CRS

Carpenter Technology Corporation manufactures and distributes specialty alloys and advanced materials used in aerospace, defense, transportation, energy, industrial, medical, and consumer markets. The company produces specialty steels, titanium alloys, superalloys, and advanced ceramics used in demanding applications requiring high performance, durability, and reliability. Carpenter serves customers requiring materials for jet engines, airframes, medical implants, industrial equipment, energy infrastructure, and other critical applications. The company operates through manufacturing facilities producing ingots, billets, bars, plates, and other forms, along with distribution and service centers. Founded in 1889 and headquartered in Philadelphia, Pennsylvania, Carpenter has built expertise in metallurgy, materials science, and specialized manufacturing processes. The company benefits from aerospace content growth, specialized materials expertise, long-term customer relationships, and barriers to entry including technical know-how and capital intensity. Carpenter faces cyclicality in aerospace markets, competitive materials suppliers, raw material cost volatility, and operational challenges. The company continues to invest in advanced materials, additive manufacturing, operational improvements, and strategic growth opportunities serving high-performance applications.