CRS Holdings, LLC. All rights reserved. 18 Cash Flow & Liquidity Summary The clerical accuracy of certain amounts may be impacted due to rounding. $ millions Q1-27 Q4-26 Q1-26 Net Income + Noncash Items 218.9 221.5 173.8 Inventory (61.6) 16.8 15.6 Working Capital / Other (95.9) 8.4 (144.3) To
Slide 19: For additional information, please contact [email protected]
[email protected] For additional information, please contact [email protected] | 610 208 2000 https://www.carpentertechnology.com Carpenter Technology Corporation (NYSE: CRS) is a recognized leader in high-performance specialty alloy materials and process solutions for critical applications in the aer
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