Carpenter Technology Corporation reported a strong financial performance for the fiscal year ending June 30, 2025, with net sales reaching $2.877 billion, a 4% increase from $2.760 billion in the previous year. The company achieved a record operating income of $521.8 million, up from $323.1 million in fiscal 2024, reflecting a significant improvement in operational efficiency and product mix. Net income also surged to $376 million, or $7.42 per diluted share, compared to $186.5 million, or $3.70 per diluted share, in the prior year.
The company’s Specialty Alloys Operations (SAO) segment contributed significantly to this growth, generating $2.564 billion in sales, a 5% increase from the previous year. This segment's operating income rose to $588.6 million, representing an operating margin of 23.0%. The Performance Engineered Products (PEP) segment, however, saw a slight decline in sales to $405.4 million, down 1% from the previous year, with operating income remaining stable at $37 million. The overall decrease in sales volume was attributed to a shift in customer demand and supply chain disruptions.
Strategically, Carpenter Technology has focused on enhancing its product offerings and expanding its operational capabilities. The company has invested in a brownfield expansion project in Athens, Alabama, which is expected to increase its production capacity. Additionally, Carpenter Technology has maintained a robust share repurchase program, with $298.1 million remaining available for future purchases as of June 30, 2025. The company repurchased 575,000 shares for $101.9 million during the fiscal year.
Operationally, Carpenter Technology reported a total workforce of approximately 4,500 employees, with ongoing negotiations for collective bargaining agreements affecting some production employees. The company’s international sales reached $1.177 billion, a 4% increase from the previous year, driven by strong demand in the Aerospace and Defense sectors, particularly in Europe and Mexico. The company continues to leverage its diverse portfolio of specialty alloys to meet the needs of high-growth markets.
Looking ahead, Carpenter Technology remains optimistic about its growth trajectory, particularly in the Aerospace and Defense, Medical, and Energy sectors, which are expected to drive demand for its products. The company plans to continue its focus on operational efficiencies and strategic investments to enhance its market position and profitability in the coming years.
About CARPENTER TECHNOLOGY CORP
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