Full-Time
Posted on 5/7/2026
High-performance alloys and titanium powders
No salary listed
Reading, PA, USA
In Person
Carpenter Technology specializes in high-performance materials and advanced process solutions for aerospace, transportation, medical, and energy markets. Its offerings include superalloys and titanium powder technologies that support manufacturing techniques such as additive manufacturing (3D printing), enabling the production of advanced components. The company differentiates itself through its deep materials science expertise, a broad portfolio of high-performance powders and alloys, and end-to-end process knowledge that helps customers design, qualify, and produce parts with demanding performance. Carpenter’s goal is to help customers create critical, reliable products by providing materials and process solutions that unlock new design possibilities and improve performance across demanding applications.
Company Size
1,001-5,000
Company Stage
IPO
Headquarters
null
Founded
1889
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Life Insurance
Health Insurance
Dental Insurance
Vision Insurance
Flexible Spending Accounts
Disability Insurance
401(k) with company contributions
Carpenter Technology (CRS) announces Brian Malloy to succeed Tony Thene as CEO. Maham Fatima In this article: Carpenter Technology Corporation (NYSE:CRS) is one of the best multibagger stocks to invest in according to billionaires. On February 17, Carpenter Technology announced that Brian Malloy will succeed Tony Thene as Chief Executive Officer, effective July 1. Malloy currently serves as the company's President and Chief Operating Officer, while Thene, the current Chairman and CEO, will transition into the role of Executive Chairman. Thene will now focus on guiding corporate strategy and maintaining relationships with key stakeholders while providing ongoing leadership to the Board of Directors. Brian Malloy brings over a decade of experience within the company, having held several senior leadership positions, including Chief Commercial Officer and Group President of both the SAO and PEP business segments. His background before joining Carpenter Technology Corporation (NYSE:CRS) includes executive roles at Ametek & Alcoa, where he specialized in product leadership for the aerospace, defense, and energy markets. His tenure as COO since 2023 has been characterized by deep involvement in the company's strategic direction and operational execution. This leadership transition is designed to ensure continuity as the company seeks to build upon a decade of significant growth. The Board of Directors emphasized that Malloy's extensive knowledge of the business and track record of performance make him the appropriate choice to advance long-term objectives. Carpenter Technology Corporation (NYSE:CRS) manufactures, fabricates, and distributes specialty metals in the US, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments: Specialty Alloys Operations and Performance Engineered Products. While Penneco Pipeline Corp. acknowledge the potential of CRS as an investment, its conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see its free report on the best short-term AI stock.
Carpenter Technology Corp reported fiscal second-quarter profit of $105.3 million, or $2.33 per share when adjusted. The Philadelphia-based maker of stainless steels and special alloys beat Wall Street expectations, which had forecast earnings of $2.20 per share. However, the company posted revenue of $728 million, slightly missing analyst forecasts of $728.6 million. The earnings report demonstrates continued profitability for the specialised metals manufacturer despite falling marginally short on revenue targets.
Carpenter Technology Corp has amended and restated its credit facility, increasing revolving commitments to $500 million. The maturity date of the credit facility has been extended to the fifth anniversary of the amendment's closing.
Carpenter Technology priced $700,000,000 5.625% senior notes due 2034 via a 144A/Reg S offering, expected to close Nov 20, 2025; proceeds to redeem 2028 and 2030 notes.
Carpenter Technology Corporation (NYSE:CRS) has partnered with aerospace leaders such as Boeing to produce advanced 3D printing applications.