Carpenter Technology Corp - Company Profile
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Carpenter Technology Corp (Carpenter) is a manufacturer of specialty metals. It develops, manufactures, and distributes specialty alloys, including titanium alloys, powder metals, stainless steels, nickel, cobalt, and alloy steels. Carpenter also carries out processing of basic raw materials such as nickel, cobalt, titanium, and other metal alloying elements, and produces finished products in the form of bar, rod, billet, wire, and narrow strip. The company serves industries such as aerospace, energy, industrial, medical, transportation, defense, and consumer markets. The company operates manufacturing and distribution centers in Belgium, Canada, China, Mexico, Singapore, Sweden, Taiwan, and the UK. Carpenter is headquartered in Philadelphia, Pennsylvania, the US.
Headquarters
United States of America
Address
Floor 15, 1735 Market Street, Philadelphia, Pennsylvania, 19103-7505
Website
www.carpentertechnology.com
Telephone
1 610 2082000
No of Employees
4,500
Industry
Metals and Mining
Ticker Symbol & Exchange
CRS (NYSE)
Revenue (2023)
$2.6B
38.9%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
214.9%
(2023 vs 2022)
Market Cap*
$3.9B
Net Profit Margin (2023)
XYZ
182.8%
(2023 vs 2022)
* As of and is in US$
Carpenter Technology Corp premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Stainless Steels | Distribution |
| Special Alloys | Conversion Services |
| Titanium Products | Contract Manufacturing |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Financing Agreements | In April, the company announced the completion of US$350 million syndicated credit facility by amending and restating the Company’s existing credit agreement. |
| 2020 | Acquisitions/Mergers/Takeovers | In October, the company acquired the remaining shares of LPW Technology Ltd (LPW) for US$79 million. |
| 2020 | Divestiture | In September, the company divested the Amega West business for sale price of US$20 million. |
Competitor Comparison
| Key Parameters | Carpenter Technology Corp | Steel Dynamics Inc | United States Steel Corp | Reliance Steel & Aluminum Co | ATI Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Philadelphia | Fort Wayne | Pittsburgh | Scottsdale | Dallas |
| State/Province | Pennsylvania | Indiana | Pennsylvania | Arizona | Texas |
| No. of Employees | 4,500 | 12,060 | 22,740 | 14,500 | 6,700 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| I. Martin Inglis | Chairman | Executive Board | 2021 | 72 |
| Tony R. Thene | Chief Executive Officer; President; Director | Executive Board | 2015 | 62 |
| Timothy Lain | Chief Financial Officer; Senior Vice President | Senior Management | 2020 | 51 |
| Brian Malloy | Senior Vice President; Chief Operating Officer | Senior Management | 2023 | - |
| Suniti Moudgil | Chief Technology Officer | Senior Management | 2021 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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