Carpenter Technology Announces GICS Aerospace & Defense Sector Reclassification
Rhea-AI Summary
Carpenter Technology (NYSE:CRS) announced its reclassification under the Global Industry Classification Standard (GICS) to the Aerospace & Defense sector (code: 20101010), effective September 30, 2025. The change reflects the company's strategic focus and sustained revenue concentration in aerospace and defense markets.
CEO Tony Thene emphasized that this update is expected to enhance visibility with sector-focused investors and support a valuation that better aligns with the company's earnings potential and growth trajectory. Carpenter Technology serves as a critical provider of advanced alloy solutions across commercial aerospace and defense applications.
Positive
- GICS reclassification may increase visibility among aerospace & defense sector investors
- Strategic positioning in high-growth aerospace and defense markets
- Potential for improved valuation metrics
Negative
- None.
News Market Reaction
On the day this news was published, CRS gained 1.10%, reflecting a mild positive market reaction. Our momentum scanner triggered 2 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $136M to the company's valuation, bringing the market cap to $12.54B at that time.
Data tracked by StockTitan Argus on the day of publication.
PHILADELPHIA, Sept. 17, 2025 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) today confirmed that its Global Industry Classification Standard (GICS) designation, as determined by MSCI Inc. and S&P Dow Jones Indices, has been reclassified to 20101010 – Aerospace & Defense, effective September 30, 2025.
“While we remain focused on the execution of our strategy to drive long-term value, we believe this update will enhance our visibility with sector-focused investors and support a valuation that better reflects our earnings power and growth trajectory,” said Tony Thene, President and Chief Executive Officer.
Carpenter Technology is a critical provider of advanced alloy solutions for a broad range of applications across commercial aerospace and defense. The reclassification in GICS designation reflects the company’s strategic position and sustained revenue concentration in the Aerospace and Defense markets.
About Carpenter Technology
Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy materials and process solutions for critical applications in the aerospace and defense, medical, and other markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys including nickel, cobalt, and titanium and material process capabilities that solve our customers' current and future material challenges. More information about Carpenter Technology can be found at https://www.carpentertechnology.com/.
| Investor Inquiries: | Media Inquiries: |
| John Huyette | Heather Beardsley |
| +1 610-208-2061 | +1 610-208-2278 |
| jhuyette@cartech.com | hbeardsley@cartech.com |
FAQ
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