Why Carpenter Technology Stock Plunged 24.5% This Week

Carpenter Technology stock fell 24.5% this week after missing revenue expectations with Q1 FY2027 sales of $798.2 million versus consensus estimates of $830.8 million, despite beating earnings per share at $3.25. The decline was attributed to planned maintenance outages. Despite the revenue miss, the company reported record margins, strong aerospace order bookings up 49% year-over-year, and reaffirmed full-year guidance while authorizing a $1 billion buyback program.