Market Summary
USD64.50-2.08
Market Closed-3.12%
CRS Stock Price
CRS RSI Chart
CRS Valuation
CRS Price/Sales (Trailing)
CRS Profitability
CRS Fundamentals
CRS Revenue
CRS Earnings
Price Action
52 Week Range
32.6771.19
(Low)(High)
Last 7 days
-4.5%
Last 30 days
3.5%
Last 90 days
18.3%
Trailing 12 Months
115.0%
CRS Financial Health
CRS Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for CRS
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-09-20 | KAROL STEVEN E | acquired | 72,785 | 59.32 | 1,227 | - |
2023-09-20 | KAROL STEVEN E | sold | -84,663 | 69.00 | -1,227 | - |
2023-09-19 | Thene Tony R | sold (taxes) | -16,019,400 | 68.06 | -235,371 | president and ceo |
2023-09-19 | LAIN TIMOTHY | acquired | 1,723,290 | 38.6925 | 44,538 | svp and cfo |
2023-09-19 | LAIN TIMOTHY | sold (taxes) | -2,279,130 | 68.06 | -33,487 | svp and cfo |
2023-09-19 | DEE JAMES D | acquired | 3,099,500 | 38.7791 | 79,927 | svp gen counsel and secretary |
2023-09-19 | Thene Tony R | acquired | 12,029,200 | 38.8817 | 309,379 | president and ceo |
2023-09-19 | DEE JAMES D | sold (taxes) | -4,298,330 | 68.06 | -63,155 | svp gen counsel and secretary |
2023-09-13 | AKINS MARSHALL D | acquired | 62,735 | 41.8237 | 1,500 | vp chief commercial officer |
2023-09-13 | AKINS MARSHALL D | sold | -97,500 | 65.00 | -1,500 | vp chief commercial officer |
Which funds bought or sold CRS recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | reduced | -5.82 | 217,000 | 1,417,000 | -% |
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 1,137 | 5,613 | -% |
2023-08-22 | COMERICA BANK | new | - | 36,000 | 36,000 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 5.85 | 211,000 | 859,000 | 0.01% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.68 | 595,304 | 3,296,120 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -5.2 | 83,217 | 521,208 | -% |
2023-08-16 | Nuveen Asset Management, LLC | added | 102 | 14,080,000 | 23,192,000 | 0.01% |
2023-08-15 | Parkside Financial Bank & Trust | unchanged | - | 2,115 | 10,441 | -% |
2023-08-15 | CAPTRUST FINANCIAL ADVISORS | added | 591 | 1,642,450 | 1,856,440 | 0.01% |
2023-08-15 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | reduced | -14.81 | 5,000 | 71,000 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Carpenter Tech
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | price t rowe associates inc /md/ | 0.2% | 74,329 | SC 13G/A | |
| Feb 14, 2023 | alliancebernstein l.p. | 0.2% | 72,871 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 11.89% | 5,761,256 | SC 13G/A | |
| Feb 06, 2023 | state street corp | 5.04% | 2,441,874 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 16.7% | 8,112,387 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 16.7% | 8,112,387 | SC 13G/A | |
| Feb 14, 2022 | alliancebernstein l.p. | 8.1% | 3,900,136 | SC 13G/A | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 5.1% | 2,491,340 | SC 13G/A | |
| Feb 10, 2022 | state street corp | 5.14% | 2,475,029 | SC 13G/A | |
| Feb 09, 2022 | vanguard group inc | 11.19% | 5,390,125 | SC 13G/A |
Recent SEC filings of Carpenter Tech
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 21, 2023 | 4 | Insider Trading | |
| Sep 21, 2023 | 4 | Insider Trading | |
| Sep 21, 2023 | 4 | Insider Trading | |
| Sep 21, 2023 | 4 | Insider Trading | |
| Sep 20, 2023 | 144 | Notice of Insider Sale Intent | |
| Sep 15, 2023 | 4 | Insider Trading | |
| Sep 15, 2023 | ARS | ARS | |
| Sep 15, 2023 | DEF 14A | DEF 14A | |
| Sep 13, 2023 | 144 | Notice of Insider Sale Intent | |
| Aug 21, 2023 | 4 | Insider Trading |
Peers (Alternatives to Carpenter Tech)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
SCCO | 57.2B | 10.1B | -9.97% | 66.49% | 20.48 | 5.68 | -4.76% | -4.71% |
FCX | 52.5B | 21.9B | -11.69% | 34.77% | 15.84 | 2.4 | -9.80% | -44.93% |
NUE | 38.7B | 37.5B | -10.31% | 44.67% | 6.98 | 1.03 | -12.82% | -38.59% |
NEM | 28.3B | 11.2B | -9.61% | -15.44% | -37.27 | 2.52 | -9.46% | -195.71% |
STLD | 17.7B | 20.5B | -0.92% | 49.84% | 5.87 | 0.86 | -7.79% | -31.70% |
| MID-CAP | ||||||||
CLF | 8.0B | 22.0B | 1.29% | 16.63% | 29.06 | 0.36 | -9.91% | -92.35% |
CMC | 5.7B | 9.0B | -15.80% | 37.30% | 5.88 | 0.63 | 5.39% | -10.80% |
ATI | 5.3B | 4.1B | -11.38% | 53.63% | 18.5 | 1.27 | 25.63% | 2307.63% |
CRS | 3.2B | 3.6B | 3.50% | 114.99% | 57.41 | 0.89 | 97.59% | 214.87% |
WOR | 3.0B | 4.9B | -19.58% | 62.03% | 11.72 | 0.61 | -6.22% | -32.38% |
X | - | 19.0B | 5.57% | 82.46% | - | - | -17.70% | -72.82% |
| SMALL-CAP | ||||||||
SXC | 838.5M | 2.1B | 2.38% | 72.06% | 9.33 | 0.41 | 22.68% | 8.05% |
HAYN | 572.7M | 573.2M | -7.64% | 28.08% | 12.67 | 1 | 29.70% | 44.33% |
TMST | - | 1.2B | -2.75% | 44.03% | - | - | -14.31% | -101.46% |
USAP | 109.5M | 237.3M | -11.11% | 69.66% | -23.61 | 0.46 | 31.74% | -244.40% |
Carpenter Tech News
Returns for CRS
Cumulative Returns on CRS
3.0%
10-Year Cumulative Returns
9.4%
7-Year Cumulative Returns
4.4%
5-Year Cumulative Returns
55.2%
3-Year Cumulative Returns
Risks for CRS
What is the probability of a big loss on CRS?
100%
Probability that Carpenter Tech stock will be more than 20% underwater in next one year
76.2%
Probability that Carpenter Tech stock will be more than 30% underwater in next one year.
45.4%
Probability that Carpenter Tech stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does CRS drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Carpenter Tech was unfortunately bought at previous high price.
Drawdowns
Financials for Carpenter Tech
Income Statement (Last 12 Months)(In Thousands)
| Income Statement (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 54.0% | 3,628,400 | 2,355,800 | 2,154,700 | 1,971,600 | 1,836,300 | 1,694,200 | 1,557,100 | 1,509,900 | 1,475,600 | 1,491,300 | 1,724,800 | 1,949,000 | 2,181,100 | 2,385,200 | 2,409,700 | 2,393,200 | 2,380,200 | 2,356,800 | 2,319,100 | 2,250,400 | 2,157,800 |
| Gross Profit | 16.2% | 337,300 | 290,300 | 236,300 | 179,400 | 149,800 | 56,500 | 29,800 | 22,700 | 1,000 | 17,000 | 113,700 | 220,300 | 329,400 | 457,600 | 471,300 | 465,700 | 444,800 | 436,800 | 409,700 | 388,400 | 382,300 |
| S&GA Expenses | 4.5% | 204,200 | 195,500 | 179,700 | 176,900 | 174,700 | 175,200 | 184,600 | 182,200 | 180,200 | 174,300 | 177,300 | 190,400 | 201,000 | 214,000 | 213,200 | 209,500 | 203,400 | 203,200 | 203,500 | 196,200 | 193,000 |
| EBITDA | -100.0% | - | 213,300 | 178,100 | 132,800 | 113,200 | 23,700 | -28,700 | -95,700 | -141,600 | -216,300 | -114,000 | 31,400 | 149,800 | 361,300 | 381,200 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.09* | 0.08* | 0.07* | 0.06* | 0.01* | -0.02* | -0.06* | -0.10* | -0.15* | -0.07* | 0.02* | 0.07* | 0.15* | 0.16* | - | - | - | - | - | - |
| Interest Expenses | 1.1% | 54,100 | 53,500 | 50,200 | 47,300 | 44,900 | 40,700 | 38,400 | 36,200 | 32,700 | 27,700 | 23,700 | 21,100 | 19,800 | 21,300 | 23,500 | 25,200 | 26,000 | 26,700 | 27,100 | 27,400 | 28,300 |
| Earnings Before Taxes | 147.4% | 72,500 | 29,300 | -3,000 | -45,700 | -63,100 | -147,500 | -196,400 | -257,000 | -297,900 | -367,200 | -260,100 | -114,000 | 6,100 | 217,100 | 235,200 | 229,900 | 216,000 | 207,100 | 176,800 | 165,300 | 160,200 |
| EBT Margin | -100.0% | - | 0.01* | 0.00* | -0.02* | -0.03* | -0.09* | -0.13* | -0.17* | -0.20* | -0.25* | -0.15* | -0.06* | 0.00* | 0.09* | 0.10* | - | - | - | - | - | - |
| Net Income | 175.1% | 56,400 | 20,500 | -5,600 | -41,200 | -49,100 | -108,800 | -141,800 | -197,300 | -229,600 | -290,900 | -210,500 | -86,800 | 1,500 | 168,800 | 180,000 | 176,700 | 167,000 | 160,900 | 140,000 | 196,600 | 188,500 |
| Net Income Margin | -100.0% | - | 0.01* | 0.00* | -0.02* | -0.03* | -0.06* | -0.09* | -0.13* | -0.16* | -0.20* | -0.12* | -0.04* | 0.00* | 0.07* | 0.07* | - | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -53,200 | -22,200 | -25,000 | 6,000 | -26,400 | -57,900 | 115,000 | 250,000 | 312,300 | 380,800 | 319,100 | 231,800 | 270,100 | 207,800 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | -1.3% | 3,054 | 3,094 | 3,057 | 2,940 | 2,932 | 3,230 | 2,880 | 2,960 | 2,971 | 3,011 | 3,044 | 3,129 | 3,227 | 3,429 | 3,404 | 3,342 | 3,188 | 3,240 | 3,162 | 3,008 | 3,007 |
| Current Assets | -3.8% | 1,282 | 1,333 | 1,283 | 1,152 | 1,119 | 1,400 | 1,044 | 1,127 | 1,117 | 1,150 | 1,153 | 1,188 | 1,266 | 1,377 | 1,358 | 1,310 | 1,236 | 1,309 | 1,261 | 1,188 | 1,179 |
| Cash Equivalents | 99.6% | 45.00 | 22.00 | 20.00 | 53.00 | 154 | 394 | 97.00 | 213 | 287 | 244 | 271 | 219 | 193 | 93.00 | 30.00 | 25.00 | 27.00 | 19.00 | 29.00 | 17.00 | 56.00 |
| Inventory | -10.0% | 640 | 710 | 723 | 616 | 496 | 527 | 535 | 491 | 426 | 536 | 565 | 634 | 724 | 869 | 897 | 838 | 788 | 861 | 844 | 741 | 689 |
| Net PPE | 0.0% | 1,384 | 1,384 | 1,391 | 1,402 | 1,421 | 1,426 | 1,430 | 1,441 | 1,458 | 1,307 | 1,326 | 1,334 | 1,498 | 1,395 | 1,386 | 1,380 | 1,366 | 1,351 | 1,336 | 1,317 | 1,313 |
| Goodwill | 0% | 241 | 241 | 241 | 241 | 241 | 241 | 241 | 241 | 241 | 241 | 241 | 292 | 290 | 325 | 329 | 325 | 326 | 328 | 337 | 269 | 269 |
| Liabilities | -6.2% | 1,658 | 1,767 | 1,735 | 1,633 | 1,602 | 1,883 | 1,547 | 1,592 | 1,579 | 1,630 | 1,711 | 1,721 | 1,782 | 1,811 | 1,800 | 1,765 | 1,668 | 1,683 | 1,656 | 1,517 | 1,521 |
| Current Liabilities | -15.6% | 459 | 544 | 510 | 411 | 376 | 634 | 294 | 332 | 306 | 269 | 266 | 265 | 452 | 516 | 499 | 467 | 416 | 517 | 498 | 363 | 363 |
| Short Term Borrowings | -100.0% | - | 109 | 81.00 | - | - | - | - | - | - | - | - | - | 170 | 170 | 119 | 78.00 | 20.00 | 127 | 101 | - | - |
| LT Debt, Current | - | - | - | - | - | - | 300 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| LT Debt, Non Current | 0.0% | 693 | 693 | 692 | 692 | 692 | 691 | 695 | 695 | 695 | 694 | 694 | 694 | 552 | 552 | 551 | 551 | 551 | 549 | 548 | 546 | 546 |
| Shareholder's Equity | 5.2% | 1,396 | 1,327 | 1,321 | 1,307 | 1,331 | 1,347 | 1,333 | 1,368 | 1,392 | 1,381 | 1,333 | 1,408 | 1,446 | 1,619 | 1,603 | 1,577 | 1,520 | 1,558 | 1,506 | 1,491 | 1,486 |
| Retained Earnings | 2.4% | 1,228 | 1,200 | 1,191 | 1,194 | 1,211 | 1,218 | 1,236 | 1,275 | 1,299 | 1,366 | 1,417 | 1,511 | 1,568 | 1,696 | 1,666 | 1,637 | 1,605 | 1,566 | 1,525 | 1,499 | 1,476 |
| Additional Paid-In Capital | 2.7% | 328 | 320 | 315 | 314 | 320 | 319 | 316 | 316 | 323 | 319 | 317 | 316 | 321 | 326 | 322 | 318 | 320 | 320 | 315 | 310 | 310 |
| Shares Outstanding | 0.2% | 49.00 | 49.00 | 49.00 | 48.00 | 48.00 | 49.00 | 49.00 | 49.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 48.00 | 47.00 | 48.00 | 48.00 | 48.00 | 47.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 127.6% | 15.00 | -53.20 | -22.20 | -25.00 | 6.00 | -26.40 | -57.90 | 115 | 250 | 312 | 381 | 319 | 232 | 270 | 208 | 224 | 232 | 176 | 239 | 226 | 209 |
| Share Based Compensation | 30.2% | 16.00 | 13.00 | 12.00 | 12.00 | 11.00 | 11.00 | 11.00 | 11.00 | 10.00 | 6.00 | 8.00 | 10.00 | 11.00 | 17.00 | 18.00 | 19.00 | 18.00 | 18.00 | 18.00 | 16.00 | 18.00 |
| Cashflow From Investing | 1.9% | -82.30 | -83.90 | -88.50 | -88.20 | -89.10 | -78.70 | -72.10 | -77.60 | -78.90 | -84.40 | -115 | -139 | -171 | -193 | -181 | -253 | -244 | -248 | -241 | -149 | -139 |
| Cashflow From Financing | 83.2% | -40.10 | -238 | 28.00 | -53.00 | -52.80 | 253 | -43.40 | -43.20 | -76.10 | -76.50 | -24.00 | 19.00 | 108 | 1.00 | -23.70 | 34.00 | -19.40 | 41.00 | 7.00 | -85.30 | -78.90 |
| Dividend Payments | 0.3% | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 39.00 | 38.00 | 37.00 | 35.00 | 34.00 |
| Buy Backs | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
CRS Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Millions, $ in Millions | 12 Months Ended | ||
|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2021 | |
| Income Statement [Abstract] | |||
| Net sales | $ 2,550.3 | $ 1,836.3 | $ 1,475.6 |
| Cost of sales | 2,213.0 | 1,686.5 | 1,470.4 |
| Cost of sales - inventory write-downs from restructuring | 0.0 | 0.0 | 4.2 |
| Gross profit | 337.3 | 149.8 | 1.0 |
| Selling, general and administrative expenses | 204.2 | 174.7 | 180.2 |
| Restructuring and asset impairment charges | 0.0 | 0.0 | 16.6 |
| Goodwill impairment | 0.0 | 0.0 | 52.8 |
| Operating income (loss) | 133.1 | (24.9) | (248.6) |
| Interest expense, net | 54.1 | 44.9 | 32.7 |
| Debt extinguishment losses, net | 0.0 | 6.0 | 8.2 |
| Other expense (income), net | 6.5 | (12.7) | 8.4 |
| Income (loss) before income taxes | 72.5 | (63.1) | (297.9) |
| Income tax expense (benefit) | 16.1 | (14.0) | (68.3) |
| Net income (loss) | $ 56.4 | $ (49.1) | $ (229.6) |
| EARNINGS (LOSS) PER COMMON SHARE: | |||
| Basic (in dollars per share) | $ 1.15 | $ (1.01) | $ (4.76) |
| Diluted (in dollars per share) | $ 1.14 | $ (1.01) | $ (4.76) |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING: | |||
| Basic (in shares) | 48.8 | 48.5 | 48.3 |
| Diluted (in shares) | 49.2 | 48.5 | 48.3 |
CRS Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2023 | Jun. 30, 2022 |
|---|---|---|
| Current assets: | ||
| Cash and cash equivalents | $ 44.5 | $ 154.2 |
| Accounts receivable, net of allowance for doubtful accounts of $7.4 million and $5.4 million at June 30, 2023 and 2022, respectively | 531.3 | 382.3 |
| Inventories | 639.7 | 496.1 |
| Other current assets | 66.4 | 86.8 |
| Total current assets | 1,281.9 | 1,119.4 |
| Property, plant, equipment and software, net | 1,383.8 | 1,420.8 |
| Goodwill | 241.4 | 241.4 |
| Other intangibles, net | 28.7 | 35.2 |
| Deferred income taxes | 6.6 | 5.7 |
| Other assets | 111.5 | 109.8 |
| Total assets | 3,053.9 | 2,932.3 |
| Current liabilities: | ||
| Accounts payable | 278.1 | 242.1 |
| Accrued liabilities | 181.3 | 133.5 |
| Total current liabilities | 459.4 | 375.6 |
| Long-term debt | 693.0 | 691.8 |
| Accrued pension liabilities | 190.1 | 196.6 |
| Accrued postretirement benefits | 45.8 | 77.4 |
| Deferred income taxes | 170.3 | 162.4 |
| Other liabilities | 99.2 | 98.0 |
| Total liabilities | 1,657.8 | 1,601.8 |
| Contingencies and commitments (see Note 12) | ||
| STOCKHOLDERS' EQUITY | ||
| Common stock — authorized 100,000,000 shares; issued 56,143,131 shares at June 30, 2023, and 56,025,510 shares at June 30, 2022; outstanding 48,635,740 shares at June 30, 2023, and 48,286,439 shares at June 30, 2022 | 280.7 | 280.1 |
| Capital in excess of par value | 328.4 | 320.3 |
| Reinvested earnings | 1,228.0 | 1,211.0 |
| Common stock in treasury (7,507,391 shares and 7,739,071 shares at June 30, 2023 and 2022, respectively), at cost | (298.0) | (307.4) |
| Accumulated other comprehensive loss | (143.0) | (173.5) |
| Total stockholders' equity | 1,396.1 | 1,330.5 |
| Total liabilities and stockholders' equity | $ 3,053.9 | $ 2,932.3 |
Carpenter Technology Corporation manufactures, fabricates, and distributes specialty metals worldwide. It operates through 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 aerospace, defense, medical, transportation, energy, industrial, and consumer markets. The company was founded in 1889 and is headquartered in Philadelphia, Pennsylvania.