Last $54.73 USD
Change Today +0.31 / 0.57%
Volume 137.2K
CRS On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

carpenter technology (CRS) Snapshot

Open
$54.43
Previous Close
$54.42
Day High
$54.86
Day Low
$54.22
52 Week High
04/4/14 - $67.00
52 Week Low
08/7/14 - $52.51
Market Cap
2.9B
Average Volume 10 Days
234.5K
EPS TTM
$2.48
Shares Outstanding
53.2M
EX-Date
08/22/14
P/E TM
22.1x
Dividend
$0.72
Dividend Yield
1.32%
Current Stock Chart for CARPENTER TECHNOLOGY (CRS)

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carpenter technology (CRS) Details

Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. The company operates in two segments: Specialty Alloys Operations and Performance Engineered Products. It offers special alloys, such as heat resistant and cobalt base alloys used in components, such as rings, discs, and fasteners; and alloys for electronic, magnetic, and electrical applications. The company also provides stainless products comprising a range of corrosion resistant alloys that consist of conventional stainless steel and grades for special applications; and titanium products used in aircraft fasteners, medical devices, sporting equipment, and chemical and petroleum processing. In addition, it offers powder metals, such as spherical gas atomized powders; and alloy and tools steels in long forms, as well as rounds, plates, and sheets. Further, the company manufactures and rents down hole drilling tools and components for the oil and gas industry; and distributes corrosion resistant steels, tool steels, and powder metals. It serves aerospace and defense, energy, transportation, medical, and industrial and consumer industries. The company distributes its products directly through its distribution network, as well as through independent distributors. Carpenter Technology Corporation was founded in 1889 and is based in Wyomissing, Pennsylvania.

carpenter technology (CRS) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $845.5K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $376.9K
Senior Vice President of Global Operations
Total Annual Compensation: $360.7K
Senior Vice President of Commercial, Specialt...
Total Annual Compensation: $335.1K
Compensation as of Fiscal Year 2013.

carpenter technology (CRS) Key Developments

Carpenter Technology Corp., Board Meeting, Aug 12, 2014

Carpenter Technology Corp., Board Meeting, Aug 12, 2014. Agenda: To consider quarterly cash dividend on common stock.

Carpenter Technology Corporation Declares Quarterly Cash Dividend, Payable on September 5, 2014

The board of directors of Carpenter Technology Corporation, at its meeting held on August 12, 2014, declared a quarterly cash dividend of $0.18 per share of common stock, payable on September 5, 2014, to shareholders of record on August 26, 2014. The ex-dividend date is August 22, 2014.

Carpenter Technology Corp. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended June 30, 2014; Provides Earnings Guidance for the Fiscal Year 2015

Carpenter Technology Corp. reported unaudited consolidated earnings results for the fourth quarter and full year ended June 30, 2014. For the quarter, the company reported net sales of $604.6 million compared to $611.8 million a year ago. Operating income was $59.2 million compared to operating income of $65.4 million a year ago. Income before income taxes was $54.2 million compared to $59.0 million a year ago. Net income attributable to the company was $38.1 million or $0.71 per diluted share compared to net income attributable to the company of $40.9 million or $0.77 per diluted share a year ago. Operating income excluding pension earnings, interest and deferrals was $65.2 million compared to $73.3 million a year ago. Adjusted EBITDA was $105.2 million compared to $109.5 million a year ago. Cash flow from operations was at it's annual peak in the fourth quarter at $96 million, and free cash flow was positive coming in at $35 million for the quarter. Capital expenditures were down 46% sequentially to $51 million, a 63% of the total was related to Athens. For the full year, the company reported net sales of $2,173.0 million compared to $2,271.7 million a year ago. Operating income was $212.0 million compared to operating income of $232.7 million a year ago. Income before income taxes was $196.4 million compared to $216.8 million a year ago. Net income attributable to the company was $132.8 million or $2.47 per diluted share compared to net income attributable to the company of $146.1 million or $2.73 per diluted share a year ago. Net cash provided from operating activities was $239.6 million compared to $188.5 million a year ago. Purchases of property, equipment and software were $349.2 million compared to $310.2 million a year ago. Operating income excluding pension earnings, interest and deferrals was $233.8 million compared to $264.6 million a year ago. Adjusted EBITDA was $381.8 million compared to $405.6 million a year ago. While not impacting EBITDA growth, the company is expecting higher depreciation and amortization, D&A expense, in fiscal year 2015, primarily due to Athens facility coming online. Net interest expense, as shown on the income statement, is expected to increase from approximately $17 million in fiscal year 2014 to $30 million in fiscal year 2015. The company expects the effective tax rate to be 34.5%. CapEx level is expected to be approximately $120 million, plus any remaining Athens spend. So for fiscal year 2015, an all in range of $160 million to $175 million.

 

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