Carpenter Technology
CRSMarket price data through November 12, 2026.
Performance
Nov 2021 – Nov 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- -32%
- How much this stock is up since Benson first picked it — measured from the price at the time of that first pick, not from today.
- First pick price
- ~$438
- Roughly what one share cost when Benson first picked this stock. This is the starting line for the Benson Return.
- Tracking since
- May 2026
- The month this stock first became a Benson pick.
- Tracking duration
- 5 months
- How long Benson has been tracking this pick.
About Carpenter Technology
Carpenter Technology makes specialty metals like nickel, cobalt, and titanium alloys for jet engines, defense systems, and medical devices. Founded in 1889, it is not a household name, but its materials end up in parts where failure is not an option. Today about two thirds of its sales come from aerospace and defense.
The case for and against
Both sides of the story, in plain English.
- Record Profit Run
Carpenter made 196 million dollars in operating profit this quarter. That is up 28% from a year ago and a record for its first quarter. Sales rose about 9% to 798 million dollars, and profit per share climbed from $2.43 to $3.25 as demand for jet engine metal let the company charge more.
- Orders Taking Off
As airplane makers speed up production, new orders from key aerospace customers jumped 49% from a year ago. Carpenter now expects 850 to 880 million dollars in operating profit this year, up 21% to 25% from last year's record. It also approved a new 1 billion dollar plan to buy back its own shares.
- Riding on Airplanes
Aerospace and defense now make up 67% of Carpenter's sales, so a slowdown in jet building would hit hard. Some other areas are already weak. Medical sales fell 16% and energy sales dropped 23% from a year ago.
- Cash Flow Dip
Carpenter brought in about 53 million dollars of cash from running the business this quarter but spent about 78 million dollars on equipment, so more cash went out than came in. It still expects 400 to 430 million dollars in spare cash for the full year, so the rest of the year has to deliver.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-11-12. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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