True to Our Values

Our commitment to safety remains unwavering. Safety is our number one Core Value, and in fiscal year 2026 we achieved a Total Recordable Incident Rate (TRIR) of 1.4, continuing to outperform industry benchmarks while reinforcing our pursuit of a zero-injury workplace.

Responsible Operations

We also made meaningful progress in reducing our environmental footprint. Our CO₂ emissions intensity declined to 2.9 in calendar year 2025 from 3.1 in the prior year, driven in part by the fact that approximately 98% of our electricity was sourced from carbon-neutral nuclear power. These efforts support our long-term emissions reduction goals while helping position Carpenter Technology among the industry's more sustainable specialty materials producers.

Sustainability is also embedded in how we manufacture our products. During 2025, 76% of the feedstock used in production was recycled scrap, up from 63% in the prior year, further advancing our commitment to circularity and responsible resource management. We continue to seek opportunities to increase recycled content, improve efficiency, and reduce waste across our operations.

Looking Ahead

The momentum we generated in fiscal year 2026 reinforces our confidence in the future. We remain committed to delivering sustainable growth, supporting our customers through innovation, operating safely and responsibly, and creating long-term value for our employees, shareholders, and communities.

Thank you to our employees, customers, shareholders, suppliers, and communities for being part of this journey. Together, we will continue creating long-term value through innovation, operational excellence, and responsible growth as we shape a stronger, safer, and more sustainable future.