Last $48.30 USD
Change Today +0.27 / 0.56%
Volume 70.4K
CRS On Other Exchanges
Symbol
Exchange
New York
As of 3:32 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

carpenter technology (CRS) Snapshot

Open
$48.39
Previous Close
$48.03
Day High
$48.90
Day Low
$48.10
52 Week High
04/4/14 - $67.00
52 Week Low
10/10/14 - $41.43
Market Cap
2.6B
Average Volume 10 Days
316.6K
EPS TTM
$2.03
Shares Outstanding
53.2M
EX-Date
10/24/14
P/E TM
23.8x
Dividend
$0.72
Dividend Yield
1.49%
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.

4,900 Employees
Last Reported Date: 08/26/14
Founded in 1889

carpenter technology (CRS) Top Compensated Officers

Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $449.5K
Senior Vice President of Global Operations
Total Annual Compensation: $381.9K
Senior Vice President of Commercial Specialty...
Total Annual Compensation: $380.6K
Senior Vice President of Performance Engineer...
Total Annual Compensation: $350.1K
Executive Officer
Total Annual Compensation: $894.8K
Compensation as of Fiscal Year 2014.

carpenter technology (CRS) Key Developments

Carpenter Technology Corp. Announces Executive Changes

Carpenter Technology Corporation announced that its Board of Directors announced that Gregory A. Pratt will return as CEO of the company, effective immediately. Mr. Pratt was the company's CEO in 2009 to 2010, and has been a Board member since 2002. Pratt will also continue as the chairperson of the company's board, a position he has held since 2009. Pratt replaces Bill Wulfsohn as CEO, who resigned on November 14, 2014 to take another role outside of the company. To ensure continuity, while Wulfsohn will step down from the CEO role and Board of Directors immediately, he will assist the company in a transition support role until December 31, 2014.

Carpenter Technology Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended September 30, 2014

Carpenter Technology Corp. reported unaudited consolidated earnings results for the first quarter ended September 30, 2014. For the quarter, the company reported net sales of $549.8 million compared to $498.6 million a year ago. Operating income was $22.1 million compared to $55.8 million a year ago. Income before income taxes was $20.0 million compared to $51.5 million a year ago. Net income was $13.5 million or $0.25 per basic and diluted share compared to $34.6 million or $0.65 per basic and diluted share a year ago. Net cash provided from operating activities was $15.0 million compared to $39.5 million a year ago. Purchases of property, equipment and software were $59.0 million compared to $90.4 million a year ago. Adjusted EBITDA was $63.9 million compared to $97.5 million a year ago. Free cash outflow was $53.5 million compared to $60.5 million a year ago. The reduction in operating income versus the prior year is primarily due to the operational issues experienced in the first two months of the current quarter, weaker mix and additional Athens depreciation expense.

Carpenter Technology Corp. Presents at Credit Suisse 2nd Annual Global Industrials Conference, Dec-03-2014 12:30 PM

Carpenter Technology Corp. Presents at Credit Suisse 2nd Annual Global Industrials Conference, Dec-03-2014 12:30 PM. Venue: Credit Suisse, One Madison Ave (between 23rd & 24th St.), New York, New York, United States. Speakers: Gregory A. Pratt, Chairman, Chief Executive Officer, Member of Corporate Governance Committee, Member of Human Resources Committee and Member of Operations Committee, Tony R. Thene, Chief Financial Officer and Senior Vice President.

 

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Industry Analysis

CRS

Industry Average

Valuation CRS Industry Range
Price/Earnings 23.1x
Price/Sales 1.2x
Price/Book 1.7x
Price/Cash Flow 22.9x
TEV/Sales 0.8x
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