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Carpenter Technology shares rise ahead of fiscal 2026 Q3 update
The company reported record fiscal Q3 adjusted operating income of $186.5 million and said it will report again on July 30.
Carpenter Technology shares have moved higher ahead of its next earnings update after the company posted strong results for its third-quarter fiscal 2026 period, according to Yahoo Finance.
CRS, which produces specialty alloys used across defense and aerospace and other industries, reported record quarterly adjusted operating income of $186.5 million, up 20% sequentially. It also posted gross profit of $251.8 million, a 25% increase, and diluted per share earnings of $2.77.
The outlet noted that the stock is up 83% year to date, and it pointed to heavy institutional trading activity indicated by its MoneyFlows data.
Carpenter Technology is scheduled to report again on July 30.