Carpenter Technology Corporation achieved record operating income of $155 million in Q2 FY2026, driven by strong demand in aerospace and defense markets and expanding operating margins.
- Operating income increased by 31% year-over-year, marking a record high.
- Adjusted operating margin improved to 33.1%, a significant rise from 28.3% a year ago.
- Aerospace and defense bookings rose 8% sequentially, with notable growth in commercial aerospace orders of 23%.
- Three long-term agreements were secured with aerospace customers, reflecting robust pricing power.
- Sales in the aerospace and defense sector were the second-best on record, despite a minor sequential decline.
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