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Carpenter Technology

High-performance alloys and titanium powders

Engineer 1 - Manufacturing Process

Full-Time
No salary listed
Entry
Bachelor's, Associate's
Tanner, AL, USA
In Person
Manufacturing & Process EngineeringProcess Engineering

About the job

Requirements
  • A two-year college degree with at least one year of engineering support experience.
  • Basic knowledge of theories, practices, and procedures in a function.
  • Knowledge of existing manufacturing systems, including computer systems, steel-making processes, material flow and handling schemes, quality systems, and process-control techniques.
  • Ability to organize and prioritize tasks and make appropriate decisions.
  • Ability to perform assignments with limited exercise of judgment under the direct supervision of a higher-level engineer, supervisor, or manager.
  • Ability to operate a computer workstation and the appropriate software and hardware.
  • Ability to work in a production-oriented environment, train and develop others, and work under frequently changing priorities and deadlines.
  • Verbal and written communication skills.
  • Problem-solving skills.
  • Project-management skills.
Responsibilities
  • Provide support in the upgrade, rebuild, installation, and start-up of process equipment.
  • Support implementation of solutions to equipment safety issues.
  • Provide technical assistance and act as an interface on process, product, and maintenance problems.
  • Interact with outside resources, including contractors, equipment vendors, and supply vendors, for assigned projects.
  • Work within and assist in developing appropriate standards, specifications, and procedures, including those required for production, technical, safety, and environmental activities.
  • Contribute to overall equipment effectiveness (OEE) improvement activities.
  • Perform other duties and special projects as assigned.
Desired Qualifications
  • A four-year college degree in a Mechanical Engineering discipline.
  • Excellent written and verbal communication skills, organization, and the ability to prioritize tasks and make appropriate decisions.
  • Willingness to work in a fast-paced, ever-changing work environment.

About the company

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

Philadelphia, Pennsylvania

Founded

1889

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Simplify's Take

What believers are saying

  • Fiscal 2026 operating income hit $702 million; FY2027 guidance reached $880 million.
  • August 2026 board authorization added $1 billion for buybacks after repurchasing $179.1 million.
  • Semiconductor, energy, and aerospace bookings strengthened in 2026, supporting volume, pricing, and mix.

What critics are saying

  • Brian Malloy's July 2026 death revived Tony Thene, exposing leadership continuity risk.
  • Aerospace demand concentration makes Boeing or Airbus production cuts hit 2027 cash flow fast.
  • Brownfield expansion must hit early FY2028; delays would cap the FY2029 $1.3 billion target.

What makes Carpenter Technology unique

  • Carpenter dominates nickel superalloys, titanium, and powder metallurgy for aerospace and defense.
  • Its SAO segment delivered 37.8% margins in Q4 2026, a records streak.
  • Long-term agreements and qualification barriers lock in customers like Boeing, Airbus, and Pratt.

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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

12%

1 year growth

9%

2 year growth

9%
Yahoo Finance
Oct 25th, 2026
Carpenter Technology stock plunges 24.5% as $798.2M revenue misses estimates

Carpenter Technology shares fell 24.5% this week after the specialty metals maker missed Wall Street revenue forecasts, overshadowing an earnings beat. The stock closed at $292.26 on Friday, October 23, and is 54.5% below its 52-week high of $625.99. First-quarter fiscal 2027 sales rose 8.8% year over year to $798.2 million, short of the $830.8 million analysts expected. Diluted earnings per share were $3.25, beating the $3.04 forecast. Chief executive officer Tony R. Thene blamed the sequential sales decline on planned maintenance outages. Order bookings across aerospace structural and distribution sub-markets jumped 49% year over year. The company reaffirmed its full-year operating income guidance of $850 million to $880 million and authorised a new $1 billion share buyback programme. Carpenter reports its next quarterly results on February 4, 2027.

Yahoo Finance
Oct 22nd, 2026
Carpenter Technology posts record Q1 operating income of $196.4M, up 28%, and targets $1.2B–$1.3B by FY2029

Carpenter Technology posted record first-quarter operating income of $196.4 million, up 28% year over year, in results released October 22, 2026. Gross profit rose 18% to $256.3 million, and diluted earnings per share were $3.25. Net sales excluding surcharge rose 5% year over year but fell 7% from the previous quarter because of planned maintenance outages. Commercial aerospace bookings climbed 25% year over year. Free cash flow was negative $24.8 million, hit by capital spending and a build in working capital. The company bought back $133.9 million of shares and kept its full-year free cash flow outlook of $400 million to $430 million. It targets operating income of about $1.2 billion to $1.3 billion by fiscal 2029, and expects second-quarter operating income of $192 million to $197 million.

Associated Press
Oct 22nd, 2026
Law firm probes Carpenter Technology after 20.62% share plunge on $798.2M revenue miss

The Law Offices of Frank R. Cruz is investigating potential securities fraud claims for investors in Carpenter Technology Corporation (NYSE: CRS) after its shares fell 20.62% on October 22, 2026. The firm is examining whether the company violated federal securities laws. Carpenter Technology reported first quarter 2027 revenue of $798.2 million, which missed consensus by $32.49 million. Operating income at its Specialty Alloys Operations segment was $216.3 million, down 6% sequentially and below the company's guidance. The firm said it will look at whether investors had complete and accurate information before the disclosure. It stressed that this is an investigation, not a lawsuit. Investors who lost money can contact the firm by email at [email protected] or by phone on 310-914-5007.

Yahoo Finance
Oct 22nd, 2026
Carpenter Technology shares plunge 22% despite record $798.5M sales and earnings beat

Shares of Carpenter Technology (NYSE:CRS) fell 22.2% on Thursday after the Philadelphia-based specialty metals company reported mixed fiscal first-quarter results. Earnings of $3.25 per share beat analyst forecasts of $3.04. Sales of $798.5 million missed the $830.8 million forecast, though they rose 28% year over year to a company record. Carpenter generated no free cash flow, burning nearly $25 million on higher capital spending, including expanding a factory. The stock also trades at 32 times trailing earnings, giving a PEG ratio of 1.5, which suggests it may be overpriced. Chief executive officer Tony Thene said aerospace bookings for future shipments rose 49%.

Yahoo Finance
Oct 22nd, 2026
Carpenter Technology posts record $196.4M operating income, launches $1B buyback

Carpenter Technology (NYSE:CRS) reported record operating income of $196.4 million for its fiscal first quarter ended September 30, up 28% from a year earlier. Sales excluding surcharges rose 5% to $656.5 million, despite planned maintenance outages. Aerospace demand strengthened. Bookings from distribution and structural customers rose 49% year over year, and engine bookings rose 22%. Chief executive officer Tony Thene said his outlook on demand and pricing is stronger than a quarter ago, though defense orders remain held back by funding delays. For the second quarter, Carpenter expects operating income of $192 million to $197 million. It kept its fiscal 2027 free-cash-flow target of $400 million to $430 million. The company also launched a new $1 billion share-repurchase programme after completing its prior $400 million authorisation.