OverviewSuggest Edit

Carpenter Technology is a company engaged in the manufacturing, fabrication, and distribution of specialty metals. It operates in two business segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). The company offers specialty alloys, including titanium, nickel, and cobalt, as well as alloys engineered for additive manufacturing processes and soft magnetics applications. Carpenter Technology serves aerospace, defense, transportation, energy, medical, industrial, and consumer markets.
TypePublic
Founded1889
HQPhiladelphia, PA, US
Websitecarpentertechnology.com
Employee Ratings2.6

Latest Updates

Employees (est.) (Oct 2021)3,900(-15%)
Job Openings161
Revenue (FY, 2021)$1.5 B(-32%)
Share Price (May 2022)$33.2
Cybersecurity ratingBMore
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Key People/Management at Carpenter Technology

Tony R. Thene

Tony R. Thene

President & Chief Executive Officer
I. Martin Inglis

I. Martin Inglis

Chairman of the Board
Marshall Akins

Marshall Akins

Vice President, Chief Commercial Officer
Viola L. Acoff

Viola L. Acoff

Director
James D. Dee

James D. Dee

Senior Vice President, General Counsel and Secretary
David Graf

David Graf

Vice President and Group President, PEP
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Carpenter Technology Office Locations

Carpenter Technology has offices in Philadelphia, Bolingbrook, Bruceton Mills, Camarillo and in 21 other locations
Philadelphia, PA, US (HQ)
1735 Market St #15th
Bolingbrook, IL, US
902 Carlow Dr
Bruceton Mills, WV, US
78 Northpointe Dr
Camarillo, CA, US
829 Via Alondra
Dundee, MI, US
5460 Ann Arbor Rd
Elyria, OH, US
164 Freedom Ct
Show all (29)

Carpenter Technology Financials and Metrics

Carpenter Technology Revenue

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Carpenter Technology's revenue was reported to be $1.48 b in FY, 2021 which is a 32.3% decrease from the previous period.
USD

Revenue (Q2, 2022)

396.0m

Gross profit (Q2, 2022)

13.1m

Gross profit margin (Q2, 2022), %

3.3%

Net income (Q2, 2022)

(29.4m)

EBIT (Q2, 2022)

(31.5m)

Market capitalization (13-May-2022)

1.6b

Closing stock price (13-May-2022)

33.2

Cash (31-Dec-2021)

96.9m

EV

2.2b
Carpenter Technology's current market capitalization is $1.6 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

2.2b2.4b2.2b1.5b

Revenue growth, %

20%10%(8%)(32%)

Cost of goods sold

1.8b1.9b1.9b1.5b

Gross profit

382.3m444.8m329.4m1.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

572.4m556.5m609.9m585.4m573.0m585.4m353.3m348.8m351.9m387.6m396.0m

Cost of goods sold

480.7m449.5m486.7m472.8m460.4m475.9m349.8m342.8m339.1m362.4m382.9m

Gross profit

91.7m107.0m123.2m112.6m112.6m109.5m3.5m6.0m12.8m25.2m13.1m

Gross profit Margin, %

16%19%20%19%20%19%1%2%4%7%3%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

27.0m193.1m287.4m

Accounts Receivable

384.1m292.3m308.7m

Inventories

787.7m724.3m425.7m

Current Assets

1.2b1.3b1.1b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Cash

24.6m29.9m93.0m218.9m271.4m244.2m213.2m96.9m

Accounts Receivable

383.4m378.3m374.4m250.5m230.3m279.2m311.6m307.0m

Inventories

837.6m896.6m869.0m633.9m565.1m535.5m491.4m534.7m

Current Assets

1.3b1.4b1.4b1.2b1.2b1.2b1.1b1.0b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

167.0m1.5m(229.6m)

Depreciation and Amortization

121.5m123.9m123.6m

Inventories

(94.0m)29.5m238.5m

Accounts Payable

20.1m(109.9m)22.4m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

41.2m80.0m119.9m(47.1m)(132.0m)(172.5m)(14.8m)(44.1m)

Depreciation and Amortization

30.6m61.0m92.2m30.9m59.6m91.6m32.5m65.3m

Inventories

(51.1m)(108.2m)(85.2m)84.9m155.8m181.9m(66.5m)(109.8m)

Accounts Payable

18.0m(1.0m)(26.9m)(7.4m)(13.1m)18.2m69.3m26.9m
USDFY, 2018

Revenue/Employee

449.5k
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Carpenter Technology Operating Metrics

Carpenter Technology's Backlog was reported to be $529.3m in FY, 2021.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021

Backlog

$568 m$800 m$539 m$529.3 m

Products Sold (Performance Engineered Products), pounds

12.39 m2.73 m3.3 m3.54 m13.75 m3.25 m3.42 m3.2 m12.26 m1.47 m1.53 m2.03 m7.94 m

Products Sold (Specialty Alloys Operations), pounds

258.33 m62.71 m61.67 m65.3 m256.36 m60.04 m56.56 m59.05 m221.78 m43.37 m38.6 m37.26 m166.94 m

Products Sold, pounds

265.62 m65.62 m63.92 m67.92 m267.54 m62.3 m59.3 m62.14 m231.74 m44.35 m39.62 m37.77 m169.71 m
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Carpenter Technology Acquisitions / Subsidiaries

Company NameDateDeal Size
LPW TechnologyOctober 22, 2018$79 m
MB CalRAMFebruary 21, 2018$13.3 m
PurisFebruary 28, 2017$35.3 m
Latrobe Specialty MetalsFebruary 29, 2012$427 m
ARwin Machining PlusDecember 15, 2011$1.4 m
Oilfield AlloysJune 27, 2011$4.8 m
Amega West ServicesDecember 31, 2010$41.6 m
AnvalFebruary 01, 2000$7 m
TelconOctober 31, 1998$11.4 m
Talley IndustriesSeptember 27, 1997$185 m
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Carpenter Technology Revenue Breakdown

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Carpenter Technology revenue breakdown by business segment: 9.8% from Transportation, 6.0% from Energy, 48.2% from Aerospace and Defense, 19.8% from Industrial and Consumer, 6.6% from Distribution and 9.7% from Medical

Carpenter Technology revenue breakdown by geographic segment: 62.8% from United States, 16.4% from Europe, 13.2% from Asia Pacific and 7.6% from Other

Carpenter Technology Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

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 Third Quarter Fiscal Year 2022 Results

PHILADELPHIA, April 28, 2022 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal third quarter ended March 31, 2022. For the quarter, the Company reported a net loss of $7.5 million, or $0.16 loss per diluted share. Excl…

Carpenter Technology to Increase Base Prices on Specialty Alloy Portfolio

Carpenter Technology Corporation (NYSE: CRS) announced today that it will increase base prices by an average of twelve percent (12%) to fifteen percent (15%) on new, non-contract orders across the majority of its specialty alloy products. The increases will be effective with new orders placed after …

Carpenter Technology Corporation Announces Pricing of 7.625% Senior Notes Due 2030

PHILADELPHIA, March 11, 2022 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) announced today that it priced an offering of $300.0 million aggregate principal amount of 7.625% senior unsecured notes due 2030 (the “Notes”) in an underwritten public offering. The Note…

Carpenter Technology Corporation Announces Public Offering of Senior Notes

Carpenter Technology Corporation (NYSE: CRS) (the “Company”) announced today that it has commenced an underwritten public offering of senior notes (the “Notes”), subject to market and other conditions. The Company intends to use the net proceeds from the offering to repay in full its 4.450% senior n…

Carpenter Technology Announces Completion of Repairs on Press at Reading, PA Facility

Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced its 4500 ton press at its Reading, PA facility is back in service. The Company previously announced the unplanned outage of this press in December 2021.

Carpenter Technology Announces Leadership Updates

Carpenter Technology Corporation (NYSE: CRS), a leading producer and distributor of high-performance specialty alloy-based materials and process solutions for critical applications, today announced the following leadership updates.
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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, I. Martin Inglis and Marshall Akins.

  • How many employees does Carpenter Technology have?

    Carpenter Technology has 3,900 employees.

  • What is Carpenter Technology revenue?

    Latest Carpenter Technology annual revenue is $1.5 b.

  • What is Carpenter Technology revenue per employee?

    Latest Carpenter Technology revenue per employee is $378.4 k.

  • Who are Carpenter Technology competitors?

    Competitors of Carpenter Technology include Haynes International, Olympic Steel 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, Bruceton Mills, Camarillo and in 21 other locations.

  • How many offices does Carpenter Technology have?

    Carpenter Technology has 29 offices.