Last $37.05 USD
Change Today +0.71 / 1.95%
Volume 1.1M
CRS On Other Exchanges
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Exchange
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As of 3:59 PM 01/29/15 All times are local (Market data is delayed by at least 15 minutes).

carpenter technology (CRS) Snapshot

Open
$36.29
Previous Close
$36.34
Day High
$37.18
Day Low
$34.28
52 Week High
04/4/14 - $67.00
52 Week Low
01/29/15 - $34.28
Market Cap
2.0B
Average Volume 10 Days
533.1K
EPS TTM
$1.96
Shares Outstanding
53.2M
EX-Date
02/6/15
P/E TM
18.9x
Dividend
$0.72
Dividend Yield
1.96%
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. 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
Compensation as of Fiscal Year 2014.

carpenter technology (CRS) Key Developments

Carpenter Technology Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on March 5, 2015

The Board of Directors of Carpenter Technology Corporation at its meeting, declared a quarterly cash dividend of $0.18 per share of common stock, payable March 5, 2015, to shareholders of record on February 10, 2015. The ex-dividend date (the date the common stock trades without the dividend) is February 6, 2015.

Carpenter Technology Corp. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014; Provides Tax Rate Guidance for Third and Fourth Quarter of Fiscal 2015; Provides Capital Expenditure Guidance for Fiscal 2015

Carpenter Technology Corp. announced unaudited consolidated earnings results for the second quarter and six months ended December 31, 2014. For the quarter, the company reported net income of $24.1 million or $0.45 per diluted share. Excluding a discrete tax charge of $1.6 million ($0.03 per diluted share) related to the enactment of the Tax Increase Prevention Act of 2014, earnings per diluted share would have been $0.48 in the quarter. This compares to $29.5 million or $0.55 per diluted share in the same quarter last year. Net sales for the second quarter of fiscal year 2015 were $548.4 million, and net sales excluding surcharge were $445.7 million, an increase of $31.1 million (or 8 percent) from the same quarter last year, on flat shipments. Operating income was $45.0 million, a decrease of $2.5 million from the second quarter of the prior year. Operating income—excluding pension earnings, interest and deferrals (EID)—was $47.4 million, a decrease of $3.9 million (or 8%) from the second quarter of the prior year. This reduction in operating income versus the prior year is primarily due to the Reading press outage in November, higher SAO operating costs, and the additional depreciation expense of the Athens facility, which were all partially offset by lower variable compensation expense and a stronger mix of products. Cash flow from operations was $12.5 million, which included a $54.2 million increase in working capital and $1.2 million of pension contributions. This compares to a cash flow from operations of $23.6 million in the prior year’s second quarter, which included a $25.0 million increase in working capital and $1.5 million of pension contributions. EBITDA was $75.1 million compared to $74.3 million a year ago. Adjusted EBITDA was $86.6 million compared to $87.3 million a year ago. Income before income taxes was $38.2 million against $44.4 million a year ago. For the six months, the company reported net sales of $1,098.2 million compared to $1,002.1 million a year ago. Operating income was $67.2 million compared to $103.3 million a year ago. Income before income taxes was $58.2 million compared to $95.9 million a year ago. Net income attributable to the company was $37.6 million compared to $64.1 million a year ago. Diluted EPS was $0.70 compared to $1.19 a year ago. Net cash provided from operating activities was $27.5 million compared to $63.1 million a year ago. Purchases of property, equipment and software were $127.4 million compared to $204.5 million a year ago. EBITDA was $127.8 million compared to $156.8 million a year ago. Adjusted EBITDA was $150.8 million compared to $184.8 million a year ago. For quarters 3 and 4, the company expect the effective tax rate to be in the range of 33% to 34%. Capital expenditures remains at $160 million to $175 million for the year.

Carpenter Technology Corp. expected to report Q2 2015 results on January 28, 2015. This event was calculated by Capital IQ (Created on January 11, 2015).

Carpenter Technology Corp. expected to report Q2 2015 results on January 28, 2015. This event was calculated by Capital IQ (Created on January 11, 2015).

 

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CRS

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Valuation CRS Industry Range
Price/Earnings 17.5x
Price/Sales 0.9x
Price/Book 1.3x
Price/Cash Flow 17.3x
TEV/Sales 0.6x
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