Company research
CARPENTER TECHNOLOGY CORP
CIK 17843Updated Sep 26, 2026
SecurityCRS · NYSE · equity
CRS price & chart
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NYSE:CRS on TradingView ↗About the company
Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy materials and process solutions for critical applications in the aerospace and defense, medical, transportation, energy, and industrial and consumer markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys including nickel, cobalt, and titanium and material process capabilities that solve our customers’ current and future material challenges. More information about Carpenter Technology can be found at www.carpentertechnology.com.
In the news
Ken Giacobbe Joins Carpenter Technology’s Board of Directors ↗
Recent filings
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Financials
FY 2026 · USDSource
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balance sheet · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 3,838,300,000Source | 3,486,800,000Source | 3,291,700,000Source | 3,053,900,000Source |
| Property, Plant and Equipment, NetUSD | 1,487,900,000Source | 1,359,400,000Source | 1,335,200,000Source | 1,383,800,000Source |
| GoodwillUSD | 227,300,000Source | 227,300,000Source | 227,300,000Source | 241,400,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 393,300,000Source | 315,500,000Source | 199,100,000Source | 44,500,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 701,900,000Source | 575,500,000Source | 562,600,000Source | 531,300,000Source |
| Inventory, NetUSD | 822,900,000Source | 793,800,000Source | 735,400,000Source | 639,700,000Source |
| Assets, CurrentUSD | 1,981,200,000Source | 1,764,700,000Source | 1,591,200,000Source | 1,281,900,000Source |
| Operating Lease, Right-of-Use AssetUSD | 30,100,000Source | 35,400,000Source | 39,000,000Source | 43,900,000Source |
| Other Assets, NoncurrentUSD | 132,500,000Source | 118,100,000Source | 115,300,000Source | 111,500,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 1,610,700,000Source | 1,599,800,000Source | 1,662,900,000Source | 1,657,800,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 286,800,000Source | 286,200,000Source | 284,900,000Source | 280,700,000Source |
| Retained Earnings (Accumulated Deficit)USD | 2,199,700,000Source | 1,710,200,000Source | 1,374,500,000Source | 1,228,000,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -20,400,000Source | -67,900,000Source | -93,900,000Source | -143,000,000Source |
| Stockholders' Equity Attributable to ParentUSD | 2,227,600,000Source | 1,887,000,000Source | 1,628,800,000Source | 1,396,100,000Source |
| Additional Paid in Capital, Common StockUSD | 357,100,000Source | 354,300,000Source | 352,600,000Source | 328,400,000Source |
| Liabilities and EquityUSD | 3,838,300,000Source | 3,486,800,000Source | 3,291,700,000Source | 3,053,900,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 520,000,000Source | 483,700,000Source | 466,300,000Source | 459,400,000Source |
| Operating Lease, Liability, CurrentUSD | 8,800,000Source | 8,000,000Source | 8,800,000Source | 9,100,000Source |
| Accounts Payable, CurrentUSD | 313,400,000Source | 267,400,000Source | 263,900,000Source | 278,100,000Source |
| Operating Lease, Liability, NoncurrentUSD | 28,000,000Source | 34,900,000Source | 38,400,000Source | 43,600,000Source |
| Deferred Income Tax Liabilities, NetUSD | 196,900,000Source | 162,800,000Source | 174,100,000Source | 170,300,000Source |
| Other Liabilities, NoncurrentUSD | 91,300,000Source | 98,500,000Source | 99,600,000Source | 99,200,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 206,600,000Source | 216,300,000Source | 202,400,000Source | 181,300,000Source |
| Deferred Tax Liabilities, NetUSD | 191,400,000Source | 155,000,000Source | 166,600,000Source | 163,700,000Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 690,700,000Source | 695,400,000Source | 694,200,000Source | 693,000,000Source |
cash flow · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation, Depletion and AmortizationUSD | 147,100,000Source | 139,200,000Source | 134,600,000Source | 131,000,000Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 26,400,000Source | 22,800,000Source | 19,800,000Source | 16,400,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 128,300,000Source | 1,800,000Source | 32,600,000Source | 144,500,000Source |
| Increase (Decrease) in InventoriesUSD | 28,400,000Source | 60,400,000Source | 96,700,000Source | 140,300,000Source |
| Increase (Decrease) in Accounts PayableUSD | 17,200,000Source | -1,400,000Source | -11,000,000Source | 29,200,000Source |
| Deferred Income Tax Expense (Benefit)USD | 21,200,000Source | -17,400,000Source | -13,300,000Source | -400,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 605,000,000Source | 440,400,000Source | 274,900,000Source | 14,700,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -242,700,000Source | -152,900,000Source | -95,900,000Source | -82,300,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 58,300,000Source | 38,300,000Source | 24,200,000Source | 3,800,000Source |
| Payments for Repurchase of Common StockUSD | 179,100,000Source | 101,900,000Source | — | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -286,800,000Source | -167,100,000Source | -23,300,000Source | -40,100,000Source |
| Dividends paid | — | — | — | — |
| Repayments of Long-term DebtUSD | 700,000,000Source | — | 0Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 77,800,000Source | 116,400,000Source | 154,600,000Source | -109,700,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 393,300,000Source | 315,500,000Source | 199,100,000Source | 44,500,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 48,200,000Source | 48,400,000Source | 49,200,000Source | 50,900,000Source |
| Income Taxes Paid, NetUSD | 84,800,000Source | 93,600,000Source | 62,800,000Source | 9,900,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,300,000Source | -4,000,000Source | -1,100,000Source | -2,000,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 26,400,000Source | 22,800,000Source | 19,800,000Source | 16,400,000Source |
| Amortization of Intangible AssetsUSD | 5,600,000Source | 5,700,000Source | 6,500,000Source | 6,800,000Source |
| Capitalized Computer Software, AmortizationUSD | 16,700,000Source | 16,800,000Source | 16,300,000Source | 16,300,000Source |
| Deferred Other Tax Expense (Benefit)USD | — | 6,100,000Source | 7,000,000Source | 6,900,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | -300,000Source | 0Source | -51,900,000Source | 0Source |
| DepreciationUSD | 124,800,000Source | 116,700,000Source | 111,800,000Source | 107,900,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,400,000Source | -1,100,000Source | -1,800,000Source | -400,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -1,400,000Source | -2,000,000Source | -4,600,000Source | -2,500,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -15,600,000Source | — | 0Source | 0Source |
| GoodwillUSD | 227,300,000Source | 227,300,000Source | 227,300,000Source | 241,400,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 14,100,000Source | 0Source |
| Impairment of Intangible Assets, Finite-livedUSD | — | — | 7,000,000Source | — |
| Income Tax Expense (Benefit)USD | 126,400,000Source | 91,300,000Source | 25,100,000Source | 16,100,000Source |
| InterestExpenseNonoperatingUSD | 37,800,000Source | 48,400,000Source | 51,000,000Source | — |
| Inventory Write-downUSD | 0Source | 2,500,000Source | — | 0Source |
| Net Income (Loss) Attributable to ParentUSD | 529,800,000Source | 376,000,000Source | 186,500,000Source | 56,400,000Source |
| Other Nonoperating Income (Expense)USD | 7,600,000Source | -6,100,000Source | -60,500,000Source | -6,500,000Source |
| Pension Cost (Reversal of Cost)USD | 14,600,000Source | 24,800,000Source | 76,000,000Source | 19,900,000Source |
| Proceeds from Stock Options ExercisedUSD | 14,300,000Source | 13,400,000Source | 40,900,000Source | 5,000,000Source |
| Restructuring Costs and Asset Impairment ChargesUSD | 0Source | 3,600,000Source | 16,900,000Source | 0Source |
income statement · annual statements
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total RevenueUSD | 3,124,200,000Source | 2,877,100,000Source | 2,759,700,000Source | 2,550,300,000Source |
| Selling, General and Administrative ExpenseUSD | 253,500,000Source | 243,200,000Source | 230,200,000Source | 204,200,000Source |
| Operating Income (Loss)USD | 702,000,000Source | 521,800,000Source | 323,100,000Source | 133,100,000Source |
| Other Nonoperating Income (Expense)USD | 7,600,000Source | -6,100,000Source | -60,500,000Source | -6,500,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 656,200,000Source | 467,300,000Source | 211,600,000Source | 72,500,000Source |
| Income Tax Expense (Benefit)USD | 126,400,000Source | 91,300,000Source | 25,100,000Source | 16,100,000Source |
| Net Income (Loss) Attributable to ParentUSD | 529,800,000Source | 376,000,000Source | 186,500,000Source | 56,400,000Source |
| Earnings Per Share, BasicUSD per share | 10.59Source | 7.5Source | 3.75Source | 1.15Source |
| Earnings Per Share, DilutedUSD per share | 10.52Source | 7.42Source | 3.7Source | 1.14Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 50,000,000Source | 50,200,000Source | 49,700,000Source | 48,800,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 50,400,000Source | 50,700,000Source | 50,300,000Source | 49,200,000Source |
| Interest Expense (non-operating)USD | 37,800,000Source | 48,400,000Source | 51,000,000Source | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 5,600,000Source | 5,700,000Source | 6,500,000Source | 6,800,000Source |
| Capitalized Computer Software, AmortizationUSD | 16,700,000Source | 16,800,000Source | 16,300,000Source | 16,300,000Source |
| Common Stock, Dividends, Per Share, DeclaredUSD per share | 0.8Source | 0.8Source | 0.8Source | 0.8Source |
| Cost of Property Repairs and MaintenanceUSD | — | 128,600,000Source | 126,700,000Source | 101,400,000Source |
| Current Income Tax Expense (Benefit)USD | 105,200,000Source | 108,700,000Source | 38,400,000Source | 16,500,000Source |
| Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to SettlementUSD | -300,000Source | 0Source | -51,900,000Source | 0Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -1,400,000Source | -1,100,000Source | -1,800,000Source | -400,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 14,100,000Source | 0Source |
| Gross ProfitUSD | 955,500,000Source | 768,600,000Source | 584,300,000Source | 337,300,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 645,300,000Source | 454,500,000Source | 224,100,000Source | 51,200,000Source |
| Interest ExpenseUSD | — | — | — | 54,100,000Source |
| Interest Income, OperatingUSD | 8,800,000Source | 7,500,000Source | 1,800,000Source | 600,000Source |
| Net Periodic Defined Benefits Expense (Reversal of Expense), Excluding Service Cost ComponentUSD | 6,000,000Source | 15,500,000Source | 14,400,000Source | 10,000,000Source |
| Other Cost of Operating RevenueUSD | 2,168,700,000Source | 2,108,500,000Source | 2,175,400,000Source | 2,213,000,000Source |
| Other ExpensesUSD | 0Source | 500,000Source | — | — |
| Research and Development ExpenseUSD | 27,700,000Source | 26,100,000Source | 25,600,000Source | 24,400,000Source |
| Undistributed Earnings (Loss) Allocated to Participating Securities, BasicUSD | 200,000Source | 200,000Source | 300,000Source | 400,000Source |
Filing attachments
d115412dex991.htm · 8-K · 2026-07-28
EX-99.1 2 d115412dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 CARPENTER TECHNOLOGY ANNOUNCES THE PASSING OF BRIAN MALLOY TONY THENE TO RETURN TO CEO ROLE EFFECTIVE IMMEDIATELY PHILADELPHIA, July 27, 2026 (GLOBE NEWSWIRE) - Carpenter Technology Corporation (NYSE: CRS) announced today that Brian Malloy, the Company’s President and Chief Executive Officer, passed away suddenly and unexpectedly on Friday, July 24. The Carpenter Technology team extends its sincere condolences to his family, friend…
Read attachment ↗d109893dex991.htm · 8-K · 2026-02-17
EX-99.1 2 d109893dex991.htm EX-99.1 EX-99.1 Exhibit 99.1 Carpenter Technology Announces CEO Transition Plan: Brian Malloy to Succeed Tony Thene as Chief Executive Officer on July 1, 2026; Tony Thene to Continue as Executive Chairman PHILADELPHIA - February 17, 2026 - Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced that its Board of Directors has appointed Brian Malloy, currently President & Chief Operating Officer, to serve as Chief Executive Officer effectiv…
Read attachment ↗tm2531768d1_ex4-1.htm · 8-K · 2025-11-20
EX-4.1 2 tm2531768d1_ex4-1.htm EXHIBIT 4.1 Exhibit 4.1 Execution Version CARPENTER TECHNOLOGY CORPORATION 5.625% SENIOR NOTES DUE 2034 INDENTURE DATED AS OF NOVEMBER 20, 2025 U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee TABLE OF CONTENTS Page Article 1 Definitions and Other Provisions of General Application Section 1.01. Definitions. 1 Section 1.02. …
Read attachment ↗tm2531768d1_ex99-1.htm · 8-K · 2025-11-20
EX-99.1 4 tm2531768d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Carpenter Technology Corporation Announces Closing of $700.0 Million Private Offering of 5.625% Senior Notes Due 2034 and Amendment of Credit Agreement November 20, 2025 PHILADELPHIA, November 20, 2025 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) announced today the closing of its previously announced offering of $700.0 million aggregate principal amount of 5.625% senior notes due 2034 (the “Not…
Read attachment ↗tm2530700d1_ex99-1.htm · 8-K · 2025-11-10
EX-99.1 2 tm2530700d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Carpenter Technology Corporation Announces Pricing of $700.0 Million Private Offering of 5.625% Senior Notes Due 2034 November 10, 2025 PHILADELPHIA, November 10, 2025 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) announced today that it priced an offering of $700.0 million aggregate principal amount of 5.625% senior notes due 2034 (the “Notes”) at par through a private offering to persons reason…
Read attachment ↗tm2530700d2_ex99-1.htm · 8-K · 2025-11-10
EX-99.1 2 tm2530700d2_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Carpenter Technology Corporation Announces Proposed $700.0 Million Private Offering of Senior Notes Due 2034 November 10, 2025 PHILADELPHIA, November 10, 2025 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced its intention to offer, subject to market and other conditions, $700.0 million aggregate principal amount of its senior notes due 2034 (the “Notes”) through a private offering to…
Read attachment ↗