2020
Carpenter Technology Corp. reported revenue declined 4% to $585.4 million in the third quarter of fiscal 2020 on 9% lower volume, with operating income falling 22% to $39.9 million.

“Our third quarter results reflected solid execution in a challenging environment due to the impact of the 737 MAX production halt as well as the COVID-19 pandemic,” stated CEO Tony Thene.

2019
Full-year Carpenter Tech revenue for fiscal 2019 increased 10% to $2.38 billion.  Operating income grew 23% to $241.4 million, with net income down 11% to $167 million.

Sales to the Aerospace and Defense market increased 11.8% to $1.33 billion on 2% higher shipment volume.

“The results reflect the impact of stronger demand for materials used across all aerospace sub-markets and defense, driven by aerospace engines, fasteners, avionics and program specific defense applications.”

Sales to the Energy market rose 24% to $181.7 million, driven by revenue and volume increases during the first half of the fiscal year in the oil and gas sub-market.

2018
Carpenter Technology Corp. reported revenue rose 6.7% to $610 million in the third quarter of fiscal 2019 on 1.4% lower volume.

Fiscal Q3 operating income increased 60% to $73.2 million, reflecting strong commercial execution and improved end-use market conditions. Net income rose 69% to $51.1 million.

Full-year Carpenter Tech revenue for fiscal 2018 increased 20% to $2.16 billion. Operating income nearly doubled to $187.1 million, with net income nearly quadrupling to $188.5 million.

Sales to the Aerospace and Defense market increased 21% to $1.2 billion on 18% higher shipment volume.

“The results reflect the impact of stronger demand for materials used in aerospace engine and structural applications, the distribution sub-market and defense applications driven by specific programs partially offset by lower fastener sales.”

Sales to the Energy market rose 6% to $146.5 million.

2017
Carpenter Technology Corp. reported revenue rose 20.8% to $572.2 million in the third quarter of fiscal 2018 on 8.9% higher volume.

Fiscal Q3 operating income increased 26% to $45.2 million, reflecting stronger market conditions driving increased demand. Net income rose 55% to $30.2 million.

Full-year Carpenter Tech revenue for fiscal 2017 declined 0.8% to $1.79 billion. Operating income nearly doubled to $97.2 million, with net income at $47 million.

“Overall, fiscal year 2017 was a successful one as we continued to build upon our foundation for long-term sustainable growth through our progress in becoming a complete solutions provider, as well as our expansion in core growth areas including titanium powder and additive manufacturing,” stated CEO Tony Thene.

Fiscal Q4 revenue gained 10.9% to $507.7 million – its highest level in two years, while quarterly operating income gained 53% to $44.6 million.

2016
Carpenter Technology Corp. reported revenue, including fasteners, rose 3.8% to $473.6 million in the third quarter of fiscal 2017. 

Fiscal Q3 gross profit jumped 75% to $83.1 million, with operating income improving to $35.8 million and net income increasing to $20.7 million.

Full-year Carpenter Tech revenue for fiscal 2016 declined 18.5% to $1.81 billion. Operating income dropped 53% to $51.6 million, while net income declined 80% to $11.3 million.

“All Aerospace sub-markets generated growth, except fasteners, which continues to be impacted by inventory channel adjustments,” the company stated.

Fiscal Q4 revenue dropped 18% to $457.7 million, while operating income declined 26% to $29.2 million and net income slipped 34% to $14.9 million.

“We are aggressively seeking avenues to deepen customer relationships and expand the participation of our high-end specialty alloys across critical applications.” 

Corporate Office: 1735 Market St., 15th Floor, Philadelphia, PA 19103.
Tel: 610 208-2000 Web: cartech.com
CEO: Tony Thene
Employees: 5,100