Carpenter Technology Corp (CRS) financial statements: income statement, balance sheet and cash flow

Carpenter Technology Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Jun 30, 2026 · FY), Carpenter Technology Corp reported revenue of $3.1B (+8.6% year on year) and net income of $529.8M (+40.9% year on year).

Income statement

Carpenter Technology Corp income statement, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Net sales	$3.1B	$2.9B	$2.8B	$2.6B
Cost of sales	$2.2B	$2.1B	$2.2B	$2.2B
Gross profit	$955.5M	$768.6M	$584.3M	$337.3M
Selling, general and administrative expenses	$253.5M	$243.2M	$230.2M	$204.2M
Goodwill impairment charge	$0	$0	$14.1M	$0
Restructuring and asset impairment charges	$0	$3.6M	$16.9M	$0
Operating income	$702.0M	$521.8M	$323.1M	$133.1M
Interest expense, net	$37.8M	$48.4M	$51.0M	$54.1M
Debt extinguishment losses	($15.6M)	—	$0	$0
Other (income) expense, net	($7.6M)	$6.1M	$60.5M	$6.5M
Income before income taxes	$656.2M	$467.3M	$211.6M	$72.5M
Income tax expense	$126.4M	$91.3M	$25.1M	$16.1M
Net income	$529.8M	$376.0M	$186.5M	$56.4M
Basic (in dollars per share)	$10.59	$7.50	$3.75	$1.15
Diluted (in dollars per share)	$10.52	$7.42	$3.70	$1.14
Basic (in shares)	50.0M	50.2M	49.7M	48.8M
Diluted (in shares)	50.4M	50.7M	50.3M	49.2M

Carpenter Technology Corp income statement, quarters

Line item	Sep 30, 2026 · Q1	Mar 31, 2026 · Q3	Dec 31, 2025 · Q2	Sep 30, 2025 · Q1
Net sales	$798.2M	$811.5M	$728.0M	$733.7M
Cost of sales	$541.9M	$559.7M	$509.7M	$517.3M
Gross profit	$256.3M	$251.8M	$218.3M	$216.4M
Selling, general and administrative expenses	$59.9M	$65.3M	$63.1M	$63.1M
Operating income	$196.4M	$186.5M	$155.2M	$153.3M
Interest expense, net	$7.1M	$8.7M	$10.2M	$11.5M
Other income, net	($3.1M)	$1.1M	($600.0K)	($3.0M)
Income before income taxes	$192.4M	$176.7M	$130.0M	$144.8M
Income tax expense	$29.9M	$37.1M	$24.7M	$22.3M
Net income	$162.5M	$139.6M	$105.3M	$122.5M
Basic (in dollars per share)	$3.26	$2.79	$2.10	$2.45
Diluted (in dollars per share)	$3.25	$2.77	$2.09	$2.43
Basic (in shares)	49.8M	50.0M	50.1M	50.1M
Diluted (in shares)	50.0M	50.3M	50.3M	50.4M

Balance sheet

Carpenter Technology Corp balance sheet, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Cash and cash equivalents	$393.3M	$315.5M	$199.1M	$44.5M
Accounts receivable, net of allowance for doubtful accounts of $9.4 million and $$7.9 million at June 30, 2026 and 2025, respectively	$701.9M	$575.5M	$562.6M	$531.3M
Inventories	$822.9M	$793.8M	$735.4M	$639.7M
Other current assets	$63.1M	$79.9M	$94.1M	$66.4M
Total current assets	$2.0B	$1.8B	$1.6B	$1.3B
Property, plant, equipment and software, net	$1.5B	$1.4B	$1.3B	$1.4B
Goodwill	$227.3M	$227.3M	$227.3M	$241.4M
Other intangibles, net	$3.9M	$9.5M	$15.2M	$28.7M
Deferred income taxes	$5.5M	$7.8M	$7.5M	$6.6M
Other assets	$132.5M	$118.1M	$115.3M	$111.5M
Total assets	$3.8B	$3.5B	$3.3B	$3.1B
Accounts payable	$313.4M	$267.4M	$263.9M	$278.1M
Accrued liabilities	$206.6M	$216.3M	$202.4M	$181.3M
Total current liabilities	$520.0M	$483.7M	$466.3M	$459.4M
Long-term debt	$690.7M	$695.4M	$694.2M	$693.0M
Accrued pension liabilities	$89.6M	$146.9M	$207.6M	$190.1M
Accrued postretirement benefits	$22.2M	$12.5M	$21.1M	$45.8M
Deferred income taxes	$196.9M	$162.8M	$174.1M	$170.3M
Other liabilities	$91.3M	$98.5M	$99.6M	$99.2M
Total liabilities	$1.6B	$1.6B	$1.7B	$1.7B
Common stock — authorized 100,000,000 shares; issued 57,359,343 shares at June 30, 2026, and 57,230,002 shares at June 30, 2025; outstanding 49,606,583 shares at June 30, 2026, and 49,707,379 shares at June 30, 2025	286.8M	286.2M	284.9M	280.7M
Capital in excess of par value	$357.1M	$354.3M	$352.6M	$328.4M
Reinvested earnings	$2.2B	$1.7B	$1.4B	$1.2B
Common stock in treasury (7,752,760 shares and 7,522,623 shares at June 30, 2026 and 2025, respectively), at cost	-595.6M	-395.8M	-289.3M	-298.0M
Accumulated other comprehensive loss	($20.4M)	($67.9M)	($93.9M)	($143.0M)
Total stockholders' equity	$2.2B	$1.9B	$1.6B	$1.4B
Total liabilities and stockholders' equity	$3.8B	$3.5B	$3.3B	$3.1B

Carpenter Technology Corp balance sheet, quarters

Line item	Sep 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025
Cash and cash equivalents	$159.5M	$294.8M	$231.9M	$208.0M
Accounts receivable, net	$722.2M	$682.0M	$603.5M	$613.6M
Inventories	$884.4M	$839.2M	$822.3M	$778.5M
Other current assets	$76.0M	$81.6M	$98.3M	$72.1M
Total current assets	$1.8B	$1.9B	$1.8B	$1.7B
Property, plant, equipment and software, net	$1.5B	$1.4B	$1.4B	$1.4B
Goodwill	$227.3M	$227.3M	$227.3M	$227.3M
Other intangibles, net	$2.4M	$5.3M	$6.7M	$8.1M
Deferred income taxes	$5.5M	$8.0M	$8.0M	$8.0M
Other assets	$129.4M	$107.6M	$111.7M	$113.7M
Total assets	$3.7B	$3.7B	$3.5B	$3.4B
Accounts payable	$345.3M	$322.6M	$270.1M	$246.3M
Accrued liabilities	$122.2M	$185.7M	$142.7M	$130.6M
Total current liabilities	$467.5M	$508.3M	$412.8M	$376.9M
Long-term debt	$691.0M	$690.4M	$690.1M	$695.7M
Accrued pension liabilities	$82.4M	$134.7M	$138.7M	$142.7M
Accrued postretirement benefits	$21.7M	$10.9M	$11.7M	$12.1M
Deferred income taxes	$207.4M	$176.4M	$172.2M	$169.0M
Other liabilities	$91.9M	$90.8M	$93.4M	$94.6M
Total liabilities	$1.6B	$1.6B	$1.5B	$1.5B
Common stock — authorized 100,000,000 shares; issued 57,365,948 shares at September 30, 2026 and 57,359,343 shares at June 30, 2026; outstanding 49,530,926 shares at September 30, 2026 and 49,606,583 shares at June 30, 2026	286.8M	286.7M	286.6M	286.2M
Capital in excess of par value	$341.8M	$349.9M	$342.6M	$338.7M
Reinvested earnings	$2.4B	$2.0B	$1.9B	$1.8B
Common stock in treasury (7,835,022 shares and 7,752,760 shares at September 30, 2026 and June 30, 2026, respectively), at cost	-772.5M	-548.9M	-495.9M	-468.6M
Accumulated other comprehensive loss	($25.6M)	($67.5M)	($65.8M)	($67.7M)
Total stockholders' equity	$2.2B	$2.1B	$2.0B	$1.9B
Total liabilities and stockholders' equity	$3.7B	$3.7B	$3.5B	$3.4B

Cash flow statement

Carpenter Technology Corp cash flow statement, fiscal years

Line item	Jun 30, 2026 · FY	Jun 30, 2025 · FY	Jun 30, 2024 · FY	Jun 30, 2023 · FY
Net income	$529.8M	$376.0M	$186.5M	$56.4M
Depreciation and amortization	$147.1M	$139.2M	$134.6M	$131.0M
Goodwill impairment charge	$0	$0	$14.1M	$0
Noncash restructuring and asset impairment charges	$0	$2.5M	$15.8M	$0
Debt extinguishment losses	$15.6M	—	$0	$0
Deferred income taxes	$21.2M	($17.4M)	($13.3M)	($400.0K)
Net pension expense	$14.6M	$24.8M	$76.0M	$19.9M
Share-based compensation expense	$26.4M	$22.8M	$19.8M	$16.4M
Net loss on disposal of property, plant, and equipment and assets held for sale	$1.4M	$2.0M	$4.6M	$2.5M
Accounts receivable	($128.3M)	($1.8M)	($32.6M)	($144.5M)
Inventories	($28.4M)	($60.4M)	($96.7M)	($140.3M)
Other current assets	$20.0M	$13.7M	($31.3M)	$13.0M
Accounts payable	$17.2M	($1.4M)	($11.0M)	$29.2M
Accrued liabilities	$3.1M	$13.7M	$23.6M	$38.2M
Pension plan contributions	($23.8M)	($64.8M)	($11.3M)	$0
Other postretirement plan contributions	($4.0M)	($3.6M)	($2.6M)	($3.3M)
Other, net	($6.9M)	($4.9M)	($1.3M)	($3.4M)
Net cash provided from operating activities	$605.0M	$440.4M	$274.9M	$14.7M
Purchases of property, plant, equipment and software	($242.7M)	($154.3M)	($96.6M)	($82.3M)
Proceeds from disposals of property, plant and equipment and assets held for sale	$0	$1.4M	$700.0K	$0
Net cash used for investing activities	($242.7M)	($152.9M)	($95.9M)	($82.3M)
Credit agreement borrowings	$0	$0	$62.5M	$183.7M
Credit agreement repayments	$0	$0	($62.5M)	($183.7M)
Proceeds from issuance of long-term debt, net of offering costs	$692.1M	—	$0	$0
Payments on long-term debt	($700.0M)	—	$0	$0
Payments for debt extinguishment costs	($11.4M)	—	$0	$0
Payments for debt issue costs	($4.1M)	$0	$0	($1.9M)
Dividends paid	($40.3M)	($40.3M)	($40.0M)	($39.4M)
Purchases of treasury stock	($179.1M)	($101.9M)	—	—
Proceeds from stock options exercised	$14.3M	$13.4M	$40.9M	$5.0M
Withholding tax payments on share-based compensation awards	($58.3M)	($38.3M)	($24.2M)	($3.8M)
Net cash used for financing activities	($286.8M)	($167.1M)	($23.3M)	($40.1M)
Effect of exchange rate changes on cash and cash equivalents	$2.3M	($4.0M)	($1.1M)	($2.0M)
INCREASE IN CASH AND CASH EQUIVALENTS	$77.8M	$116.4M	$154.6M	($109.7M)
Cash and cash equivalents at beginning of year	$315.5M	$199.1M	$44.5M	$154.2M
Cash and cash equivalents at end of year	$393.3M	$315.5M	$199.1M	$44.5M

Carpenter Technology Corp cash flow statement, quarters

Line item	Sep 30, 2026 · Q1	Mar 31, 2026 · YTD	Dec 31, 2025 · YTD	Sep 30, 2025 · Q1
Net income	$162.5M	$367.4M	$227.8M	$122.5M
Depreciation and amortization	$36.6M	$108.8M	$72.1M	$36.0M
Deferred income taxes	$11.6M	$12.8M	$8.7M	$5.8M
Net pension expense	$1.5M	$10.8M	$7.2M	$3.6M
Share-based compensation expense	$6.4M	$18.6M	$11.6M	$5.6M
Net loss on disposals of property, plant and equipment	$300.0K	$600.0K	$400.0K	$300.0K
Accounts receivable	($18.7M)	($106.9M)	($26.0M)	($36.2M)
Inventories	($61.6M)	($45.1M)	($27.9M)	$15.6M
Other current assets	($13.3M)	$1.5M	($15.6M)	$7.7M
Accounts payable	$24.1M	$33.6M	($13.5M)	($27.0M)
Accrued liabilities	($88.5M)	($31.0M)	($73.2M)	($85.9M)
Pension plan contributions	($8.6M)	($17.1M)	($11.5M)	($5.9M)
Other postretirement plan contributions	($700.0K)	($3.0M)	($1.7M)	($900.0K)
Other, net	$1.2M	($1.7M)	($2.6M)	($2.0M)
Net cash provided from operating activities	$52.8M	$364.9M	$171.4M	$39.2M
Purchases of property, plant, equipment and software	($77.7M)	($157.6M)	($88.9M)	($42.6M)
Proceeds from disposals of property, plant and equipment	$100.0K	$0	—	—
Net cash used for investing activities	($77.6M)	($157.6M)	($88.9M)	($42.6M)
Dividends paid	($9.9M)	($30.2M)	($20.1M)	($10.1M)
Purchases of treasury stock	($133.9M)	($133.9M)	($81.2M)	($49.1M)
Proceeds from stock options exercised	$400.0K	$13.9M	$13.2M	$500.0K
Withholding tax payments on share-based compensation awards	($65.2M)	($55.9M)	($55.2M)	($45.5M)
Net cash used for financing activities	($208.6M)	($229.5M)	($166.7M)	($104.2M)
Effect of exchange rate changes on cash and cash equivalents	($400.0K)	$1.5M	$600.0K	$100.0K
DECREASE IN CASH AND CASH EQUIVALENTS	($233.8M)	($20.7M)	($83.6M)	($107.5M)
Cash and cash equivalents at beginning of year	$393.3M	$315.5M	$315.5M	$315.5M
Cash and cash equivalents at end of period	$159.5M	$294.8M	$231.9M	$208.0M
Noncash investing activities: Accrued purchases of property, plant, equipment and software	$52.1M	$36.9M	$31.3M	$21.1M

Carpenter Technology Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.