# CARPENTER TECHNOLOGY CORP

Summary updated: 2026-10-02T11:42:14.52288Z
Canonical: https://finbar.com/research/companies/carpenter-technology-corp

## Overview

Carpenter Technology Corporation is a specialty materials producer and distributor, founded in 1889, that develops and manufactures premium alloys and engineered material and process solutions for demanding applications. Its products include titanium alloys, powder metals, stainless and alloy steels, and materials supplied in forms such as billet, bar, wire, strip and metal powders. Its principal end markets include aerospace and defense, medical, energy, transportation, and industrial and consumer markets. [1](https://app.finbar.com/go?id=P155863165)[2](https://app.finbar.com/go?id=P155862974)

The company operates through Specialty Alloys Operations, its major premium-alloy and stainless-steel manufacturing business, and Performance Engineered Products, which includes titanium, additive manufacturing and distribution businesses. It serves customers through operations and a service and distribution network spanning the United States, Canada, Mexico, Europe and Asia. [3](https://app.finbar.com/go?id=P155862976)[4](https://app.finbar.com/go?id=P155862977)[1](https://app.finbar.com/go?id=P155863165) For fiscal 2026, ended June 30, 2026, sales to external customers were approximately $3.12 billion. [5](https://app.finbar.com/go?id=T17967767) Carpenter lists approximately 4,500 employees and describes its mission as applying expertise in engineered materials and processes to address customers’ current and anticipated challenges. [6](https://www.carpentertechnology.com/about)
[1](https://app.finbar.com/go?id=P155863165)[2](https://app.finbar.com/go?id=P155862974)[3](https://app.finbar.com/go?id=P155862976)[4](https://app.finbar.com/go?id=P155862977)[5](https://app.finbar.com/go?id=T17967767)[6](https://www.carpentertechnology.com/about)[6](https://www.carpentertechnology.com/about)

## Products & services

Carpenter Technology’s products include specialty alloys and steels, titanium, soft-magnetic materials, metal powders for additive manufacturing, and parts and components. Its services and manufacturing capabilities include alloy distribution, powder management and testing, custom preforms, CNC machining, tooling, thread rolling, and die forging. [7](https://www.carpentertechnology.com/products)[8](https://www.carpentertechnology.com/additive-manufacturing)[9](https://www.carpentertechnology.com/parts-and-components)

Named products include MP35N®, a nonmagnetic nickel-cobalt-chromium-molybdenum alloy with tensile strength cited up to 300 ksi; Custom 465®, an age-hardenable martensitic stainless steel with tensile strength above 250 ksi in H950 condition; and PowderRange® 625 and PowderRange® X, nickel-based additive-manufacturing powders designed for corrosion resistance and reduced crack susceptibility, respectively. [10](https://www.carpentertechnology.com/alloy-finder/MP35N)[11](https://www.carpentertechnology.com/alloy-finder/Custom-465)[12](https://www.carpentertechnology.com/alloy-finder/powderrange-625)[13](https://www.carpentertechnology.com/alloy-finder/PowderRange-X)

In fiscal 2026, Specialty Alloys Operations generated $2,811.7 million in external-customer sales, approximately 90% of consolidated sales; Performance Engineered Products generated $312.5 million, approximately 10%. These percentages are calculated from reported segment and consolidated sales. [5](https://app.finbar.com/go?id=T17967767)
[5](https://app.finbar.com/go?id=T17967767)[5](https://app.finbar.com/go?id=T17967767)[5](https://app.finbar.com/go?id=T17967767)[7](https://www.carpentertechnology.com/products)[8](https://www.carpentertechnology.com/additive-manufacturing)[9](https://www.carpentertechnology.com/parts-and-components)[10](https://www.carpentertechnology.com/alloy-finder/MP35N)[11](https://www.carpentertechnology.com/alloy-finder/Custom-465)[12](https://www.carpentertechnology.com/alloy-finder/powderrange-625)[13](https://www.carpentertechnology.com/alloy-finder/PowderRange-X)

## Geographic presence

Carpenter Technology’s FY2026 filing describes a broad U.S. manufacturing footprint. Its integrated mills are in Reading and Latrobe, Pennsylvania, and Athens, Alabama; other bar-production facilities are in Orwigsburg, Pennsylvania, and Elyria, Ohio, with a bar-and-wire mini-mill in Hartsville, South Carolina. Specialty-alloy production sites include Washington, Pennsylvania, and Clearwater, Florida, while powder products are also produced in Athens. The company lists domestic warehouses and service centers in Washington, Pennsylvania, and Vienna, Ohio. [14](https://app.finbar.com/go?id=P155863115)[15](https://app.finbar.com/go?id=P155863116)[16](https://www.sec.gov/Archives/edgar/data/17843/000001784326000034/crs-20260630.htm)

Outside the United States, Carpenter reports manufacturing facilities, distribution centers, service centers, and sales offices in Belgium, Canada, China, Mexico, Singapore, Sweden, and Taiwan; the filing does not specify which facility types are present in each country. [17](https://app.finbar.com/go?id=P155863117)[16](https://www.sec.gov/Archives/edgar/data/17843/000001784326000034/crs-20260630.htm) In FY2026, sales outside the United States were $1.3 billion, representing 42% of net sales; country- and region-level revenue shares are not provided. [18](https://app.finbar.com/go?id=P155863207)[16](https://www.sec.gov/Archives/edgar/data/17843/000001784326000034/crs-20260630.htm) Corporate offices are leased in Philadelphia, Pennsylvania, and Raleigh, North Carolina. [19](https://app.finbar.com/go?id=P155863118)[16](https://www.sec.gov/Archives/edgar/data/17843/000001784326000034/crs-20260630.htm)
[14](https://app.finbar.com/go?id=P155863115)[15](https://app.finbar.com/go?id=P155863116)[17](https://app.finbar.com/go?id=P155863117)[18](https://app.finbar.com/go?id=P155863207)[19](https://app.finbar.com/go?id=P155863118)[16](https://www.sec.gov/Archives/edgar/data/17843/000001784326000034/crs-20260630.htm)

## Business segments

Carpenter Technology reports two operating segments for fiscal 2026, ended June 30, 2026: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). SAO consists of the company’s major premium-alloy and stainless-steel manufacturing operations. [3](https://app.finbar.com/go?id=P155862976) PEP consists of differentiated operations, including Dynamet titanium, Carpenter Additive, and the Latrobe and Mexico distribution businesses. [4](https://app.finbar.com/go?id=P155862977)

SAO generated $2,811.7 million in sales to external customers, approximately 90.0% of consolidated net sales. [5](https://app.finbar.com/go?id=T17967767) PEP generated $312.5 million, approximately 10.0%. [5](https://app.finbar.com/go?id=T17967767) Consolidated net sales were $3,124.2 million. [5](https://app.finbar.com/go?id=T17967767)
[3](https://app.finbar.com/go?id=P155862976)[4](https://app.finbar.com/go?id=P155862977)[5](https://app.finbar.com/go?id=T17967767)[5](https://app.finbar.com/go?id=T17967767)[5](https://app.finbar.com/go?id=T17967767)

## Company history

Founded in Reading, Pennsylvania, in 1889 as Carpenter Steel Company, Carpenter Technology grew from a single-site steel producer into a specialty-alloy manufacturer. Its early history included supplying specialty-steel engine components associated with the Wright brothers’ 1903 flight. The company adopted the name Carpenter Technology Corporation in 1968. [6](https://www.carpentertechnology.com/about) [20](https://www.carpentertechnology.com/results-driven-research) [21](https://www.sec.gov/Archives/edgar/data/17843/000119312505182991/dex3a.htm)

The company expanded its materials capabilities through acquisitions, including titanium-products manufacturer Dynamet in 1997 and Latrobe Specialty Metals in 2012. It also broadened production capacity with a new premium-products facility in Athens, Alabama, which began operating in 2014. [22](https://www.carpentertechnology.com/hubfs/Dynamet%20Quality%20Information%20August%202026.pdf) [23](https://ir.carpentertechnology.com/news-events/news/news-details/2012/Carpenter-Completes-Latrobe-Acquisition-Full-Integration-to-Begin-Immediately-02-29-2012/default.aspx) [24](https://ir.carpentertechnology.com/news-events/news/news-details/2015/Carpenters-Alabama-Facility-Approved-for-Aerospace-Alloy-06-17-2015/default.aspx)

From 2017 to 2019, Carpenter added titanium-powder and additive-manufacturing capabilities through acquisitions of Puris and LPW Technology, then established Carpenter Additive as a business unit. In 2026, Tony Thene returned to the CEO role following the death of Brian Malloy, who had been due to succeed him. [25](https://ir.carpentertechnology.com/news-events/news/news-details/2017/Carpenter-Technology-Completes-Acquisition-of-Puris-LLC-03-01-2017/default.aspx) [26](https://ir.carpentertechnology.com/news-events/news/news-details/2018/Carpenter-Enhances-Additive-Manufacturing-Capabilities-With-Acquisition-of-LPW-Technology-Ltd--10-24-2018/default.aspx) [27](https://ir.carpentertechnology.com/news-events/news/news-details/2019/Carpenter-Technologys-New-Additive-Manufacturing-AM-Business-Unit-Offers-Full-spectrum-of-AM-Products-and-Services-05-14-2019/default.aspx) [28](https://ir.carpentertechnology.com/news-events/news/news-details/2026/Carpenter-Technology-Announces-the-Passing-of-Brian-Malloy/default.aspx)
[29](https://app.finbar.com/go?id=P155862969)[1](https://app.finbar.com/go?id=P155863165)[30](https://app.finbar.com/go?id=P155863130)[6](https://www.carpentertechnology.com/about)[20](https://www.carpentertechnology.com/results-driven-research)[21](https://www.sec.gov/Archives/edgar/data/17843/000119312505182991/dex3a.htm)[22](https://www.carpentertechnology.com/hubfs/Dynamet%20Quality%20Information%20August%202026.pdf)[23](https://ir.carpentertechnology.com/news-events/news/news-details/2012/Carpenter-Completes-Latrobe-Acquisition-Full-Integration-to-Begin-Immediately-02-29-2012/default.aspx)[24](https://ir.carpentertechnology.com/news-events/news/news-details/2015/Carpenters-Alabama-Facility-Approved-for-Aerospace-Alloy-06-17-2015/default.aspx)[25](https://ir.carpentertechnology.com/news-events/news/news-details/2017/Carpenter-Technology-Completes-Acquisition-of-Puris-LLC-03-01-2017/default.aspx)[26](https://ir.carpentertechnology.com/news-events/news/news-details/2018/Carpenter-Enhances-Additive-Manufacturing-Capabilities-With-Acquisition-of-LPW-Technology-Ltd--10-24-2018/default.aspx)[27](https://ir.carpentertechnology.com/news-events/news/news-details/2019/Carpenter-Technologys-New-Additive-Manufacturing-AM-Business-Unit-Offers-Full-spectrum-of-AM-Products-and-Services-05-14-2019/default.aspx)[28](https://ir.carpentertechnology.com/news-events/news/news-details/2026/Carpenter-Technology-Announces-the-Passing-of-Brian-Malloy/default.aspx)

## Sources

1. [CARPENTER TECHNOLOGY CORP — Full financial report (2026 Y)](https://app.finbar.com/go?id=P155863165)
2. [CARPENTER TECHNOLOGY CORP — Full financial report (2026 Y)](https://app.finbar.com/go?id=P155862974)
3. [CARPENTER TECHNOLOGY CORP — Full financial report (2026 Y)](https://app.finbar.com/go?id=P155862976)
4. [CARPENTER TECHNOLOGY CORP — Full financial report (2026 Y)](https://app.finbar.com/go?id=P155862977)
5. [CARPENTER TECHNOLOGY CORP — Full financial report (2026 Y)](https://app.finbar.com/go?id=T17967767)
6. [www.carpentertechnology.com](https://www.carpentertechnology.com/about)
7. [www.carpentertechnology.com](https://www.carpentertechnology.com/products)
8. [www.carpentertechnology.com](https://www.carpentertechnology.com/additive-manufacturing)
9. [www.carpentertechnology.com](https://www.carpentertechnology.com/parts-and-components)
10. [www.carpentertechnology.com](https://www.carpentertechnology.com/alloy-finder/MP35N)
11. [www.carpentertechnology.com](https://www.carpentertechnology.com/alloy-finder/Custom-465)
12. [www.carpentertechnology.com](https://www.carpentertechnology.com/alloy-finder/powderrange-625)
13. [www.carpentertechnology.com](https://www.carpentertechnology.com/alloy-finder/PowderRange-X)
14. [CARPENTER TECHNOLOGY CORP — Full financial report (2026 Y)](https://app.finbar.com/go?id=P155863115)
15. [CARPENTER TECHNOLOGY CORP — Full financial report (2026 Y)](https://app.finbar.com/go?id=P155863116)
16. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/17843/000001784326000034/crs-20260630.htm)
17. [CARPENTER TECHNOLOGY CORP — Full financial report (2026 Y)](https://app.finbar.com/go?id=P155863117)
18. [CARPENTER TECHNOLOGY CORP — Full financial report (2026 Y)](https://app.finbar.com/go?id=P155863207)
19. [CARPENTER TECHNOLOGY CORP — Full financial report (2026 Y)](https://app.finbar.com/go?id=P155863118)
20. [www.carpentertechnology.com](https://www.carpentertechnology.com/results-driven-research)
21. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/17843/000119312505182991/dex3a.htm)
22. [www.carpentertechnology.com](https://www.carpentertechnology.com/hubfs/Dynamet%20Quality%20Information%20August%202026.pdf)
23. [ir.carpentertechnology.com](https://ir.carpentertechnology.com/news-events/news/news-details/2012/Carpenter-Completes-Latrobe-Acquisition-Full-Integration-to-Begin-Immediately-02-29-2012/default.aspx)
24. [ir.carpentertechnology.com](https://ir.carpentertechnology.com/news-events/news/news-details/2015/Carpenters-Alabama-Facility-Approved-for-Aerospace-Alloy-06-17-2015/default.aspx)
25. [ir.carpentertechnology.com](https://ir.carpentertechnology.com/news-events/news/news-details/2017/Carpenter-Technology-Completes-Acquisition-of-Puris-LLC-03-01-2017/default.aspx)
26. [ir.carpentertechnology.com](https://ir.carpentertechnology.com/news-events/news/news-details/2018/Carpenter-Enhances-Additive-Manufacturing-Capabilities-With-Acquisition-of-LPW-Technology-Ltd--10-24-2018/default.aspx)
27. [ir.carpentertechnology.com](https://ir.carpentertechnology.com/news-events/news/news-details/2019/Carpenter-Technologys-New-Additive-Manufacturing-AM-Business-Unit-Offers-Full-spectrum-of-AM-Products-and-Services-05-14-2019/default.aspx)
28. [ir.carpentertechnology.com](https://ir.carpentertechnology.com/news-events/news/news-details/2026/Carpenter-Technology-Announces-the-Passing-of-Brian-Malloy/default.aspx)
29. [CARPENTER TECHNOLOGY CORP — Full financial report (2026 Y)](https://app.finbar.com/go?id=P155862969)
30. [CARPENTER TECHNOLOGY CORP — Full financial report (2026 Y)](https://app.finbar.com/go?id=P155863130)

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