Update: Carpenter Technology Fiscal Q1 Earnings, Revenue Rise; Shares Fall

10:12 AM EDT, 10/22/2026 (MT Newswires) -- (Updates to include Carpenter Technology stock move in the headline and first paragraph.) Carpenter Technology (CRS) shares were down more than 18% in Thursday morning trading after the company posted fiscal Q1 revenue that missed analysts' expectations. The company reported fiscal Q1 earnings of $3.25 per diluted share, up from $2.43 a year earlier. Three analysts polled by FactSet expected $3.02. Revenue for the fiscal quarter ended Sept. 30 was $798.2 million, up from $733.7 million a year earlier. Analysts expected revenue of $830.8 million. The company said it expects fiscal Q2 operating income of $192 million to $197 million, and it maintained its fiscal 2027 operating income outlook of $850 million to $880 million. Analysts surveyed by FactSet expect fiscal Q2 operating income of $203.2 million and fiscal 2027 operating income of $879.4 million. Price: 299.82, Change: -68.34, Percent Change: -18.56