Carpenter Technology Corporation

NYSE CRS

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Carpenter Technology Corporation Return on Tangible Equity (ROTE) 5 year CAGR for the quarter ending March 31, 2024: -35.19%

Carpenter Technology Corporation Return on Tangible Equity (ROTE) 5 year CAGR is -35.19% for the quarter ending March 31, 2024, a -268.45% change year over year. Return on tangible equity measures the profitability of a company relative to its tangible equity, which is shareholders' equity minus goodwill and intangible assets. It is calculated by dividing the net income by the tangible equity. This ratio indicates the return generated for each unit of tangible equity invested by the shareholders. A higher return on tangible equity suggests better profitability and value creation for the shareholders' tangible investment. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Carpenter Technology Corporation Return on Tangible Equity (ROTE) for the quarter ending March 31, 2023 was 1.76%, a 350.96% change year over year.
Carpenter Technology Corporation Return on Tangible Equity (ROTE) for the quarter ending March 31, 2022 was -0.70%, a 81.02% change year over year.
Carpenter Technology Corporation Return on Tangible Equity (ROTE) for the quarter ending March 31, 2021 was -3.70%, a -214.23% change year over year.
Carpenter Technology Corporation Return on Tangible Equity (ROTE) for the quarter ending March 31, 2020 was 3.24%, a -26.47% change year over year.

NYSE: CRS

Carpenter Technology Corporation

CEO	Mr. Tony R. Thene
IPO Date	Nov. 5, 1987
Location	United States
Headquarters	1735 Market Street, Philadelphia, PA, United States, 19103
Employees	4,500
Sector	Industrials
Industry	Metal fabrication

Description

Carpenter Technology Corporation engages in the manufacture, fabrication, and distribution of specialty metals in the United States, Europe, the Asia Pacific, Mexico, Canada, and internationally. It operates in two segments, Specialty Alloys Operations and Performance Engineered Products. The company offers specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels, as well as additives, and metal powders and parts. It serves to aerospace, defense, medical, transportation, energy, industrial, and consumer markets. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.

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