Report
Andrew Lane
EUR 100.00 For Business Accounts Only

Carpenter Technology's Solid Profit Growth Should Persist Into Fiscal 2020

As detailed in an April 8 note, Boeing plans to reduce its 737 production rate to 42 aircraft per month from 52, effective mid-April. Although this significant cut would seem to have a significant impact on the associated supply chain, we believe the  impact will be relatively modest. We do not expect this news to reduce the total number of 737s produced over the next decade. Rather, this simply represents a timing disruption, with more deliveries in the future making up for fewer deliveries in ...
Underlying
Carpenter Technology Corporation

Carpenter Technology is a producer and distributor of alloys, including titanium alloys, powder metals, stainless steels, alloy steels, and tool steels as well as drilling tools. The company's alloy-based materials and process solutions are used for applications in the aerospace, defense, transportation, energy, medical, industrial and consumer markets as well as additive manufacturing processes and soft magnetics applications. The company also produces metal powders and parts. The company has two business segments: Specialty Alloys Operations, which consists of the company's alloy and stainless steel manufacturing operations; and Performance Engineered Products, which consists of the company's differentiated operations.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Andrew Lane

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch