CARPENTER TECHNOLOGY CORP
Close on Oct 19, 2026
- Market cap
- $19.00B
- P/E (TTM)
- 36.0
- Dividend yield
- 0.21%
About Carpenter Technology
Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens), SIC 3312
Carpenter Technology Corporation develops, manufactures, and distributes specialty metals and advanced materials. The company supplies high-performance alloys—including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels—engineered for additive manufacturing, soft magnetics, and demanding environments. Operating through two core segments, Specialty Alloys Operations oversees major premium alloy and stainless steel production mills, while Performance Engineered Products manages differentiated operations including titanium manufacturing, additive materials, and distribution units. Its materials serve customers across aerospace, defense, medical, transportation, energy, industrial, and consumer markets.
The company operates primary production mills in Reading and Latrobe, Pennsylvania, along with facilities in South Carolina and Alabama, and maintains distribution operations in Mexico. As of mid-2026, its global workforce totaled approximately 4,500 employees, with operations governed under a corporate structure in Pennsylvania. Carpenter distributes products globally across domestic and international markets.
Summary of the business section of Carpenter Technology's latest annual report, written by StockData.
Company profile
Company
- Legal name
- CARPENTER TECHNOLOGY CORP
- Founded
- 1889
- Headquarters
- Philadelphia, PA
- Address
- Bny Mellon Building, 1735 Market Street, 15th Fl 19103
- Phone
- (610) 208-2000
- Website
- carpentertechnology.com
- Employees
- 4,500, Jun 30, 2026
- Industry
- Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens)
- Incorporated in
- Delaware
- Fiscal year ends
- June 30
- Auditor
- PricewaterhouseCoopers LLP, Philadelphia, Pennsylvania
Stock & identifiers
- Ticker
- CRS
- Exchange
- NYSE
- Shares outstanding
- 50M, Aug 7, 2026
- Public float
- $15.68B, Dec 31, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, Nov 16, 2007; 2-for-1, Sep 18, 1995; 2-for-1, Sep 22, 1977
- SEC CIK
- 17843
- CUSIP
- 144285103
- ISIN
- US1442851036
- LEI
- DX6I6ZD3X5WNNCDJKP85
- EIN
- 23-0458500
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Tony R. Thene | Chairman, President and CEO, Director | 514,305 |
| Brian J. Malloy | President and CEO, Director | 88,193 |
| Marshall D. Akins | VP and Chief Comm Officer | 24,584 |
| James D. Dee | SVP, Gen Counsel & Sec | 79,468 |
| Timothy Lain | SVP and CFO | 118,188 |
| Elizabeth A. Socci | VP, Contr & Ch Acctg Officer | 10,478 |
| Steven E. Karol | Director | 400,381 |
| Ramin Younessi | Director | 1,953 |
| Ken Giacobbe | Director | – |
| Charles Douglas McLane Jr | Director | 6,459 |
| Julie A. Beck | Director | – |
| Anastasios John Hart | Director | 250 |
| Jr Stephen M. Ward | Director | 26,339 |
| Kathleen Ligocki | Director | 8,500 |
| Colleen Pritchett | Director | 0 |
| Howard H. Yu | Director | – |
| Viola L. Acoff | Director | 0 |
| I. Martin Inglis | Director | 10,407 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2026 Tony R. Thene | $12.39M | $72.15M | $2.74M | $1634 | $154 |
| FY2025 Tony R. Thene | $8.42M | $51.39M | $2.46M | $1249 | $139 |
| FY2024 Tony R. Thene | $7.32M | $26.23M | $2.11M | $255 | $155 |
| FY2023 Tony R. Thene | $6.43M | $16.15M | $1.58M | $120 | $153 |
| FY2022 Tony R. Thene | $4.81M | $1.68M | $1.25M | $83 | $147 |
| FY2021 Tony Thene | $5.02M | $9.30M | $1.31M | $136 | $210 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of June 30, 2026, our total workforce consisted of approximately 4,500 employees.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Sep 1, 2020 | Late filing | Notification of late filing |
| May 14, 2012 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Mar 1, 2012 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Sep 16, 2003 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Oct 12, 2001 | Merger | Registration of securities for a merger or exchange offer (S-4) |