Carpenter (CRS) Q3 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, April 29, 2026 astatine 10:29 AM CDT 37 min read

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DATE

Wednesday, April 29, 2026 astatine 10:00 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer — Tony Thene

• Senior Vice President and Chief Financial Officer — Tim Lain

• President and Chief Operating Officer — Brian Molloy

• Vice President, Investor Relations — John Huyette

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Full Conference Call Transcript

Operator: Hello and welcome. My sanction is Ellie, and I volition beryllium your league relation for today. At this time, I would similar to invited everyone to the Carpenter Technology Corporation CRS Third Quarter Fiscal Year 2026 Earnings Presentation Call. Please enactment that this telephone is being recorded. After the prepared remarks, determination volition beryllium a question and reply session. If you would similar to inquire a question during that time, delight property [inaudible]. Thank you. I would present similar to manus the telephone implicit to John Huyette, Vice President of Investor Relations. You whitethorn present spell ahead, please.

John Huyette: Thank you, operator. Good morning, everyone, and invited to the Carpenter Technology Corporation Earnings Conference Call for the fiscal 2026 3rd 4th ended March 31, 2026. This telephone is besides being broadcast implicit the Internet on with presumption slides. For those of you listening by phone, you whitethorn acquisition a clip hold successful descent movement. Speakers connected the telephone contiguous are Tony Thene, Chairman and Chief Executive Officer; Tim Lain, Senior Vice President and Chief Financial Officer; and Brian Molloy, President and Chief Operating Officer. Statements made by absorption during this net presumption that are forward-looking statements are based connected existent expectations.

Risk factors that could origin existent results to disagree materially from these forward-looking statements tin beryllium recovered successful Carpenter Technology Corporation’s astir caller SEC filings, including the company’s study connected Form 10-K for the twelvemonth ended June 30, 2025, Forms 10-Q for the quarters ended September 30, 2025, and December 31, 2025, and the exhibits attached to those filings. Please besides enactment that successful the pursuing discussion, unless different noted, erstwhile absorption discusses income oregon revenue, that notation excludes surcharge. When referring to operating margins, that is based connected adjusted operating income, excluding peculiar items, and sales, excluding surcharge. I volition present crook the telephone implicit to Tony.

Tony Thene: Thank you, John, and bully greeting to everyone. I volition statesman connected Slide 4 with a reappraisal of our information performance. We ended the 2026 with a full lawsuit incidental complaint of 1.3. We proceed to marque advancement arsenic a effect of targeted actions we person implemented crossed the enactment centered connected standardized enactment and disciplined information practices. As always, we stay committed to our eventual extremity of a zero-injury workplace. Let america crook to Slide 5 for an overview of our 3rd 4th performance. Carpenter Technology Corporation conscionable delivered different grounds quarter, reflecting the accelerating request crossed our high-value markets and our continued beardown operational execution.