Carpenter Technology declares quarterly dividend of $0.20 per share.

Carpenter Technology Corporation's Board of Directors declared a quarterly cash dividend of $0.20 per share, payable September 4, 2025, to shareholders of record on August 26, 2025. The company is a recognized leader in high-performance specialty alloy materials and process solutions for critical applications in the aerospace and defense, medical, and other markets.

Carpenter Technology Corporation, a leading producer and distributor of specialty alloys, has declared a quarterly cash dividend of $0.20 per share, payable on September 4, 2025, to shareholders of record on August 26, 2025. This dividend is part of the company's ongoing commitment to shareholder returns and financial stability.

The announcement follows Carpenter Technology's strong financial performance in fiscal year 2025, as detailed in its annual 10-K report. The company reported a net sales increase of 4% to $2,877.1 million, driven by price increases and stronger product demand in the Aerospace and Defense and Energy markets. Gross profit rose to $768.6 million, or 26.7% of net sales, up from $584.3 million, or 21.2% of net sales in fiscal year 2024, reflecting improved product mix and operational efficiencies.

In addition to the dividend announcement, Carpenter Technology has made significant leadership changes. Tony R. Thene, the current President and CEO, has been elected Chairman of the Board, succeeding I. Martin Inglis, who will not seek reelection. Brian Malloy, the Senior Vice President and Chief Operating Officer, has been promoted to President and COO. Steven M. Ward has been elected as Lead Independent Director, enhancing the board's governance. These changes reflect the company's commitment to continuity in leadership and effective governance.

Despite these positive developments, Carpenter Technology faces several challenges. The company operates in a highly competitive industry, subject to risks related to raw material supply, cyclical demand, and geopolitical factors. Additionally, the company's expansion projects, such as the brownfield expansion project in Athens, Alabama, may face delays or cost overruns.

Carpenter Technology's strong financial position and continued focus on operational efficiency and strategic growth initiatives position it well to navigate these challenges. The company's robust liquidity, with a total liquidity of $664.4 million, including cash and cash equivalents of $315.5 million and available borrowing capacity of $348.9 million, provides a solid foundation for future growth.

References:
[1] https://www.tradingview.com/news/tradingview:9bcd403d75478:0-carpenter-technology-corp-sec-10-k-report/
[2] https://www.quiverquant.com/news/Carpenter+Technology+Corporation+Announces+Leadership+Succession+for+Board+of+Directors