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Carpenter Technology (CRS)

Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, medical, transportation, energy, industrial and consumer electronics markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing (AM) processes and soft magnetics applications. Carpenter Technology has expanded its AM capabilities to provide a complete 'end-to-end' solution to accelerate materials innovation and streamline parts production.

Company profile

Ticker
CRS
Exchange
Website
CEO
Tony Thene
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Subsidiaries
Carpenter Investments, Inc. • Dynamet Incorporated • LSM Holding LLC • Latrobe Specialty Metals Company, LLC ...
IRS number
230458500

CRS stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

28 Apr 22
12 Aug 22
30 Jun 23
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Jun 21 Jun 20 Jun 19 Jun 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 393.9M 393.9M 393.9M 393.9M 393.9M 393.9M
Cash burn (monthly) (no burn) (no burn) 2.77M 12.29M (no burn) 2.2M
Cash used (since last report) n/a n/a 12.24M 54.38M n/a 9.73M
Cash remaining n/a n/a 381.66M 339.52M n/a 384.17M
Runway (months of cash) n/a n/a 137.9 27.6 n/a 174.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
19 Jul 22 Dee James D Common Stock Payment of exercise Dispose F No No 29.16 779 22.72K 55,011.16
19 Jul 22 Dee James D Common Stock Grant Acquire A No No 0 1,670 0 55,790.16
19 Jul 22 Marshall D Akins Common Stock Payment of exercise Dispose F No No 29.16 171 4.99K 10,999.75
19 Jul 22 Marshall D Akins Common Stock Grant Acquire A No No 0 604 0 11,170.75
19 Jul 22 David Graf Common Stock Payment of exercise Dispose F No No 29.16 287 8.37K 14,747
19 Jul 22 David Graf Common Stock Grant Acquire A No No 0 1,006 0 15,034
19 Jul 22 Lain Timothy Common Stock Payment of exercise Dispose F No No 29.16 863 25.17K 46,901.04
19 Jul 22 Lain Timothy Common Stock Grant Acquire A No No 0 2,012 0 47,764.04
19 Jul 22 Joseph E Haniford Common Stock Payment of exercise Dispose F No No 29.16 224 6.53K 53,037
19 Jul 22 Joseph E Haniford Common Stock Grant Acquire A No No 0 604 0 53,261
94.0% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 199 194 +2.6%
Opened positions 37 29 +27.6%
Closed positions 32 19 +68.4%
Increased positions 70 63 +11.1%
Reduced positions 67 81 -17.3%
13F shares Current Prev Q Change
Total value 2.48B 1.65B +50.3%
Total shares 45.36M 43.75M +3.7%
Total puts 24K 48.6K -50.6%
Total calls 73.7K 115K -35.9%
Total put/call ratio 0.3 0.4 -22.9%
Largest owners Shares Value Change
BLK Blackrock 7.78M $326.73M -0.2%
Vanguard 4.85M $203.57M -10.0%
STT State Street 3.36M $140.98M +35.7%
Dimensional Fund Advisors 3.17M $133.29M +3.8%
Alliancebernstein 2.77M $116.32M -29.0%
TROW T. Rowe Price 2.53M $106.31M +1.7%
Frontier Capital Management 1.61M $67.6M +27.6%
IVZ Invesco 1.45M $61.01M +33.9%
Thrivent Financial For Lutherans 1.27M $53.19M +1.9%
BK Bank Of New York Mellon 1.24M $51.93M +20.8%
Largest transactions Shares Bought/sold Change
Alliancebernstein 2.77M -1.13M -29.0%
STT State Street 3.36M +883.24K +35.7%
Mirae Asset Global Investments 977.97K +636.07K +186.0%
Vanguard 4.85M -540.97K -10.0%
Emerald Advisers 457.77K +448.53K +4854.2%
Emerald Mutual Fund Advisers Trust 376.83K +376.83K NEW
Norges Bank 0 -371.42K EXIT
IVZ Invesco 1.45M +368.09K +33.9%
Frontier Capital Management 1.61M +348K +27.6%
Driehaus Capital Management 261.82K +261.82K NEW

Financial report summary

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Competition
Ak Steel Holding
Risks
  • Our results of operations have been adversely affected and could in the future be materially adversely impacted by the global COVID-19 pandemic.
  • The demand for certain products we produce may be cyclical.
  • A significant portion of our sales represents products sold to customers in the commercial aerospace and defense and energy markets. The cyclicality of those markets can adversely affect our current business and our expansion objectives.
  • Any significant delay or inability to successfully expand our operations in a timely and cost-effective manner could materially adversely affect our business, financial condition and results of operations.
  • Periods of reduced demand and excess supply as well as the availability of substitute lower cost materials can adversely affect our ability to price and sell our products at the profitability levels we require to be successful.
  • We rely on third parties to supply certain raw materials and supplies that are critical to the manufacture of our products and we may not be able to access alternative sources of these raw materials if the suppliers are unwilling or unable to meet our demand.
  • We provide benefits to active and retired employees throughout most of our Company, most of which are not covered by insurance; and thus, our financial condition can be adversely affected if our investment returns are insufficient to meet these obligations.
  • The extensive environmental, health and safety regulatory regimes applicable to our manufacturing operations create potential exposure to significant liabilities.
  • Our manufacturing processes, and the manufacturing processes of many of our suppliers and customers, are energy intensive and generate carbon dioxide and other "Greenhouse Gases", and pending legislation or regulation of Greenhouse Gases, if enacted or adopted in an onerous form, could have a material adverse impact on our results of operations, financial condition and cash flows.
  • Product liability and product quality claims could adversely affect our operating results.
  • Our business subjects us to risks of litigation claims, as a routine matter, and this risk increases the potential for a loss that might not be covered by insurance.
  • A portion of our workforce is covered by collective bargaining agreements and union attempts to organize our other employees may cause work interruptions or stoppages.
  • Our manufacturing processes are complex and depend upon critical, high cost equipment for which there may be only limited or no production alternatives.
  • A significant portion of our manufacturing and production facilities are located in Reading and Latrobe, Pennsylvania and Athens, Alabama, which increases our exposure to significant disruption to our business as a result of unforeseeable developments in these geographic areas.
  • We rely on third parties to supply energy consumed at each of our energy-intensive production facilities.
  • We consider acquisitions, joint ventures and other business combination opportunities, as well as possible business unit dispositions, as part of our overall business strategy, that involve uncertainties and potential risks that we cannot predict or anticipate fully.
  • Regulations related to conflict minerals could adversely impact our business.
  • Our business may be impacted by external factors that we may not be able to control.
  • Our international operations and global sales expose us to various risks including the impact of tariffs, which may adversely affect our business.
  • We value most of our inventory using the LIFO method, which could be repealed resulting in adverse effects on our cash flows and financial condition.
  • We depend on the retention of key personnel.
  • Cybersecurity attacks and other security breaches or failures in functionality of our information technology ("IT") and computer systems could adversely impact our financial condition and results of operations and compromise the integrity of confidential data.
  • We recently implemented a new enterprise resource planning system, and problems with the design or implementation of this system could interfere with our business and operations.
  • The carrying value of goodwill and other long-lived assets may not be recoverable.
  • Our ability to produce timely and accurate financial statements may be impacted if we fail to maintain an effective system of disclosure controls and internal control over financial reporting.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: addressed, April, assert, assertion, Aubert, Brown, clause, consent, contingent, decree, Duval, electronic, Eramet, February, FTC, indefinitely, inflationary, knowledge, noncash, Notably, reinvested, repayment, reversal, technical, thereon
Removed: Pound, sporting, Sterling