CARPENTER TECHNOLOGY CORP

Carpenter Technology Corporation, founded in 1889, manufactures, fabricates, and distributes specialty metals. The company produces and distributes premium specialty alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels. Carpenter Technology is a leader in high-performance specialty alloy-based materials and process solutions for critical applications across the aerospace, defense, medical, transportation, energy, industrial, and consumer markets. The company specializes in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys engineered for additive manufacturing processes and soft magnetics applications. The company is organized into two reportable business segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). The SAO segment encompasses the company's major premium alloy and stainless steel manufacturing operations, primarily located in Reading and Latrobe, Pennsylvania, and surrounding areas, as well as South Carolina and Alabama. The PEP segment includes the company's differentiated operations, such as the Dynamet titanium business, the Carpenter Additive business, and the Latrobe and Mexico distribution businesses. Carpenter Technology's operations depend on critical raw materials including nickel, cobalt, chromium, manganese, molybdenum, titanium, iron, and scrap containing these alloys.