What was the total dollar amount repurchased in fiscal 2026?

Carpenter Technology repurchased $179.1 million of stock in fiscal year 2026 under its $400.0 million authorized program. In the fourth quarter specifically, the company purchased 100,000 shares for $45.2 million on the open market.

How much authorization remains for future buybacks?

As of June 30, 2026, $119.0 million remains available for future share repurchases under the company's $400.0 million authorization. The company has not announced an expiration date for this program.

Why is Carpenter Technology repurchasing shares?

The company states that it intends to use excess cash generated from operations for capital equipment investments, acquisition opportunities, and consistent dividend payments, with discretionary share repurchases funding the capital allocation strategy. The buyback reflects confidence in the company's transformation and earnings growth trajectory.

What was the share repurchase mechanism?

Carpenter Technology executed repurchases on the open market under Rule 10b-18, the standard SEC-permitted mechanism for issuer repurchases. The company did not disclose the average price paid per share in this filing.

How does the buyback fit within the company's broader capital strategy?

The company prioritizes capital deployment for organic growth (brownfield expansion, capital equipment) and shareholder returns (dividends at $0.80 per share annually and opportunistic repurchases). The repurchase program is discretionary and executed alongside investments in the business, not instead of them.

Did the company's strong earnings growth support the repurchase activity?

Yes. Fiscal 2026 was the most profitable year in company history with $702.0 million in adjusted operating income (34% higher than fiscal 2025) and $605.0 million in operating cash flow, providing the financial capacity for the $179.1 million repurchase while maintaining balance-sheet strength.

CRS 8-K Filed 2026-07-30 Execution disclosure

Carpenter Technology executed $179.1M share repurchase in FY2026

Company repurchased stock against $400M authorization; $119M remains available after executing record earnings year

Remaining$119M

MechanismRule 10b-18 open-market purcha

What the filing says

Carpenter Technology Corporation (NYSE: CRS) reported execution of $179.1 million in stock repurchases during fiscal year 2026, drawn from its authorized share repurchase program of up to $400.0 million. The company purchased 100,000 shares in the fourth quarter alone for an aggregate of $45.2 million. As of June 30, 2026, $119.0 million remains available under the authorization for future purchases.

The repurchase activity occurred during the company's most profitable year on record, with fiscal year 2026 generating $702.0 million in adjusted operating income (up 34 percent over fiscal year 2025) and $605.0 million in cash from operating activities. The company's disciplined capital allocation strategy balances share repurchases with dividend payments of $0.80 per share annually and ongoing capital investments, including a brownfield expansion project.

Repurchases were executed on the open market under Rule 10b-18, consistent with standard market practice. The company ended the fiscal year with total liquidity of $892.4 million, consisting of $393.3 million in cash and $499.1 million in available borrowings under its credit facility.

Under the Company's authorized share repurchase program of up to $400.0 million, the Company purchased 100,000 shares of its common stock on the open market for an aggregate of $45.2 million during the quarter ended June 30, 2026. As of June 30, 2026, $119.0 million remains available for future purchases. — CARPENTER TECHNOLOGY CORP 8-K filing · View on SEC EDGAR →

What this means

Carpenter Technology's $179.1 million repurchase in fiscal 2026 represents a measured capital return alongside organic reinvestment. With 50.4 million shares outstanding on a diluted basis at year-end, the buyback reduced share count by roughly 0.2%, a modest reduction relative to earnings growth of 34% in adjusted operating income. The $119 million in remaining authorization provides flexibility for opportunistic repurchases, but the company's stated focus is on funding capital equipment investments, acquisition opportunities, and maintaining consistent dividends. This execution reflects confidence in intrinsic value and capital generation, though the pace remains conservative relative to the company's improved cash position.

Frequently asked questions

What was the total dollar amount repurchased in fiscal 2026?: Carpenter Technology repurchased $179.1 million of stock in fiscal year 2026 under its $400.0 million authorized program. In the fourth quarter specifically, the company purchased 100,000 shares for $45.2 million on the open market.
How much authorization remains for future buybacks?: As of June 30, 2026, $119.0 million remains available for future share repurchases under the company's $400.0 million authorization. The company has not announced an expiration date for this program.
Why is Carpenter Technology repurchasing shares?: The company states that it intends to use excess cash generated from operations for capital equipment investments, acquisition opportunities, and consistent dividend payments, with discretionary share repurchases funding the capital allocation strategy. The buyback reflects confidence in the company's transformation and earnings growth trajectory.
What was the share repurchase mechanism?: Carpenter Technology executed repurchases on the open market under Rule 10b-18, the standard SEC-permitted mechanism for issuer repurchases. The company did not disclose the average price paid per share in this filing.
How does the buyback fit within the company's broader capital strategy?: The company prioritizes capital deployment for organic growth (brownfield expansion, capital equipment) and shareholder returns (dividends at $0.80 per share annually and opportunistic repurchases). The repurchase program is discretionary and executed alongside investments in the business, not instead of them.
Did the company's strong earnings growth support the repurchase activity?: Yes. Fiscal 2026 was the most profitable year in company history with $702.0 million in adjusted operating income (34% higher than fiscal 2025) and $605.0 million in operating cash flow, providing the financial capacity for the $179.1 million repurchase while maintaining balance-sheet strength.

execution rule-10b-18 fiscal-year-2026 carpenter-technology open-market-purchase specialty-alloys

Source. This editorial summary is based on the SEC filing linked above. BuybackStocks aggregates and editorializes publicly available SEC EDGAR filings. Not investment advice. Past authorization announcements do not guarantee future repurchase activity or share price performance. See our full disclosures policy.