Latest Carpenter Technology News & Updates

See the latest news and media coverage for Carpenter Technology. We track all announcements, press releases, and industry mentions in real time, all in one place.

Carpenter Technology

Specialty materials manufacturer and alloy solutions provider

carpentertechnology.com

Headquarters: Philadelphia, United States
Founded year: 1889
Company type: Public company
Number of employees: 3,000–5,000
Industry: Iron & Steel

Last updated Today

Latest news about Carpenter Technology

In short: Carpenter Technology achieved record fiscal 2026 results, launched a $1 billion buyback program, and reinstated Tony Thene as CEO.

Company announcements

August 12 Carpenter Technology

Carpenter Technology declares quarterly cash dividend of $0.20 per share

Board-approved dividend payable September 3, 2026, to shareholders of record on August 25, 2026.

August 12 Carpenter Technology

Carpenter Technology approves new $1.0 billion share repurchase program

The board authorized repurchases after completing its prior $400 million program. Management cites strong cash flow and growth outlook, including a fiscal 2027 expectation of significant growth.

July 30 Carpenter Technology

Carpenter Technology reports record fiscal year 2026 operating income

Quarterly operating income was $206.9 million, and the company expects fiscal 2027 operating income of $850-$880 million.

July 27 Carpenter Technology

Carpenter Technology announces passing of CEO Brian Malloy

Tony Thene returns as CEO effective immediately. The board expresses condolences.

Media coverage

September 11 MSN

Dan Loeb's Third Point slashes Carpenter Technology stake by 31% as CEO shake-up and insider selling hit CRS stock

Dan Loeb's Third Point LLC trimmed its Carpenter Technology Corp. CRS stake in the second quarter, ahead of a leadership shake-up and a cooling rally...

September 1 Yahoo Finance

Can Carpenter Technology Sustain Its Strong Cash Flow Growth in FY27?

CRS delivers strong FY26 cash flow growth. It expects higher profitability and $400-$430M in...

August 13 GuruFocus

CRS SWOT Analysis: Financial Strength and Market Challenges Reve

Strong financial performance with a notable increase in net income to $529.8 million in 2026.High GF...

August 12 Yahoo Finance

Carpenter Technology Announces Additional $1.0 Billion Share Repurchase Program Following Completion of Prior Authorization

PHILADELPHIA, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced that its Board of Directors has authorized an additional...

Never miss news about Carpenter Technology

Track Carpenter Technology and your other target companies to get real-time alerts and weekly summaries delivered straight to your inbox.

Carpenter Technology competitors & trending companies

Browse news for competitors to Carpenter Technology and other trending companies.