Fiscal Year 2026 Operating Cash Flow -- $605 million, a 37% increase over fiscal year 2025 due to higher earnings and working capital management. -- $179.1 million in fiscal year 2026, with $119 million remaining under the current $400 million authorization as of June 30, 2026. SUMMARYCarpenter Technology (CRS -1.87%) management reported record results for fiscal year 2026, with consolidated operating income rising 34% compared to the prior year. Good morning, everyone, and welcome to the Carpenter Technology Earnings Conference Call for the fiscal 2026 Fourth Quarter ended June 30, 2026. When referring to operating margins, that is based on adjusted operating income, excluding special items and sales, excluding surcharge.