Carpenter Technology
CRSMarket price data through August 3, 2026.
Performance
Aug 2021 – Aug 2026
Track record
How this pick has done since Benson first called it.
- Benson Return
- +24%
- 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
- 2 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.
The case for and against
Both sides of the story, in plain English.
- Cheaper Debt
Carpenter just raised 700 million dollars in new bonds at a 5.625% interest rate. It is using that cash to pay off older borrowings that cost 6.375% and 7.625%, so the same debt now costs the company noticeably less every year.
- Breathing Room
The company also upgraded its credit line from 350 million dollars backed by collateral to 500 million dollars with no assets pledged, and it can tap up to 650 million dollars more if needed. The new bonds are not due until 2034 and the credit line runs to 2030.
- Cyclical Metals
Carpenter sells into aerospace, defense, medical, energy, and transportation, and all of those swing with customer budgets and build rates. Revenue grew only about 4% over the past year, so growth is far slower than the profit story suggests.
- Real Borrowings
Refinancing lowers the cost of debt, but it does not erase it. Carpenter still owes 700 million dollars, and those interest payments are due whether aerospace orders are booming or slowing.
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How to read this page
This automated research summary uses Financial Modeling Prep market data through 2026-08-03. Model signals, scores, and risk labels can change and may be incomplete or wrong.
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