Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, medical, transportation, energy, industrial and consumer electronics markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing (AM) processes and soft magnetics applications. Carpenter Technology has expanded its AM capabilities to provide a complete 'end-to-end' solution to accelerate materials innovation and streamline parts production.
Company profile
Ticker
CRS
Exchange
Website
CEO
Tony Thene
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Carpenter Investments, Inc. • Dynamet Incorporated • LSM Holding LLC • Latrobe Specialty Metals Company, LLC ...
IRS number
230458500
CRS stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Results of Operations and Financial Condition
27 Jan 23
8-K
Carpenter Technology Reports Second Quarter
27 Jan 23
10-Q
2023 Q2
Quarterly report
26 Jan 23
8-K
Carpenter Technology Reports First Quarter
1 Nov 22
8-K
Results of Operations and Financial Condition
1 Nov 22
S-8
Registration of securities for employees
27 Oct 22
10-Q
2023 Q1
Quarterly report
27 Oct 22
8-K
Carpenter Technology Reaffrims FY23 Outlook and Provides Impact of Hurricane Ian
13 Oct 22
8-K
Submission of Matters to a Vote of Security Holders
13 Oct 22
DEFA14A
Additional proxy soliciting materials
27 Sep 22
Transcripts
CRS
Earnings call transcript
2023 Q2
26 Jan 23
CRS
Earnings call transcript
2023 Q1
29 Oct 22
CRS
Earnings call transcript
2022 Q4
29 Jul 22
CRS
Earnings call transcript
2022 Q3
1 May 22
CRS
Earnings call transcript
2022 Q2
2 Feb 22
CRS
Earnings call transcript
2022 Q1
28 Oct 21
CRS
Earnings call transcript
2021 Q4
1 Aug 21
CRS
Earnings call transcript
2021 Q3
1 May 21
CRS
Earnings call transcript
2021 Q2
28 Jan 21
CRS
Earnings call transcript
2021 Q1
22 Oct 20
Latest ownership filings
4
ELIZABETH A SOCCI
16 Feb 23
SC 13G/A
PRICE T ROWE ASSOCIATES INC /MD/
14 Feb 23
SC 13G/A
ALLIANCEBERNSTEIN L.P.
14 Feb 23
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
SC 13G/A
VANGUARD GROUP INC
9 Feb 23
SC 13G/A
STATE STREET CORP
6 Feb 23
SC 13G/A
BlackRock Inc.
26 Jan 23
SC 13G/A
BlackRock Inc.
20 Jan 23
4
CHARLES DOUGLAS MCLANE JR
3 Jan 23
4
Ramin Younessi
13 Oct 22
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 22 | |
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| Revenue | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Jun 22 | Jun 21 | Jun 20 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 20.00 mm | 20.00 mm | 20.00 mm | 20.00 mm | 20.00 mm | 20.00 mm |
| Cash burn (monthly) | 10.87 mm | 6.41 mm | (no burn) | (no burn) | 28.83 mm | 1.85 mm |
| Cash used (since last report) | 29.92 mm | 17.64 mm | n/a | n/a | 79.38 mm | 5.09 mm |
| Cash remaining | -9.92 mm | 2.36 mm | n/a | n/a | -59.38 mm | 14.91 mm |
| Runway (months of cash) | -0.9 | 0.4 | n/a | n/a | -2.1 | 8.1 |
Institutional ownership, Q4 2022
54.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 211 |
| Opened positions | 36 |
| Closed positions | 13 |
| Increased positions | 66 |
| Reduced positions | 77 |
| 13F shares | Current |
|---|---|
| Total value | 1.55 tn |
| Total shares | 44.97 mm |
| Total puts | 3.00 k |
| Total calls | 48.60 k |
| Total put/call ratio | 0.1 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 8.11 mm | $299.67 bn |
| Vanguard | 5.76 mm | $212.82 bn |
| Dimensional Fund Advisors | 3.59 mm | $134.72 bn |
| STT State Street | 2.44 mm | $90.20 bn |
| T. Rowe Price Investment Management | 1.83 mm | $68.81 bn |
| Frontier Capital Management | 1.76 mm | $65.06 bn |
| Thrivent Financial For Lutherans | 1.43 mm | $52.64 mm |
| IVZ Invesco | 1.25 mm | $46.26 bn |
| BK Bank Of New York Mellon | 1.17 mm | $43.09 bn |
| Geode Capital Management | 875.71 k | $32.90 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 14 Feb 23 | Socci Elizabeth A | Common Stock | Sell | Dispose S | No | No | 50.5631 | 5,722 | 289.32 k | 11,755 |
| 14 Feb 23 | Socci Elizabeth A | Common Stock | Option exercise | Acquire M | No | No | 44.13 | 2,250 | 99.29 k | 17,477 |
| 14 Feb 23 | Socci Elizabeth A | Common Stock | Option exercise | Acquire M | No | No | 40.43 | 991 | 40.07 k | 15,227 |
| 14 Feb 23 | Socci Elizabeth A | Common Stock | Option exercise | Acquire M | No | No | 39.02 | 1,155 | 45.07 k | 14,236 |
| 14 Feb 23 | Socci Elizabeth A | Common Stock | Option exercise | Acquire M | No | No | 36.82 | 1,326 | 48.82 k | 13,081 |
| 14 Feb 23 | Socci Elizabeth A | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 44.13 | 2,250 | 99.29 k | 0 |
| 14 Feb 23 | Socci Elizabeth A | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 40.43 | 991 | 40.07 k | 0 |
| 14 Feb 23 | Socci Elizabeth A | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 39.02 | 1,155 | 45.07 k | 0 |
| 14 Feb 23 | Socci Elizabeth A | Employee Stock Option Common Stock | Option exercise | Dispose M | No | No | 36.82 | 1,326 | 48.82 k | 0 |
| 30 Dec 22 | Charles Douglas Mclane JR | Director Stock Units Common Stock | Grant | Acquire A | No | No | 36.94 | 609.1 | 22.50 k | 18,397.18 |
News
Cowen & Co. Maintains Outperform Rating for Carpenter Tech: Here's What You Need To Know
27 Jan 23
Cowen & Co. Maintains Outperform on Carpenter Tech, Raises Price Target to $54
27 Jan 23
Carpenter Technology Q2 Adj. EPS $0.13 Beats $0.12 Estimate, Sales $579.10M Beat $523.25M Estimate
26 Jan 23
Earnings Scheduled For January 26, 2023
26 Jan 23
Earnings Outlook For Carpenter Technology
25 Jan 23
Press releases
Analysts and Executives Converge February 2nd at the 30th Annual Emerald Groundhog Day Investment Forum
26 Jan 23
Carpenter Technology Reports Second Quarter Fiscal Year 2023 Results
26 Jan 23
Carpenter Technology Declares Quarterly Cash Dividend
19 Jan 23
Carpenter Technology Announces Conference Call and Webcast
9 Jan 23