Business UpdateAug 12, 2026, 04:48 PM
Carpenter Technology Details Specialty Alloys Business, Risks in 10-K
AI Summary
Carpenter Technology Corporation filed its annual 10-K report, detailing its business as a manufacturer and distributor of premium specialty alloys across two segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). The report highlighted $27.7 million in R&D expenditures and $18.7 million in environmental operating costs for fiscal year 2026, alongside international sales of $1,300.0 million. The company also outlined various risk factors, including cyclical demand, raw material volatility, and cybersecurity threats, and noted its workforce of approximately 4,500 employees.
Key Highlights
- Company reported $27.7 million in R&D expenditures for fiscal year 2026.
- Operating costs for environmental control equipment were $18.7 million in fiscal year 2026.
- International sales reached $1,300.0 million in fiscal year 2026.
- Total workforce consisted of approximately 4,500 employees as of June 30, 2026.
- LIFO inventory valuation was $432.6 million lower than FIFO as of June 30, 2026.
- 615 production employees are covered by collective bargaining agreements expiring in 2027 and 2029.
Price Impact
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