Earnings summaries and quarterly performance for CARPENTER TECHNOLOGY.
Executive leadership at CARPENTER TECHNOLOGY.
Tony Thene
Detailed
Chief Executive Officer
CEO
Brian Malloy
Detailed
President and Chief Operating Officer
James Dee
Detailed
Senior Vice President, General Counsel and Secretary
Marshall Akins
Detailed
Vice President and Chief Commercial Officer
Timothy Lain
Detailed
Senior Vice President and Chief Financial Officer
Board of directors at CARPENTER TECHNOLOGY.
Charles McLane Jr.
Detailed
Director
Colleen Pritchett
Detailed
Director
Howard Yu
Detailed
Director
John Hart
Detailed
Director
Julie Beck
Detailed
Director
Kathleen Ligocki
Detailed
Director
Ramin Younessi
Detailed
Director
Stephen Ward Jr.
Detailed
Lead Independent Director
Steven Karol
Detailed
Director
Viola Acoff
Detailed
Director
Research analysts who have asked questions during CARPENTER TECHNOLOGY earnings calls.
Andre Madrid
BTIG
6 questions for CRS
Also covers: AIRO, AMTM, ATI +10 more
Philip Gibbs
KeyBanc Capital Markets
6 questions for CRS
Also covers: ATI, CLF, CMC +10 more
Scott Deuschle
Deutsche Bank
6 questions for CRS
Also covers: ATI, BA, BWXT +15 more
Bennett Moore
JPMorgan Chase & Co.
5 questions for CRS
Also covers: AA, CSTM, EAF +3 more
Gautam Khanna
TD Cowen
5 questions for CRS
Also covers: ASLE, ATI, BA +20 more
Josh Sullivan
The Benchmark Company, LLC
3 questions for CRS
Also covers: ACHR, CSTM, FTAI +8 more
Joshua Sullivan
The Benchmark Company
3 questions for CRS
Also covers: ACHR, AIR, ATI +13 more
Spencer Breitzke
TD Cowen
1 question for CRS
Also covers: WWD
Recent press releases and 8-K filings for CRS.
Carpenter Technology Corporation Closes Senior Notes Offering and Amends Credit Agreement
CRS
Debt Issuance
- Carpenter Technology Corporation closed a private offering of $700.0 million aggregate principal amount of 5.625% senior notes due 2034 on November 20, 2025.
- The net proceeds from this offering, along with cash on hand, will be used to redeem in full its 6.375% senior notes due 2028 and its 7.625% senior notes due 2030.
- The company also amended its credit agreement, increasing revolving commitments from $350 million of secured commitments to $500 million of unsecured commitments and extending the maturity date of the credit facility to 2030.
Nov 20, 2025, 9:27 PM
Carpenter Technology Corporation Prices $700 Million Senior Notes Offering
CRS
Debt Issuance
- Carpenter Technology Corporation announced the pricing of a $700.0 million private offering of 5.625% senior notes due 2034 on November 10, 2025.
- The offering is expected to close on November 20, 2025, subject to customary closing conditions.
- The company intends to use the net proceeds, along with cash on hand, to redeem its 6.375% senior notes due 2028 and 7.625% senior notes due 2030, and for general corporate purposes.
Nov 10, 2025, 9:30 PM
Carpenter Technology Corporation Announces Pricing of Senior Notes Offering
CRS
Debt Issuance
- Carpenter Technology Corporation (NYSE: CRS) priced a private offering of $700.0 million aggregate principal amount of 5.625% senior notes due 2034.
- The offering is expected to close on November 20, 2025.
- The net proceeds, along with cash on hand, will be used to redeem the company's 6.375% senior notes due 2028 and 7.625% senior notes due 2030, and for general corporate purposes.
Nov 10, 2025, 9:15 PM
Carpenter Technology Corporation Announces Proposed Senior Notes Offering
CRS
Debt Issuance
- Carpenter Technology Corporation (CRS) announced a proposed $700.0 million private offering of senior notes due 2034.
- The company intends to use the net proceeds from this offering, along with cash on hand, to redeem its 6.375% senior notes due 2028 and repay its 7.625% senior notes due 2030, as well as for general corporate purposes.
- Concurrently, the company is in the process of amending its Credit Facility, which is expected to increase revolving commitments from $350 million to $500 million (unsecured) and expand the uncommitted accordion feature by up to $650 million.
Nov 10, 2025, 12:49 PM
Carpenter Technology Announces Proposed $700.0 Million Senior Notes Offering
CRS
Debt Issuance
- Carpenter Technology Corporation announced its intention to offer $700.0 million aggregate principal amount of senior notes due 2034 through a private offering.
- The company plans to use the net proceeds from this offering, along with cash on hand, to redeem its 6.375% senior notes due 2028 and repay its 7.625% senior notes due 2030.
- Remaining funds will be used for general corporate purposes, which may include the repayment or repurchase of other outstanding indebtedness.
Nov 10, 2025, 12:35 PM
Carpenter Technology Corp Reports Q3 2025 Earnings Results
CRS
Earnings
Guidance Update
Share Buyback
- Delivered a record operating income of $138 million, a 53% increase YoY, marking the most profitable quarter on record
- The SAO segment posted a record $151.4 million in operating income with margins at 29.1%, driven by improved productivity and pricing
- Achieved $34 million in adjusted free cash flow, maintained robust liquidity at $500.4 million, and repurchased 37.5 million shares
- Updated guidance: FY25 operating income raised to $520–527 million with an anticipated Q4 range of $146–153 million
Apr 24, 2025, 2:00 PM
Carpenter Technology Investor & Growth Update – FY25 Guidance & $400M Expansion
CRS
Guidance Update
Share Buyback
Dividends
New Projects/Investments
- FY25 operating income guidance raised to $500–$520 million with accelerated earnings and expanded margins over FY25–FY27
- $400M expansion project: Brownfield investment adding high‐purity melt capacity with over 20% ROI and earnings benefits starting in FY28
- Robust capital allocation: Commitment to a $400M share repurchase program and $40M annual dividend
- Investor Update Event scheduled for February 18, 2025 at 10:00 a.m. ET featuring a webcast, Q&A session, and detailed presentation materials (Exhibit 99.1)
- Forward-looking statements project strong earnings growth while noting key market risks and outlining capital allocation strategies
- Earnings growth outlook: Driven by enhanced productivity, improved product mix, and pricing actions in aerospace, defense, and medical sectors
Feb 18, 2025, 12:00 AM
Carpenter Technology Reports Record Q2 2025 Operating Results
CRS
Earnings
Guidance Update
Share Buyback
- Record Q2 performance: Adjusted operating income of $118.9 million demonstrated strong year-over-year profit growth.
- Earnings per diluted share of $1.66 further underscores the strong Q2 results.
- Enhanced Specialty Alloys metrics: Adjusted operating margin improved to 28.3% from 20.0%, highlighting improved product mix and efficiency.
- Updated FY25 guidance: Operating income raised to a range of $500M to $520M, with expectations for sequential improvement in Q3.
- Robust cash performance: Generated $38.6 million in free cash flow and executed $8.2 million in share repurchases, underscoring effective capital management.
Carpenter Technology Corp Reports Record Q2 2025 Earnings Results
CRS
Earnings
Guidance Update
Share Buyback
- Record Q2 2025 profitability with operating income of $119M (, )—marking approximately a 70% increase over the prior year (, , ).
- Strong margin expansion with SAO adjusted operating margins reaching 28.3%, driven by improved productivity and product mix (, , ).
- Revised FY25 guidance: Operating income now projected in the range of $500M–$520M, reflecting continued robust earnings growth (, , , ).
- Solid cash performance with adjusted free cash flow of $38.6M and $8.2M in share repurchases, supporting a consistent quarterly dividend ().
Jan 30, 2025, 3:00 PM
Quarterly earnings call transcripts for CARPENTER TECHNOLOGY.
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