Full-Time
Director Strategic Sourcing
MRO
Carpenter Technology
1,001-5,000 employees
High-performance alloys and titanium powders
No salary listed
Remote in USA + 1 more
More locations: Reading, PA, USA
Remote
Bachelor's, MBA
 Operations & Logistics (1) |
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- A bachelor's degree in Supply Chain Management, Engineering, Business Administration, Finance, or a related field is required.
- At least 8–12 years of progressive procurement and sourcing experience is required.
- Experience managing large and complex sourcing portfolios, preferably exceeding $200 million in annual spend, is required.
- Extensive experience sourcing MRO materials and consumables, maintenance engineering services, industrial service contracts, and capital equipment support and spare parts is required.
- Demonstrated success leading complex negotiations and strategic supplier partnerships is required.
- Strong financial, analytical, and contract management skills are required.
- Experience working within manufacturing, industrial, metals, aerospace, energy, chemical, or heavy industry environments is required.
- Develop and execute multi-year sourcing strategies for MRO materials, spare parts, original equipment manufacturer and aftermarket components, maintenance consumables, facility services, and maintenance engineering services.
- Lead complex sourcing initiatives including requests for information, requests for proposals, requests for quotations, electronic auctions, negotiations, and supplier selection processes.
- Identify opportunities to standardize specifications, consolidate spend, optimize supplier networks, and reduce total cost of ownership.
- Use spend analytics, market intelligence, benchmarking, and should-cost modeling to develop data-driven category strategies.
- Align sourcing strategies with plant reliability, production requirements, maintenance schedules, and operational objectives.
- Lead large-scale sourcing programs involving multi-year strategic agreements, global supplier selection, dual-sourcing and risk mitigation, and integrated service contracts and performance-based agreements.
- Drive measurable cost savings and cost avoidance through demand management, specification optimization, supplier consolidation, inventory optimization, vendor-managed inventory, and consignment programs.
- Develop and execute initiatives that improve working capital, productivity, and procurement return on investment.
- Build and manage strategic relationships with distributors, original equipment manufacturers, service providers, contractors, and engineering partners.
- Establish supplier performance scorecards focused on cost, quality, service, delivery, innovation, lead time, and risk management.
- Lead supplier reviews, corrective action programs, and continuous improvement initiatives.
- Evaluate supplier capabilities, financial health, geographic coverage, and business continuity preparedness.
- Deliver annual savings, cost avoidance, and value creation targets.
- Partner with Finance to validate, track, and report realized savings and procurement impact.
- Develop sourcing levers and commercial strategies that maximize long-term value creation.
- Ensure contract compliance, procurement governance, and adherence to company sourcing policies.
- Partner with Operations and Plant Leadership to support reliability and uptime objectives.
- Collaborate with Maintenance and Engineering teams to optimize spare parts strategies and maintenance service models.
- Work with Supply Chain teams to improve inventory performance and working capital efficiency.
- Partner with EHS and Legal teams to ensure contractor compliance and risk management standards are met.
- Serve as a trusted business advisor for strategic sourcing and supplier selection decisions.
- Drive sourcing process improvements and procurement best practices across sites and business units.
- Leverage enterprise resource planning, procurement, and analytics platforms to improve spend visibility and sourcing effectiveness.
- Champion digital procurement initiatives, supplier performance management tools, and automation opportunities.
- Promote preferred supplier programs and category management excellence.
- An MBA or advanced degree is preferred.
- Professional certifications such as Certified Professional in Supply Management, Certified Purchasing Manager, or Certified Supply Chain Professional are preferred.
- Experience with SAP, Coupa, Ariba, Oracle, or other large-scale procurement and enterprise resource planning platforms is preferred.
- Experience leading global sourcing initiatives and supplier transformation programs is preferred.
- Knowledge of reliability-centered maintenance, asset management practices, and maintenance operations is preferred.
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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Simplify's Take
What believers are saying
- Q4 fiscal 2026 operating income hit $206.9 million; management guided fiscal 2027 to $850-$880 million.
- Aerospace and defense sales grew 17% year-over-year, while industrial and consumer rose 19% sequentially.
- Management targets $1.2-$1.3 billion operating income by fiscal 2029, supported by share repurchases.
What critics are saying
- Brian Malloy died July 24, 2026, forcing Tony Thene back immediately, disrupting succession.
- Specialty Alloys depends heavily on aerospace and defense; customer ordering below demand rates signals volatility.
- Brownfield expansion execution through fiscal 2028 risks delays, overruns, or demand disappointment; failure would cap margins.
What makes Carpenter Technology unique
- Carpenter dominates specialty alloys for aerospace, defense, medical, and energy applications.
- Its superalloy and titanium powders support additive manufacturing customers with high switching costs.
- Long-term agreements and qualifications with aerospace primes create sticky, specification-driven demand.
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Benefits
Life Insurance
Health Insurance
Dental Insurance
Vision Insurance
Flexible Spending Accounts
Disability Insurance
401(k) with company contributions
Growth & Insights and Company News
6 month growth
↑ 9%1 year growth
↑ 9%2 year growth
↑ 9%Carpenter Technology reported record quarterly operating income of $206.9 million in Q4 2026, an 11% sequential increase. The specialty materials manufacturer achieved record adjusted operating margins of 37.8% in its Specialty Alloys Operations, marking 18 consecutive quarters of expansion. Aerospace and defence sales grew 17% year-over-year, whilst industrial and consumer sales rose 19% sequentially, driven by semiconductor fabrication investment. The company noted cautious ordering from some structural aerospace customers currently ordering below expected demand rates. For fiscal 2027, Carpenter projects operating income between $850 million and $880 million, representing 21% to 25% growth. The firm established a fiscal 2029 target of $1.2 billion to $1.3 billion in operating income. Tony Thene was reappointed CEO following Brian Malloy's passing. The company executed $179.1 million in share repurchases during fiscal 2026, with $119 million remaining under authorisation.
Brian Malloy, Carpenter Technology CEO, dies suddenly after 3 weeks. Published on 31 July 2026 at 12:25 am - Written by Chris Martin - Reading duration: 2 minutes · read 11 times Brian Malloy, the newly appointed CEO of Carpenter Technology Corporation, died suddenly on July 24, just three weeks after taking the helm of the Philadelphia-based specialty materials manufacturer on July 1. He was 59. Malloy's unexpected death prompted the company's board of directors to appoint Tony Thene, his predecessor and the firm's executive chairman, to return immediately as chief executive officer. Thene had led Carpenter Technology as CEO from 2015 through June 2026 before stepping back when Malloy was promoted. Carpenter Technology stock fell approximately 4 to 5 percent on Monday following the announcement, with shares trading around $575 to $580 after opening at $606. The decline reflected investor reaction to the sudden leadership transition at a company valued at roughly $3 billion annually. The company is a 137-year-old global leader in high-performance specialty alloys and materials used in aerospace, medical, defense, and industrial applications. Based in Philadelphia with approximately 4,500 employees and manufacturing facilities in Berks County, Pennsylvania, and Alabama, Carpenter Technology serves critical industries where material failure carries significant consequences. Malloy had joined Carpenter Technology in 2015, initially leading the company's titanium products and powdered metals unit. In 2023, he was promoted to chief operating officer before being named CEO in February 2026, with Thene transitioning to executive chairman. Before Carpenter, Malloy held executive positions at Ametek and Alcoa, and he held certifications in artificial intelligence from Northwestern University and digital transformation from MIT. The company had been performing strongly heading into the transition, with stock trading above $600 in recent weeks on expectations that Carpenter would benefit from increased U.S. military spending and new space orders. Malloy had been scheduled to report the company's recent financial results and discuss prospects in a conference call with investors on Thursday, which the board said would proceed as planned. Sources. * Philadelphia Inquirer - confirmed Malloy's appointment on July 1, death on July 24 at age 59, company size (4,500 employees), Carpenter's 137-year history, Philadelphia headquarters, and Thene's return as CEO * RTTNews - reported stock price decline of 4.75 percent to $575.03 on Monday, opening price of $606.31, and Thene's appointment to return as CEO effective immediately * Carpenter Technology investor relations - confirmed Malloy's sudden and unexpected death on July 24 and Thene's return to CEO role * Multiple business outlets (NY Post, People, Daily Beast, MarketWatch) - corroborated the three-week tenure, July 24 death date, age 59, and Thene's succession Give your feedback. Chris Martin is a US economics and current affairs journalist covering the intersection of policy, markets, and everyday financial life. With a background in financial reporting and a sharp eye for the stories behind the numbers, Chris brings clarity to some of the most complex issues shaping the American economy today. At ECIKS.org, Chris covers breaking developments across domestic economic policy, business strategy, Wall Street movements, and political decisions that ripple through financial markets. His reporting blends rigorous data analysis with accessible storytelling making critical information useful for investors, entrepreneurs, and engaged citizens alike. ECIKS.org is an independent media. Support ECIKS by adding ECIKS to your Google News favorites:
Carpenter Technology Corp reported record operating income of $206.9 million in Q4 2026, up 37% year-over-year and 11% sequentially. The company's SAO segment achieved a record adjusted operating margin of 37.8%, marking its 18th consecutive quarter of margin expansion. Revenue for the SAO segment reached $607.4 million, up 11% year-over-year. Gross profit increased 26% year-over-year to $268.9 million. Diluted earnings per share came to $3.23. The company generated $240.1 million in cash from operating activities during the quarter and $605 million for the full fiscal year. Adjusted free cash flow totalled $155 million in Q4. Management provided guidance for fiscal 2027, expecting operating income between $850 million and $880 million.
Carpenter Technology, a Philadelphia-based specialty metals manufacturer, has emerged as a key supplier in SpaceX's supply chain, with its shares surging 130% over the past year to a market cap of nearly $28 billion. The company, headquartered at 1735 Market Street, produces materials used in SpaceX spacecraft, including niobium metal for rocket engine components that withstand extreme temperatures. Founded in Reading in 1889, Carpenter manufactures titanium alloys, superalloys and specialty metals for aerospace applications. The company supplies major manufacturers including Rolls-Royce, Pratt & Whitney and GE Aerospace, with operations in Reading and Latrobe employing roughly 5,000 people. Carpenter's aerospace materials have supported space missions since the Apollo era. As SpaceX expands following its blockbuster IPO, analysts view Carpenter as a way for investors to access the space industry's growth.
Carpenter's Specialty Alloys division delivers best ever quarterly operating performance. PHILADELPHIA, Pa. - Carpenter Technology has been on a good run over the past several years. Not only are its operating earnings consistently rising but it also beats analysts' consensus on a regular basis. This morning Carpenter, which was founded in Reading and still has substantial manufacturing assets there, reported sales and earnings that again topped Wall Street expectations. And although the company's stock was down 5.5% mid-morning, analysts at Zacks Equity Research believe this is simply an adjustment for an excellent company that has recently become over-valued and was trading near its 52-week high. Carpenter said the Specialty Alloys Operations (SAO) segment drove the results, delivering $208.0 million of operating income in the quarter and expanding adjusted operating margins to 35.6 percent, both significant increases over the previous quarter. The company explained margin expansion was driven by a combination of continued productivity gains, pricing across both long-term and transactional business, and improved product mix. According to Carpenter, these factors enabled SAO to deliver its strongest quarterly operating performance to date. Management Observations "The third quarter of fiscal year 2026 represents yet another record setting quarter." said Tony R. Thene, Chairman and CEO of Carpenter Technology in a written statement. "Increasing operating income 20 percent sequentially, over what was a record quarter in a market that is accelerating, speaks to our focus on industry leading execution. The profitability improvement was accompanied by meaningful cash generation, reflecting higher earnings and continued discipline in working capital management." Thene observed that looking ahead, demand in the company's Aerospace and Defense end-use market continues to accelerate as customers gain confidence in higher build rates. As a result, Thene commented Carpenter saw sequential growth in bookings for the commercial aerospace structural sub-market during the quarter. He also pointed out structural demand is closely tied to new production activity and is a clear indication of growing confidence in the aerospace supply chain. And as customers prioritize security of supply for these critical applications, Thene said Carpenter continues to advance long-term agreements that support volume visibility and pricing consistency, reinforcing its outlook for sustained growth. The company Increased its adjusted free cash flow outlook to approximately $350 million in fiscal year 2026, and executed $57.2 million in share repurchases against a $400.0 million share repurchase program. Thene noted. Thene announced the company was raising its operating income and adjusted free cash flow expectations for fiscal year 2026. He projected operating income to be in the range of $700 million to $705 million, and adjusted free cash flow to be approximately $350 million. Thene continued to say, "Carpenter Technology just delivered record earnings at a time when the Aerospace and Defense end-use market is at the beginning of the growth cycle. With demand accelerating, we believe Carpenter Technology is well positioned to deliver sustained performance and continue to generate long-term value." Third Quarter Operating Results Carpenter reported net sales for the third quarter of fiscal year 2026 were $811.5 million, compared with $727.0 million in the third quarter of fiscal year 2025, an increase of 12 %. Net sales excluding surcharge were $655.6 million for the current quarter, an increase of $58.6 million from the same period a year ago. Operating income for the third quarter of fiscal year 2026 was $186.5 million compared to operating income of $137.8 million in the prior year period. Earnings per diluted share for the third quarter of fiscal year 2026 were $2.77 compared to earnings of $1.88 per diluted share in the prior year third quarter. Cash provided from operating activities in the third quarter of fiscal year 2026, Carpenter reported, was $193.5 million, compared to $74.2 million in the same quarter last year. Adjusted free cash flow in the third quarter of fiscal year 2026 was $124.8 million, compared to $34.0 million in the same quarter last year. Carpenter explained that the increase in operating cash flow in the third quarter of fiscal year 2026 reflects higher earnings and improvements in working capital. The improvement in adjusted free cash flow reflects higher operating cash flow partially offset by increased capital expenditures compared to the prior year period, namely from its brownfield expansion. Capital expenditure was $68.7 million in the third quarter of fiscal year 2026 compared to $40.2 million in the same quarter last year. The company reported total liquidity, including cash and available revolver balance, was $793.8 million at the end of the third quarter of fiscal year 2026. This consisted of $294.8 million cash and $499.0 million of available borrowings under the company's credit facility. About Carpenter Technology Carpenter Technology Corporation (NYSE: CRS) makes high-performance specialty alloy-based materials and process solutions for applications in the aerospace, defense, medical, transportation, energy, industrial, and consumer electronics markets. Founded in 1889, Carpenter Technology has evolved to specialize in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing processes and soft magnetics applications.