Filing Flows › Carpenter Technology (CRS) › Q1 FY27
Carpenter Technology (CRS) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 22, 2026
Carpenter Technology (CRS) reported revenue of $798M for the first quarter fiscal 2027 (Q1 FY27), +9% from a year earlier and -6% from the quarter before. Operating margin was 24.6%, net earnings $162M (20.4% of revenue).
Carpenter Technology, Q1 FY27: revenue $798M (+9% year over year), operating margin 24.6%, net earnings $162M, operating cash flow $52.8M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $798M | -6% | +9% |
| Gross profit | $256M | -5% | +18% |
| Operating profit | $196M | -5% | +28% |
| Net earnings | $162M | +0.1% | +33% |
| Operating cash flow | $52.8M | -78% | +35% |
What changed
Revenue was $798.2M in Q1 FY27, up 9% year over year and down 6% from the previous quarter. Aerospace and Defense was the largest line at 67% of revenue. Aerospace and Defense added $63.7M year over year (up 14%), 99% of the total change. Energy declined 15%.
Gross margin was 32.1%, up 2.6 points from Q1 FY26. Operating profit was $196.4M, a 24.6% margin (up 3.7 points year over year). Of the extra revenue versus Q1 FY26, 67% reached operating profit, above the 21% margin then. Operating expenses fell 5% while revenue rose 9%. Net earnings were $162.5M, up 33% year over year. The effective tax rate was 15.5%.
Operating cash flow was $52.8M (up 35% year over year), 32% of net earnings. Non-cash charges added back $36.6M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items used $152.7M. Capital expenditures of $77.7M exceeded it, leaving free cash flow of −$24.9M.
Questions
What was Carpenter Technology's revenue in the first quarter fiscal 2027?
Carpenter Technology (CRS) reported revenue of $798M for the first quarter fiscal 2027 (Q1 FY27), +9% from a year earlier and -6% from the quarter before.
Was Carpenter Technology profitable in the first quarter fiscal 2027?
Operating profit was $196M (24.6% of revenue) and net earnings $162M.