OverviewSuggest Edit

Carpenter Technology Corporation is a company engaged in the manufacturing, fabrication, and distribution of specialty metals. It operates in two segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). It offers premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as drilling tools. Carpenter Technology serves the aerospace, defense, transportation, energy, medical, industrial, and consumer markets.

TypePublic
Founded1889
HQPhiladelphia, PA, US
Websitecarpentertechnology.com
Employee Ratings2.4

Latest Updates

Employees (est.) (Jun 2020)4,600(-9%)
Job Openings102
Revenue (FY, 2020)$2.2 B(-8%)
Share Price (Jul 2021)$38.2(-3%)
Cybersecurity ratingBMore

Key People/Management at Carpenter Technology

Tony R. Thene

Tony R. Thene

President & Chief Executive Officer
James A. Johnson

James A. Johnson

Vice President - Chief Information Officer
James D. Dee

James D. Dee

Senior Vice President, General Counsel and Secretary
Brian J. Malloy

Brian J. Malloy

Senior Vice President - Chief Commercial Officer
David Graf

David Graf

Vice President - Chief Technology Officer
Joseph E. Haniford

Joseph E. Haniford

Senior Vice President - Operations
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Carpenter Technology Office Locations

Carpenter Technology has offices in Philadelphia, Bolingbrook, Bridgeville, Bruceton Mills and in 30 other locations
Philadelphia, PA, US (HQ)
1735 Market St #15th
Bolingbrook, IL, US
902 Carlow Dr
Bridgeville, PA, US
682 Mayer St
Bruceton Mills, WV, US
78 Northpointe Dr
Camarillo, CA, US
829 Via Alondra
Chicago, IL, US
933 E 95th St
Show all (38)

Carpenter Technology Financials and Metrics

Carpenter Technology Revenue

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View revenue for all periods
Carpenter Technology's revenue was reported to be $2.18 b in FY, 2020 which is a 8.4% decrease from the previous period.
USD

Revenue (Q3, 2021)

351.9m

Net income (Q3, 2021)

(40.5m)

Market capitalization (30-Jul-2021)

1.8b

Closing stock price (30-Jul-2021)

38.2

Cash (31-Mar-2021)

244.2m

EV

2.3b
Carpenter Technology's current market capitalization is $1.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

2.2b2.4b2.2b

Revenue growth, %

20%10%(8%)

Cost of goods sold

1.8b1.9b1.9b

Gross profit

382.2m444.8m329.4m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

479.8m487.8m572.2m572.4m556.5m609.9m585.4m573.0m585.4m353.3m348.8m351.9m

Cost of goods sold

394.2m402.1m476.2m480.7m449.5m486.7m472.8m460.4m475.9m349.8m342.8m

Gross profit

85.6m85.7m96.0m91.7m107.0m123.2m112.6m112.6m109.5m3.5m6.0m

Gross profit Margin, %

18%18%17%16%19%20%19%20%19%1%2%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

56.2m27.0m193.1m

Accounts Receivable

378.5m384.1m292.3m

Inventories

689.2m787.7m724.3m

Current Assets

1.2b1.2b1.3b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

188.5m167.0m1.5m

Depreciation and Amortization

116.6m121.5m123.9m

Inventories

400.0k(94.0m)31.3m

Accounts Payable

10.7m20.1m(109.9m)
USDQ1, 2018

Debt/Equity

0.5 x

Debt/Assets

0.2 x

Financial Leverage

2.3 x
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Carpenter Technology Operating Metrics

Carpenter Technology's Backlog was reported to be $539m in FY, 2020.
FY, 2016Q1, 2017Q2, 2017Q3, 2017FY, 2017Q1, 2018Q2, 2018Q3, 2018FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021

Backlog

$306 m$438 m$568 m$800 m$539 m

Products Sold (Performance Engineered Products), pounds

11.63 m2.41 m2.35 m2.84 m10.9 m3.53 m3.28 m2.95 m12.39 m2.73 m3.3 m3.54 m13.75 m3.25 m3.42 m3.2 m12.26 m1.47 m

Products Sold (Specialty Alloys Operations), pounds

234.3 m52.36 m51.31 m61.01 m227.74 m61.19 m60.08 m66.87 m258.33 m62.71 m61.67 m65.3 m256.36 m60.04 m56.56 m59.05 m221.78 m43.37 m

Products Sold, pounds

242.56 m54.18 m53.29 m63.27 m236.35 m63.35 m60.26 m68.9 m265.62 m65.62 m63.92 m67.92 m267.54 m62.3 m59.3 m62.14 m231.74 m44.35 m
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Carpenter Technology Acquisitions / Subsidiaries

Company NameDateDeal Size
LPW TechnologyOctober 24, 2018$81 m
Puris LLCMarch 01, 2017$35 m
ARwin Machining PlusDecember 15, 2011$1.4 m
Oilfield AlloysJune 27, 2011$4.8 m
Amega West ServicesJanuary 04, 2011$54 m
Carpenter Powder ProductsFebruary 02, 2000
Talley IndustriesSeptember 27, 1997$185 m
Carpenter Investments, Inc.
Dynamet Incorporated
Latrobe Specialty Metals Company, LLC
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Carpenter Technology Revenue Breakdown

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Carpenter Technology revenue breakdown by business segment: 18.0% from Performance Engineered Products and 82.0% from Specialty Alloys Operations

Carpenter Technology revenue breakdown by geographic segment: 63.9% from United States, 10.9% from Asia Pacific, 17.8% from Europe and 7.5% from Other

Carpenter Technology Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

SecurityScorecard logo

Carpenter Technology Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Carpenter Technology Online and Social Media Presence

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Carpenter Technology News and Updates

Carpenter Technology Reports Fourth Quarter and Fiscal Year 2021 Results

PHILADELPHIA, July 29, 2021 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal fourth quarter and year ended June 30, 2021. For the quarter, the Company reported a net loss of $57.1 million, or $1.18 loss per diluted sh…

Carpenter Technology to Increase Base Prices on Specialty Alloy Portfolio

PHILADELPHIA, May 24, 2021 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced today that it will increase base prices six percent (6%) to nine percent (9%) on new, non-contract orders across all specialty alloy products. The increases will be effective with new orders place…

Carpenter Technology Reports Third Quarter Fiscal Year 2021 Results

PHILADELPHIA, April 29, 2021 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal third quarter ended March 31, 2021. For the quarter, the Company reported a net loss of $40.5 million, or $0.84 loss per diluted share. Exc…

Carpenter Technology Extends and Amends Credit Facility

PHILADELPHIA, March 26, 2021 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced the successful completion of a $300 million syndicated credit facility (the “Credit Facility”) by amending and restating the Company’s existing Credit Agreement which had b…

Carpenter Technology Reports Second Quarter Fiscal Year 2021 Results

Generated $84 million of operating cash flow; free cash flow of $51 million

Carpenter Technology Reports First Quarter Fiscal Year 2021 Results

Generated $88 million of operating cash flow; free cash flow of $63 million
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Carpenter Technology Blogs

Etching for Waspaloy to Reveal Microstructure | Carpenter Technology

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Non enim praesent elementum facilisis leo vel fringilla est. Feugiat in fermentum posuere urna nec tincidunt praesent.

Etching 316/316L to Reveal Microstructure | Carpenter Technology

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Non enim praesent elementum facilisis leo vel fringilla est. Feugiat in fermentum posuere urna nec tincidunt praesent.

NICKEL-BASE SUPERALLOY 718 MICROSTRUCTURE CHARACTERIZATION

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Non enim praesent elementum facilisis leo vel fringilla est. Feugiat in fermentum posuere urna nec tincidunt praesent.
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Carpenter Technology Frequently Asked Questions

  • When was Carpenter Technology founded?

    Carpenter Technology was founded in 1889.

  • Who are Carpenter Technology key executives?

    Carpenter Technology's key executives are Tony R. Thene, James A. Johnson and James D. Dee.

  • How many employees does Carpenter Technology have?

    Carpenter Technology has 4,600 employees.

  • What is Carpenter Technology revenue?

    Latest Carpenter Technology annual revenue is $2.2 b.

  • What is Carpenter Technology revenue per employee?

    Latest Carpenter Technology revenue per employee is $474.2 k.

  • Who are Carpenter Technology competitors?

    Competitors of Carpenter Technology include Olympic Steel, Baoji Titanium Industry and Universal Stainless.

  • Where is Carpenter Technology headquarters?

    Carpenter Technology headquarters is located at 1735 Market St #15th, Philadelphia.

  • Where are Carpenter Technology offices?

    Carpenter Technology has offices in Philadelphia, Bolingbrook, Bridgeville, Bruceton Mills and in 30 other locations.

  • How many offices does Carpenter Technology have?

    Carpenter Technology has 38 offices.