Filing Flows › Carpenter Technology (CRS) › Q1 FY27 › vs Q4 FY26
Carpenter Technology (CRS) Q1 FY27 vs Q4 FY26 (quarter over quarter)
Carpenter Technology's revenue fell $52.8M (-6%) from $851M in Q4 FY26 to $798M in Q1 FY27. The biggest changes: Aerospace and Defense −$23.4M (-4%); Industrial and Consumer −$14.6M (-12%); Energy −$9.6M (-17%). Gross margin 32.1% against 31.6% (+0.5 pts).
Carpenter Technology, Q1 FY27: revenue $798M (+9% year over year), operating margin 24.6%, net earnings $162M, operating cash flow $52.8M. The chart draws each line against Q4 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q4 FY26 | Change | |
|---|---|---|---|
| Gross margin | 32.1% | 31.6% | +0.5 pts |
| Operating margin | 24.6% | 24.3% | +0.3 pts |
| Net margin | 20.4% | 19.1% | +1.3 pts |
Every line
| Line | Q1 FY27 | Q4 FY26 | Change | % |
|---|---|---|---|---|
| Aerospace and Defense | $535M | $558M | −$23.4M | -4% |
| Industrial and Consumer | $103M | $117M | −$14.6M | -12% |
| Medical | $65.5M | $67.4M | −$1.9M | -3% |
| Energy | $46.5M | $56.1M | −$9.6M | -17% |
| Transportation | $26.8M | $30.2M | −$3.4M | -11% |
| Distribution | $22.1M | $22.0M | $100K | +0.5% |
| Revenue | $798M | $851M | −$52.8M | -6% |
| Gross profit | $256M | $269M | −$12.6M | -5% |
| Cost of revenue | $542M | $582M | −$40.2M | -7% |
| Operating profit | $196M | $207M | −$10.5M | -5% |
| Operating expenses | $59.9M | $62.0M | −$2.1M | -3% |
| Pre-tax earnings | $192M | $205M | −$12.3M | -6% |
| Other expense, net | $4.0M | $2.2M | $1.8M | +82% |
| Net earnings | $162M | $162M | $100K | +0.1% |
| Income tax | $29.9M | $42.3M | −$12.4M | -29% |
| Depreciation & amortization | $36.6M | $38.3M | −$1.7M | -4% |
| Share-based compensation | $6.4M | $7.8M | −$1.4M | -18% |
| Working capital & other | $153M | −$31.6M | $184M | — |
| Operating cash flow | $52.8M | $240M | −$187M | -78% |
| Capital expenditures | $77.7M | $85.1M | −$7.4M | -9% |
| Negative free cash flow (OCF − capex) | $24.9M | −$155M | $180M | — |
Questions
How much did Carpenter Technology's revenue grow quarter over quarter in Q1 FY27?
Carpenter Technology's revenue fell $52.8M (-6%) from $851M in Q4 FY26 to $798M in Q1 FY27.
What drove Carpenter Technology's revenue change in Q1 FY27?
Aerospace and Defense −$23.4M (-4%); Industrial and Consumer −$14.6M (-12%); Energy −$9.6M (-17%).