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Last $40.84 USD
Change Today -0.38 / -0.92%
Volume 429.0K
CRS On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

carpenter technology (CRS) Snapshot

Open
$41.06
Previous Close
$41.22
Day High
$41.11
Day Low
$40.41
52 Week High
07/1/14 - $64.69
52 Week Low
01/29/15 - $34.28
Market Cap
2.1B
Average Volume 10 Days
275.8K
EPS TTM
$1.67
Shares Outstanding
50.4M
EX-Date
05/8/15
P/E TM
24.4x
Dividend
$0.72
Dividend Yield
1.76%
Current Stock Chart for CARPENTER TECHNOLOGY (CRS)

carpenter technology (CRS) Related Businessweek News

No Related Businessweek News Found

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
Compensation as of Fiscal Year 2014.

carpenter technology (CRS) Key Developments

Carpenter Technology Corporation Announces Unaudited Consolidated Earnings Results for the Quarter and Nine Months Ended March 31, 2015; Provides Capital Expenditure Guidance for the Fiscal Year 2015

Carpenter Technology Corporation announced unaudited consolidated earnings results for the quarter and nine months ended March 31, 2015. For the quarter, the company reported net sales of $570.6 million against $566.3 million a year ago. Operating income was $4.8 million against $49.5 million a year ago. Loss before income taxes was $2.3 million against income before income taxes of $46.2 million a year ago. Net loss was $1.4 million or $0.03 per basic and diluted share against net income of $30.6 million or $0.57 per basic and diluted share a year ago. EBITDA was $35.5 million against $77.0 million a year ago. Adjusted EBITDA was $47.0 million against $92.0 million a year ago. Net cash provided from operating activities was $120.9 million against $81.0 million a year ago. Purchases of property, equipment and software were $24.8 million against $93.6 million a year ago. Consolidated net sales excluding surcharge was $462.9 million against $467.2 million a year ago. Operating income excluding pension earnings, interest and deferrals was $7.2 million against $55.5 million a year ago. Operating income excluding pension earnings, interest and deferrals, restructuring charges and special items was $35.1 million against $63.5 million a year ago. Income before income taxes, excluding restructuring and special items was $25.6 million and net income, excluding restructuring and special items was $16.9 million or $0.32 per diluted share. Effective tax rate was 39.1% against 3.6% a year ago. For the nine months, the company reported net sales of $1,668.8 million against $1,568.4 million a year ago. Operating income was $71.9 million against $152.8 million a year ago. Income before income taxes was $55.8 million against $142.1 million a year ago. Net income was $36.2 million or $0.68 per basic and diluted share against $94.7 million or $1.77 per basic and diluted share a year ago. Net cash provided from operating activities was $148.4 million against $144.0 million a year ago. Purchases of property, equipment and software were $152.3 million against $298.2 million a year ago. EBITDA was $163.1 million against $233.7 million a year ago. Adjusted EBITDA was $197.7 million against $276.7 million a year ago. Consolidated net sales excluding surcharge was $1,348.7 million against $1,293.9 million a year ago. Operating income excluding pension earnings, interest and deferrals was $79.0 million against $168.6 million a year ago. Operating income excluding pension earnings, interest and deferrals, restructuring charges and special items was $106.9 million against $176.6 million a year ago. The guidance for total capital expenditure remains at approximately $175 million for fiscal year 2015.

Carpenter Technology Corp. Declares Quarterly Cash Dividend, Payable on Payable June 4, 2015

The board of directors of Carpenter Technology Corp. declared a quarterly cash dividend of $0.18 per share of common stock, payable June 4, 2015, to shareholders of record on May 12, 2015. The ex-dividend date (the date the common stock trades without the dividend) is May 8, 2015.

Carpenter Technology Corp. to Report Q3, 2015 Results on Apr 30, 2015

Carpenter Technology Corp. announced that they will report Q3, 2015 results on Apr 30, 2015

 

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Industry Analysis

CRS

Industry Average

Valuation CRS Industry Range
Price/Earnings 29.4x
Price/Sales 0.9x
Price/Book 1.5x
Price/Cash Flow 27.7x
TEV/Sales 0.6x
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