Carpenter Technology (CRS) Stock Skyrockets on Record Earnings and Aerospace Boom – What’s Next?
Record Results Fuel Stock Surge Carpenter Technology kicked off its fiscal 2026 with blockbuster results that blew past expectations, sending its stock into orbit. For the quarter ended September 30, the specialty metals manufacturer reported net income of $122.5 million, or $2.43 per share, up from $84.8 million ($1.67) in the same period last year nasdaq.com. This 14% earnings beat over consensus (analysts had expected roughly $2.15 nasdaq.com) came as revenue rose 2.2% year-on-year to $733.7 million nasdaq.com. While sales were just shy of some forecasts (~$748M consensus chartmill.com), Carpenter’s profitability surged – thanks to expanding margins and operating efficiencies.