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Carpenter Technology Corporation

CRS

Industrials · 443.37 -1.0% today

Isolated · not yet confirmedMarket checked 11 Sept, 15:55 GMT-4

Market read

Carpenter Technology Corporation's current read is isolated; its market group is not confirming.

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Company-1.0% todayVolume comparison unavailable
Market group0 of 1 activeSpecialty Metals · unavailable
Disclosed network0 of 1 confirmingNo filing-linked name is confirming now
What would change this read
  • Capital spending increased with the brownfield expansion in Athens, Alabama, raising the amount of cash committed to the operating footprint.
  • Tax valuation allowances increased as certain jurisdictions generated additional net operating losses without recognized tax benefits.

Invalidation: The isolated read changes if CRS's group or a disclosed connection begins moving with it.

Watch this read

Research brief

The story so far

Industrials · Metal Fabrication

No new filing conclusion is available. 0 of 1 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 1 directly disclosed connection is confirming.

Evidence that supports

No thresholded supportive filing evidence is available yet.

Evidence that challenges

No thresholded adverse filing evidence is available yet.

What would clarify the read
  • Capital spending increased with the brownfield expansion in Athens, Alabama, raising the amount of cash committed to the operating footprint.
  • Tax valuation allowances increased as certain jurisdictions generated additional net operating losses without recognized tax benefits.

Company research

Understand the business, not just the ticker

As of Sep 12, 2026
Business model and earnings drivers

Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.

Key research questions
  • Which operating variable is changing?
  • Is that change durable, cyclical or one-off?
  • What evidence would disprove the current interpretation?
Annual periods9
Price observations328
Usable filing statements99
Verified relationships2
Evidence supporting the case
  • Latest annual revenue changed +8.6% year over year.
  • Operating margin changed +4.3 percentage points in the latest annual period.
  • Net margin changed +3.9 percentage points in the latest annual period.
  • Demand and volume has repeated favorable evidence across 5 filings.
  • Pricing and mix has repeated favorable evidence across 4 filings.
Evidence challenging the case

No qualifying adverse evidence was identified; that is not proof there is no downside.

Questions before a position
  • P/E is 39% below the available filing-peer median; determine whether growth and quality justify the difference.
  • EV/sales is 20% above the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context

Price as of Sep 11, 2026

443.37
6m+17.5%12m+79.4%24m
Annual trajectory

Reported annual revenue and per-share history. This is accounting history, not a forecast.

PeriodRevenueYoYDiluted EPSShare change
2022-06-30$1.8B+24.4%$-1.01+0.4%
2023-06-30$2.6B+38.9%$1.14+1.4%
2024-06-30$2.8B+8.2%$3.70+2.2%
2025-06-30$2.9B+4.3%$7.42+0.8%
2026-06-30$3.1B+8.6%$10.52-0.6%

What management says matters

Persistent and emerging business drivers

Demand and volumemixed · 5 filings
The fiscal year 2025 results reflect higher demand in the power generation sub-market for both new and refurbished industrial gas turbines partially offset by decreased rig counts and decreased shipments for material used in the oil and gas sub-market compare…
10-K · Aug 12, 2026
Restructuring and cost reductionsnegative · 5 filings
Special items included in fiscal year 2024 operating income include a $14.1 million noncash goodwill impairment charge related to the Latrobe Distribution reporting unit in the PEP segment and restructuring and asset impairment charges of $16.9 million as a r…
10-K · Aug 12, 2026
Credit and interest ratesmixed · 4 filings
The lower interest expense, net in fiscal year 2025 is largely due to less short-term borrowings under our Credit Facility and higher capitalized interest compared to fiscal year 2024.
10-K · Aug 12, 2026
Pricing and mixpositive · 4 filings
The higher sales excluding surcharge revenue in the SAO segment reflect double-digit percentage growth in the end-use markets of Aerospace and Defense and Energy driven by realized price increases and improving product mix compared to fiscal year 2024.
10-K · Aug 12, 2026

Valuation discipline

Descriptive valuation snapshot

Price/sales 7.2× · EV/sales 7.2×. Comparisons use only industry-matched filing peers.

Scenario scaffold

Mechanical 2.0-year scenarios are available as editable assumptions, not consensus.

Price action

How the market is pricing the story

443.37-1.0% today

Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.

Developments

No sourced recent-development timeline yet

Jodie has not returned a relevant primary source or news item for CRS. This is an evidence-coverage gap, not a conclusion that nothing material happened.

Business and financial condition

Reported financial figures are not available yet

Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.

Filing analysis

No comparable filing assessment is available yet

Jodie has not yet found a suitable current-versus-prior filing comparison for CRS. This does not mean the latest filing was neutral or immaterial.

Business ecosystem

The relationships behind CRS

Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.

Depended on by

ATIATI Inc.competitorFeb 20, 2026

Principal competitors in the HPMC segment include: Berkshire Hathaway Inc., for nickel-based alloys and superalloys and specialty steel alloys, titanium and titanium-based alloys, and precision forgings through its ownership of Precision Castparts Corporation…

Filing peers

Companies whose filings use similar operating language.

Open the three relationships above to see Jodie’s filing proof. Pro unlocks 7 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →

What is moving around it

Live connections

CRS is currently a Leader in the organic co-movement group Specialty Metals. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 1 filing-linked name are in the relationship map; none is currently confirmed as moving with the group.

This group is retained as the last observed read for CRS; it is not active in the latest market snapshot.

Context history

Theme membership history

No durable theme membership has been observed for this name yet.