Carpenter Technology just shattered records with a fourth-quarter operating income of $206.9 million, fueled by explosive growth in aerospace and defense—up 17% year-over-year—and a stellar 37.8% adjusted operating margin in Specialty Alloys. Sales jumped 9% (volume up 22%) thanks to better product mix and productivity, even as energy markets dipped. The semiconductor and industrial sectors also drove gains. In somber news, former CEO Brian Malloy passed away, prompting Chairman Tony Thene to step back into the CEO role. The company remains laser-focused on safety, hitting a 1.4 total case incident rate. Looking ahead, they’re projecting $195M–$200M in Q1 FY27 and $850M–$880M for full-year FY27—a 21–25% leap over last year’s record.
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