Carpenter Technology Co.

Carpenter Technology delivered significant operating leverage in the fiscal third quarter, with Specialty Alloys Operations producing an 86% incremental margin as aerospace volumes grew at their fastest rate since the post‑COVID recovery. The results support expanding earnings power driven by improving volume, pricing and product mix. Carpenter is held in a major growth fund (4.2% weight) and contributed 1.7% to the fund's quarterly performance; shares are up about 100.7% year‑over‑year but down ~17.1% over the past month. » More on finance.yahoo.com

The board of Carpenter Technologie has approved a new buyback program for up to $1.0 billion of outstanding common stock. The company recently completed its previous $400 million program. Carpenter plans to fund repurchases from operating cash flow and available liquidity; the size and timing will depend on market conditions and legal requirements. CEO Tony R. Thene expects growth in fiscal 2027 and the start of a capacity expansion in fiscal 2028. » More on de.investing.com

Carpenter Technology has appointed Ken Giacobbe to its board of directors effective August 11, 2026. Giacobbe brings more than 30 years of finance and corporate leadership experience, most recently as executive vice president and CFO of Howmet Aerospace and previously in senior finance roles at Arconic and Alcoa. The company also announced that Howard Yu and Colleen Pritchett will depart at the 2026 annual meeting; the board will consist of ten members after the meeting. The decisions were not due to disagreements with the company or management. » More on de.investing.com