This provider of specialty materials to the aerospace industry is off to a high-flying start for fiscal 2026.

Reporting an auspicious start to fiscal 2026, Carpenter Technology (CRS +22.29%) is providing investors with a lot to celebrate today. The provider of specialty materials delivered a surprisingly strong bottom-line performance in its first quarter, leading investors to load up on shares today.

As of 10:42 a.m. ET, shares of Carpenter Technology are up 20.1%.

Setting a company record, Carpenter Technology reported adjusted operating income of $153.3 million, a 31% year-over-year increase and a record quarterly performance. Additionally, the company exceeded analysts' estimates that it would report earnings per share (EPS) of $2.16, as it posted EPS of $2.43.

And it wasn't only the recent performance that stoked investors' excitement. Management provided an optimistic outlook for the remainder of fiscal 2026. In the press release addressing the Q1 2026 financial results, company CEO Tony Thene stated, "Looking ahead, our fiscal year 2026 operating income outlook represents a 26% to 33% increase over fiscal year 2025."

With respect to cash flow, the company is also optimistic about the future, projecting $240 million to $280 million in adjusted free cash flow for fiscal 2026.

While Carpenter Technology is off to a high-flying start in fiscal 2026, the provider of specialty materials to the aerospace industry foresees continued growth in the next couple of years as supply chain activity ramps up. Of course, one positive quarter doesn't make a stock a buy, but the company's strong performance and encouraging outlook for the near future makes it an interesting consideration for those seeking aerospace industry exposure.