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Last $39.02 USD
Change Today +0.55 / 1.43%
Volume 81.4K
CRS On Other Exchanges
Symbol
Exchange
Frankfurt
As of 11:58 AM 08/31/15 All times are local (Market data is delayed by at least 15 minutes).

carpenter technology (CRS) Snapshot

Open
$38.36
Previous Close
$38.47
Day High
$39.14
Day Low
$37.85
52 Week High
09/3/14 - $55.44
52 Week Low
01/29/15 - $34.28
Market Cap
1.9B
Average Volume 10 Days
437.7K
EPS TTM
$1.48
Shares Outstanding
49.5M
EX-Date
09/3/15
P/E TM
26.3x
Dividend
$0.72
Dividend Yield
1.85%
Current Stock Chart for CARPENTER TECHNOLOGY (CRS)

carpenter technology (CRS) Related Businessweek News

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carpenter technology (CRS) Details

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

4,900 Employees
Last Reported Date: 08/25/15
Founded in 1889

carpenter technology (CRS) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $449.5K
Chief Technology Officer and Senior Vice Pres...
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 Declares Quarterly Cash Dividend, Payable September 15, 2015

Carpenter Technology Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.18 per share of common stock, payable September 15, 2015, to shareholders of record on September 8, 2015. The ex-dividend date (the date the common stock trades without the dividend) is September 3, 2015.

Carpenter Technology Appoints James D. Dee as Chief Governance Officer

Carpenter Technology Corp. appointed the Company's first Chief Governance Officer, James D. Dee, who currently serves as Vice President, General Counsel and Secretary.

Carpenter Technology Corp. Reports Un-Audited Consolidated Earnings Results for the Fourth Quarter and Year Ended June 30, 2015; Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2016

Carpenter Technology Corp. reported un-audited consolidated earnings results for the fourth quarter and year ended June 30, 2015. For the quarter, the company reported net income of $22.5 million or $0.44 per diluted share. Excluding restructuring charges and special items, earnings per share would have been $0.52 in the quarter. This compares to a reported net income of $38.1 million or $0.71 per diluted share in the same quarter last year. Net sales were $558.0 million compared to $604.6 million, and net sales excluding surcharge were $463.0 million, a decrease of $25.9 million (or 5%) from the same quarter last year, on 14% lower volume. Operating income was $39.5 million, a decrease of $19.7 million from $59.2 million reported the fourth quarter of the prior year. Operating income ‘excluding pension earnings, interest and deferrals (EID) and restructuring charges and special items’ was $48.2 million, a decrease of $17.0 million (or 26%) from the fourth quarter of the prior year. Net cash flow from operations was $134.1 million compared to a cash flow from operations of $95.5 million in the prior year's fourth quarter. The company generated $107 million of free cash flow, driven by inventory reduction of $54 million and lower capital spend of $18 million. Purchases of property, equipment and software were $18.3 million, compared to $51.0 million in the prior year's fourth quarter. The company reported income before income taxes of $33.3 million compared to $54.2 million reported in the last year. Adjusted income before income taxes was $39.6 million and net income of $26.6 million or $0.52 per diluted share. For the year, the company reported net income of $58.7 million or $1.11 per diluted share compared to $132.8 million or $2.47 per diluted share, net sales of $2,226.7 million compared to $2,173.0 million, operating income of $111.5 million compared to from $212.0 million, net cash flow from operations of $282.6 million compared to $239.6 million, free cash flow of $74.4 million compared to free cash out flow of $147.8 million, purchases of property, equipment and software of $170.5 million, compared to $349.2 million and income before income taxes of $89.1 million compared to $196.4 million reported in the last year. Adjusted income before income taxes was $118.9 million and net income of $79.6 million or $1.51 per diluted share. For fiscal 2016, the company expects effective tax rate to be in the range of 32% to 33% and capital expenditures to a base level of approximately $120 million. For the first quarter of fiscal 2016, the company expects operating income to be lower relative to the fourth quarter, due to lower demand in titanium and powder businesses.

 

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Industry Analysis

CRS

Industry Average

Valuation CRS Industry Range
Price/Earnings 34.6x
Price/Sales 0.9x
Price/Book 1.5x
Price/Cash Flow 32.5x
TEV/Sales 0.6x
 | 

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