Carpenter Technology (Carpenter Technology) Gross Profit

: $459 Mil (TTM As of Dec. 2023)

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Carpenter Technology's gross profit for the three months ended in Dec. 2023 was $123 Mil. Carpenter Technology's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $459 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Carpenter Technology's gross profit for the three months ended in Dec. 2023 was $123 Mil. Carpenter Technology's Revenue for the three months ended in Dec. 2023 was $624 Mil. Therefore, Carpenter Technology's Gross Margin % for the quarter that ended in Dec. 2023 was 19.64%.

Carpenter Technology had a gross margin of 19.64% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

During the past 13 years, the highest Gross Margin % of Carpenter Technology was 18.69%. The lowest was 0.07%. And the median was 14.70%.

Warning Sign:

Carpenter Technology Corp gross margin has been in long-term decline. The average rate of decline per year is -23.4%.

Carpenter Technology Gross Profit Historical Data

The historical data trend for Carpenter Technology's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Carpenter Technology Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Gross Profit

444.80

329.40

1.00

149.80

337.30

Carpenter Technology Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Take a 7-Day Free Trial															70.00	93.50	119.10	124.10	122.60

Competitive Comparison

For the Metal Fabrication subindustry, Carpenter Technology's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Carpenter Technology Gross Profit Distribution

For the Industrial Products industry and Industrials sector, Carpenter Technology's Gross Profit distribution charts can be found below:

* The bar in red indicates where Carpenter Technology's Gross Profit falls into.

Carpenter Technology Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Carpenter Technology's Gross Profit for the fiscal year that ended in Jun. 2023 is calculated as

Gross Profit (A: Jun. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2550.3	-	2213
	=	337

Carpenter Technology's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	624.2	-	501.6
	=	123

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $459 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Carpenter Technology's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	123	/	624.2
	=	19.64 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Carpenter Technology (NYSE:CRS) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Carpenter Technology had a gross margin of 19.64% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

Carpenter Technology Gross Profit Related Terms

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Carpenter Technology (Carpenter Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Carpenter Technology Corp (NYSE:CRS) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

XTY:Germany

Address

1735 Market Street, 15th Floor, Philadelphia, PA, USA, 19103

Website

https://www.carpentertechnology.com

Carpenter Technology Corp supplies specialty metals to a variety of end markets, including aerospace and defense, industrial machinery and consumer durables, medical, and energy, among others. The company's segment includes Specialty Alloys Operations and Performance Engineered Products. It generates maximum revenue from the Specialty Alloys Operations segment. The SAO segment is comprised of the company's major premium alloy and stainless steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama.

Executives

Mclane Charles Douglas Jr	director	C/O CARPENTER TECHNOLOGY CORPORATION, 1735 MARKET STREET, 15TH FL, PHILADELPHIA PA 19103
Steven E Karol	director	C/O STOCKERYALE INC, 32 HAMPSHIRE RD, SALEM NH 03079
Marshall D Akins	officer: VP & Chief Commercial Officer	CARPENTER TECHNOLOGY CORPORATION, 1735 MARKET STREET, PHILADELPHIA PA 19103
Brian J Malloy	officer: VP - Chief Commercial Officer	C/O CARPENTER TECHNOLOGY CORPORATION, 1735 MARKET STREET, 15TH FL, PHILADELPHIA PA 19103
Pritchett Colleen	director	C/O HEXCEL CORPORATION, 281 TRESSER BLVD., 16TH FLOOR, STAMFORD CT 06901
Elizabeth A Socci	officer: VP, Controller & Chf Acctg Off	C/O CARPENTER TECHNOLOGY CORPORATION, 1735 MARKET STREET, 15TH FL, PHILADELPHIA PA 19103
Kathy Hopinkah Hannan	director	ANNALY CAPITAL MANAGEMENT, INC., 1211 AVE. OF THE AMERICAS, NEW YORK NY 10036
Ramin Younessi	director	510 LAKE COOK ROAD, SUITE 100, DEERFIELD IL 60015
David Graf	officer: VP and Group President - SAO	C/O CARPENTER TECHNOLOGY CORPORATION, 1735 MARKET STREET, PHILADELPHIA PA 19103
Kathleen Ligocki	director	3296 PINE LAKE ROAD, WEST BLOOMFIELD MI 48324
Timothy Lain	officer: VP-Controller, Chf Acctg Ofcr	C/O CARPENTER TECHNOLOGY CORPORATION, PO BOX 14662, READING PA 19612
James D Dee	officer: VP, Gen Counsel & Secretary	TWO PITCAIRN PLACE, SUITE 200, 165 TOWNSHIP LINE ROAD, JENKINTOWN PA 19046
Tony R Thene	officer: Sr VP and CFO	ALCOA INC., 201 ISABELLA STREET, PITTSBURGH PA 15212-5858
Robert R Mcmaster	director	907-B EAST MAIN STREET, HUMBLE TX 77338-4662
Gregory A Pratt	director	7500 GREENWAY CENTER DRIVE, SUITE 1600, 7500 GREENWAY CENTER DRIVE, SUITE 1600, GREENBELT MD 20770