Intrinsic value of Carpenter Technology - CRS

Previous Close

$52.69

  Intrinsic Value

$4.60

stock screener

  Rating & Target

str. sell

-91%

Previous close

$52.69

 
Intrinsic value

$4.60

 
Up/down potential

-91%

 
Rating

str. sell

We calculate the intrinsic value of CRS stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 2.5

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  20.80
  19.22
  17.80
  16.52
  15.37
  14.33
  13.40
  12.56
  11.80
  11.12
  10.51
  9.96
  9.46
  9.02
  8.61
  8.25
  7.93
  7.63
  7.37
  7.13
  6.92
  6.73
  6.56
  6.40
  6.26
  6.13
  6.02
  5.92
  5.83
  5.74
Revenue, $m
  2,172
  2,589
  3,050
  3,553
  4,099
  4,687
  5,315
  5,982
  6,688
  7,432
  8,213
  9,031
  9,885
  10,777
  11,705
  12,671
  13,675
  14,720
  15,805
  16,932
  18,104
  19,322
  20,589
  21,907
  23,278
  24,706
  26,194
  27,744
  29,360
  31,047
Variable operating expenses, $m
  2,104
  2,502
  2,941
  3,422
  3,943
  4,503
  5,102
  5,738
  6,411
  7,121
  7,833
  8,613
  9,428
  10,278
  11,163
  12,085
  13,043
  14,039
  15,073
  16,149
  17,266
  18,428
  19,636
  20,893
  22,201
  23,563
  24,982
  26,460
  28,002
  29,611
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,104
  2,502
  2,941
  3,422
  3,943
  4,503
  5,102
  5,738
  6,411
  7,121
  7,833
  8,613
  9,428
  10,278
  11,163
  12,085
  13,043
  14,039
  15,073
  16,149
  17,266
  18,428
  19,636
  20,893
  22,201
  23,563
  24,982
  26,460
  28,002
  29,611
Operating income, $m
  68
  87
  108
  132
  157
  184
  213
  244
  277
  311
  380
  418
  457
  499
  542
  586
  633
  681
  731
  783
  838
  894
  953
  1,013
  1,077
  1,143
  1,212
  1,284
  1,358
  1,436
EBITDA, $m
  229
  273
  322
  375
  433
  495
  561
  631
  706
  784
  867
  953
  1,043
  1,137
  1,235
  1,337
  1,443
  1,554
  1,668
  1,787
  1,911
  2,039
  2,173
  2,312
  2,457
  2,608
  2,765
  2,928
  3,099
  3,277
Interest expense (income), $m
  28
  33
  52
  73
  96
  121
  149
  178
  210
  244
  279
  317
  356
  398
  441
  486
  533
  581
  632
  685
  739
  796
  855
  917
  981
  1,047
  1,117
  1,189
  1,264
  1,342
  1,423
Earnings before tax, $m
  35
  35
  36
  36
  36
  35
  35
  34
  33
  32
  63
  61
  60
  58
  56
  54
  51
  49
  46
  44
  41
  38
  36
  33
  30
  26
  23
  20
  16
  13
Tax expense, $m
  9
  10
  10
  10
  10
  9
  9
  9
  9
  9
  17
  17
  16
  16
  15
  14
  14
  13
  13
  12
  11
  10
  10
  9
  8
  7
  6
  5
  4
  3
Net income, $m
  26
  26
  26
  26
  26
  26
  25
  25
  24
  23
  46
  45
  44
  42
  41
  39
  37
  36
  34
  32
  30
  28
  26
  24
  22
  19
  17
  15
  12
  9

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  3,474
  4,142
  4,879
  5,685
  6,559
  7,499
  8,504
  9,571
  10,701
  11,891
  13,141
  14,449
  15,816
  17,242
  18,728
  20,273
  21,881
  23,551
  25,287
  27,091
  28,966
  30,915
  32,942
  35,051
  37,245
  39,530
  41,910
  44,390
  46,977
  49,675
Adjusted assets (=assets-cash), $m
  3,474
  4,142
  4,879
  5,685
  6,559
  7,499
  8,504
  9,571
  10,701
  11,891
  13,141
  14,449
  15,816
  17,242
  18,728
  20,273
  21,881
  23,551
  25,287
  27,091
  28,966
  30,915
  32,942
  35,051
  37,245
  39,530
  41,910
  44,390
  46,977
  49,675
Revenue / Adjusted assets
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
  0.625
Average production assets, $m
  1,802
  2,149
  2,531
  2,949
  3,403
  3,890
  4,411
  4,965
  5,551
  6,168
  6,817
  7,496
  8,205
  8,945
  9,715
  10,517
  11,351
  12,217
  13,118
  14,054
  15,026
  16,037
  17,089
  18,183
  19,321
  20,506
  21,741
  23,027
  24,369
  25,769
Working capital, $m
  830
  989
  1,165
  1,357
  1,566
  1,790
  2,030
  2,285
  2,555
  2,839
  3,137
  3,450
  3,776
  4,117
  4,471
  4,840
  5,224
  5,623
  6,037
  6,468
  6,916
  7,381
  7,865
  8,368
  8,892
  9,438
  10,006
  10,598
  11,216
  11,860
Total debt, $m
  955
  1,345
  1,775
  2,246
  2,756
  3,305
  3,892
  4,515
  5,175
  5,870
  6,600
  7,364
  8,162
  8,995
  9,863
  10,765
  11,704
  12,679
  13,693
  14,747
  15,842
  16,980
  18,164
  19,395
  20,677
  22,011
  23,401
  24,849
  26,360
  27,936
Total liabilities, $m
  2,029
  2,419
  2,850
  3,320
  3,830
  4,379
  4,966
  5,590
  6,249
  6,944
  7,674
  8,438
  9,237
  10,070
  10,937
  11,840
  12,778
  13,754
  14,768
  15,821
  16,916
  18,055
  19,238
  20,470
  21,751
  23,085
  24,475
  25,924
  27,434
  29,010
Total equity, $m
  1,445
  1,723
  2,030
  2,365
  2,729
  3,120
  3,537
  3,982
  4,452
  4,947
  5,466
  6,011
  6,580
  7,173
  7,791
  8,434
  9,102
  9,797
  10,520
  11,270
  12,050
  12,861
  13,704
  14,581
  15,494
  16,444
  17,434
  18,466
  19,542
  20,665
Total liabilities and equity, $m
  3,474
  4,142
  4,880
  5,685
  6,559
  7,499
  8,503
  9,572
  10,701
  11,891
  13,140
  14,449
  15,817
  17,243
  18,728
  20,274
  21,880
  23,551
  25,288
  27,091
  28,966
  30,916
  32,942
  35,051
  37,245
  39,529
  41,909
  44,390
  46,976
  49,675
Debt-to-equity ratio
  0.660
  0.780
  0.870
  0.950
  1.010
  1.060
  1.100
  1.130
  1.160
  1.190
  1.210
  1.230
  1.240
  1.250
  1.270
  1.280
  1.290
  1.290
  1.300
  1.310
  1.310
  1.320
  1.330
  1.330
  1.330
  1.340
  1.340
  1.350
  1.350
  1.350
Adjusted equity ratio
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416
  0.416

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  26
  26
  26
  26
  26
  26
  25
  25
  24
  23
  46
  45
  44
  42
  41
  39
  37
  36
  34
  32
  30
  28
  26
  24
  22
  19
  17
  15
  12
  9
Depreciation, amort., depletion, $m
  162
  186
  214
  243
  276
  311
  348
  387
  429
  473
  487
  535
  586
  639
  694
  751
  811
  873
  937
  1,004
  1,073
  1,146
  1,221
  1,299
  1,380
  1,465
  1,553
  1,645
  1,741
  1,841
Funds from operations, $m
  187
  212
  240
  270
  302
  336
  373
  412
  453
  496
  533
  580
  630
  681
  735
  790
  848
  908
  971
  1,036
  1,103
  1,174
  1,247
  1,323
  1,402
  1,484
  1,570
  1,659
  1,753
  1,850
Change in working capital, $m
  143
  159
  176
  192
  209
  224
  240
  255
  270
  284
  298
  312
  326
  340
  355
  369
  384
  399
  414
  431
  448
  465
  484
  503
  524
  545
  568
  592
  618
  644
Cash from operations, $m
  44
  53
  64
  77
  93
  112
  133
  157
  184
  212
  235
  268
  303
  341
  380
  421
  465
  510
  556
  605
  656
  708
  763
  819
  878
  939
  1,002
  1,067
  1,135
  1,206
Maintenance CAPEX, $m
  -107
  -129
  -153
  -181
  -211
  -243
  -278
  -315
  -355
  -397
  -441
  -487
  -535
  -586
  -639
  -694
  -751
  -811
  -873
  -937
  -1,004
  -1,073
  -1,146
  -1,221
  -1,299
  -1,380
  -1,465
  -1,553
  -1,645
  -1,741
New CAPEX, $m
  -309
  -346
  -382
  -418
  -453
  -488
  -521
  -554
  -586
  -617
  -648
  -679
  -709
  -740
  -771
  -802
  -834
  -867
  -901
  -936
  -973
  -1,011
  -1,051
  -1,094
  -1,138
  -1,185
  -1,235
  -1,287
  -1,342
  -1,400
Cash from investing activities, $m
  -416
  -475
  -535
  -599
  -664
  -731
  -799
  -869
  -941
  -1,014
  -1,089
  -1,166
  -1,244
  -1,326
  -1,410
  -1,496
  -1,585
  -1,678
  -1,774
  -1,873
  -1,977
  -2,084
  -2,197
  -2,315
  -2,437
  -2,565
  -2,700
  -2,840
  -2,987
  -3,141
Free cash flow, $m
  -372
  -422
  -472
  -522
  -571
  -619
  -666
  -712
  -757
  -802
  -854
  -898
  -941
  -985
  -1,029
  -1,074
  -1,120
  -1,168
  -1,217
  -1,268
  -1,321
  -1,376
  -1,434
  -1,495
  -1,559
  -1,627
  -1,698
  -1,773
  -1,851
  -1,935
Issuance/(repayment) of debt, $m
  350
  390
  431
  471
  510
  549
  587
  624
  660
  695
  730
  764
  798
  833
  867
  903
  939
  976
  1,014
  1,054
  1,095
  1,138
  1,184
  1,231
  1,281
  1,334
  1,390
  1,449
  1,511
  1,576
Issuance/(repurchase) of shares, $m
  221
  252
  281
  309
  337
  365
  393
  420
  446
  472
  474
  500
  525
  551
  577
  604
  631
  659
  688
  718
  750
  783
  817
  853
  891
  931
  973
  1,017
  1,064
  1,113
Cash from financing (excl. dividends), $m  
  571
  642
  712
  780
  847
  914
  980
  1,044
  1,106
  1,167
  1,204
  1,264
  1,323
  1,384
  1,444
  1,507
  1,570
  1,635
  1,702
  1,772
  1,845
  1,921
  2,001
  2,084
  2,172
  2,265
  2,363
  2,466
  2,575
  2,689
Total cash flow (excl. dividends), $m
  199
  220
  239
  258
  277
  296
  314
  331
  349
  366
  349
  366
  382
  399
  415
  432
  449
  467
  485
  504
  524
  545
  567
  589
  613
  639
  665
  693
  723
  754
Retained Cash Flow (-), $m
  -247
  -278
  -307
  -335
  -363
  -391
  -418
  -444
  -470
  -495
  -520
  -544
  -569
  -593
  -618
  -643
  -669
  -695
  -722
  -750
  -780
  -811
  -843
  -877
  -913
  -950
  -990
  -1,032
  -1,076
  -1,123
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  -48
  -58
  -68
  -77
  -86
  -95
  -104
  -113
  -121
  -130
  -171
  -179
  -187
  -195
  -203
  -211
  -219
  -228
  -237
  -246
  -256
  -266
  -277
  -288
  -299
  -312
  -325
  -338
  -353
  -368
Discount rate, %
  5.90
  6.20
  6.50
  6.83
  7.17
  7.53
  7.91
  8.30
  8.72
  9.15
  9.61
  10.09
  10.60
  11.13
  11.68
  12.27
  12.88
  13.52
  14.20
  14.91
  15.65
  16.44
  17.26
  18.12
  19.03
  19.98
  20.98
  22.03
  23.13
  24.29
PV of cash for distribution, $m
  -45
  -52
  -56
  -59
  -61
  -62
  -61
  -60
  -57
  -54
  -62
  -56
  -50
  -44
  -39
  -33
  -28
  -23
  -19
  -15
  -12
  -9
  -7
  -5
  -4
  -3
  -2
  -1
  -1
  -1
Current shareholders' claim on cash, %
  91.8
  84.7
  78.6
  73.2
  68.5
  64.4
  60.7
  57.4
  54.5
  51.8
  49.5
  47.4
  45.5
  43.8
  42.1
  40.6
  39.2
  37.9
  36.6
  35.5
  34.4
  33.3
  32.3
  31.4
  30.5
  29.7
  28.8
  28.0
  27.3
  26.6

Carpenter Technology Corporation is engaged in the manufacturing, fabrication and distribution of specialty metals. The Company's segments include Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). Its SAO segment consists of alloy and stainless steel manufacturing operations. Its PEP segment includes the Dynamet titanium business, the Carpenter Powder Products business, the Amega West business, the Specialty Steel Supply business and the Latrobe and Mexico distribution businesses. It develops, manufactures and distributes cast/wrought and powder metal stainless steels, and special alloys, including high temperature (iron-nickel-cobalt base), stainless, corrosion resistant, controlled expansion alloys, ultra-high strength and implantable alloys, tool and die steels and other specialty metals, as well as cast/wrought titanium alloys. The Company manufactures and rents down-hole drilling tools and components used in the oil and gas industry.

FINANCIAL RATIOS  of  Carpenter Technology (CRS)

Valuation Ratios
P/E Ratio 52.4
Price to Sales 1.4
Price to Book 2.1
Price to Tangible Book
Price to Cash Flow 19.1
Price to Free Cash Flow 82.1
Growth Rates
Sales Growth Rate -0.8%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate 4.2%
Cap. Spend. - 3 Yr. Gr. Rate -22.3%
Financial Strength
Quick Ratio 1
Current Ratio 0.1
LT Debt to Equity 45.9%
Total Debt to Equity 50.5%
Interest Coverage 4
Management Effectiveness
Return On Assets 2.3%
Ret/ On Assets - 3 Yr. Avg. 1.9%
Return On Total Capital 2.7%
Ret/ On T. Cap. - 3 Yr. Avg. 2.1%
Return On Equity 4.1%
Return On Equity - 3 Yr. Avg. 3.1%
Asset Turnover 0.6
Profitability Ratios
Gross Margin 15.8%
Gross Margin - 3 Yr. Avg. 15.1%
EBITDA Margin 12%
EBITDA Margin - 3 Yr. Avg. 10.7%
Operating Margin 5.5%
Oper. Margin - 3 Yr. Avg. 4.5%
Pre-Tax Margin 3.9%
Pre-Tax Margin - 3 Yr. Avg. 3%
Net Profit Margin 2.6%
Net Profit Margin - 3 Yr. Avg. 2%
Effective Tax Rate 32.9%
Eff/ Tax Rate - 3 Yr. Avg. 38.9%
Payout Ratio 72.3%

CRS stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the CRS stock intrinsic value calculation we used $1797.6 million for the last fiscal year's total revenue generated by Carpenter Technology. The default revenue input number comes from 0001 income statement of Carpenter Technology. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our CRS stock valuation model: a) initial revenue growth rate of 20.8% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 5.9%, whose default value for CRS is calculated based on our internal credit rating of Carpenter Technology, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Carpenter Technology.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of CRS stock the variable cost ratio is equal to 97.2%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for CRS stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Carpenter Technology.

Corporate tax rate of 27% is the nominal tax rate for Carpenter Technology. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the CRS stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for CRS are equal to 83%.

Life of production assets of 14 years is the average useful life of capital assets used in Carpenter Technology operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for CRS is equal to 38.2%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1198.6 million for Carpenter Technology - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 47.26 million for Carpenter Technology is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Carpenter Technology at the current share price and the inputted number of shares is $2.5 billion.

RELATED COMPANIES Price Int.Val. Rating
ATI Allegheny Tech 26.75 2.40  str.sell
HAYN Haynes Interna 30.43 6.45  str.sell
UTX United Technol 128.68 179.58  buy
USAP Universal Stai 22.56 5.52  str.sell
AA Alcoa 38.60 845.27  str.buy
GSM Ferroglobe 6.62 0.80  str.sell

COMPANY NEWS

▶ Carpenter Technology Announces Conference Call and Webcast   [Oct-15-18 08:00AM  GlobeNewswire]
▶ Carpenter Technology Declares Quarterly Cash Dividend   [Oct-10-18 04:15PM  GlobeNewswire]
▶ Carpenter Technology Increases Quarterly Cash Dividend   [Aug-15-18 04:15PM  GlobeNewswire]
▶ Carpenter: Fiscal 4Q Earnings Snapshot   [12:19PM  Associated Press]
▶ Carpenter Technology Announces Conference Call and Webcast   [Jul-19-18 04:44PM  GlobeNewswire]
▶ Carpenter: Fiscal 3Q Earnings Snapshot   [09:27AM  Associated Press]
▶ Carpenter Technology Earnings Preview   [Apr-25-18 03:38PM  Benzinga]
▶ Carpenter Declares Quarterly Cash Dividend   [Apr-18-18 08:30AM  GlobeNewswire]
▶ Carpenter Technology Announces Conference Call and Webcast   [Apr-13-18 08:45AM  GlobeNewswire]
▶ Carpenter Technology Acquires CalRAM   [Feb-26-18 08:00AM  GlobeNewswire]
▶ Carpenter beats Street 2Q forecasts   [08:19AM  Associated Press]
▶ Carpenter Technology Announces Conference Call and Webcast   [Jan-25-18 08:30AM  GlobeNewswire]
▶ Carpenter Declares Quarterly Cash Dividend   [Jan-24-18 04:15PM  GlobeNewswire]
▶ Kathleen Ligocki Named to Carpenter Board of Directors   [Nov-20-17 04:15PM  GlobeNewswire]
▶ A Well-Defined Niche: Steel-Alloy Stocks Rebound In New Era   [Oct-27-17 12:38PM  Investor's Business Daily]
▶ Carpenter beats Street 1Q forecasts   [08:21AM  Associated Press]
▶ Carpenter Technology Announces Conference Call and Webcast   [Oct-18-17 09:00AM  GlobeNewswire]
▶ Carpenter Declares Quarterly Cash Dividend   [Oct-10-17 05:24PM  GlobeNewswire]

CONTACT US       ASSET ALLOCATION

About X-FIN       Site news       Privacy policy       Terms of use       FAQ

Copyright © X-FIN.com 2005-2018. All rigths reserved.