Summary: Carpenter Technology Corp. - S&P Global Ratings’ Credit Research

Summary: Carpenter Technology Corp.

Summary: Carpenter Technology Corp. - S&P Global Ratings’ Credit Research
Summary: Carpenter Technology Corp.
Published Dec 04, 2018
10 pages (3303 words) — Published Dec 04, 2018
Price US$ 225.00  |  Buy this Report Now

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Abstract:

The stable outlook reflects our expectation that robust end market demand and ongoing operational efficiency improvements will support Carpenter Technology Corp.'s operating performance over the next 24 months. Over the next two years, we expect EBITDA to grow somewhere between $30 million and $50 million while debt remains relatively flat, which will result in sustained lower debt leverage. We expect adjusted debt to EBITDA to remain well below 3x in fiscal 2019 and 2020 with EBITDA margins of approximately 15%. We could raise our rating on Carpenter if debt to EBITDA approaches 2x and if the company demonstrates the ability to maintain leverage at this level even under more volatile product demand conditions. This could follow from sustained growth in

  
Brief Excerpt:

...Outlook: Stable The stable outlook reflects our expectation that robust end market demand and ongoing operational efficiency improvements will support Carpenter Technology Corp.'s operating performance over the next 24 months. Over the next two years, we expect EBITDA to grow somewhere between $30 million and $50 million while debt remains relatively flat, which will result in sustained lower debt leverage. We expect adjusted debt to EBITDA to remain well below 3x in fiscal 2019 and 2020 with EBITDA margins of approximately 15%....

  
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Summary

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GICS
Aerospace & Defense (20101010)
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Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Carpenter Technology Corp." Dec 04, 2018. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Carpenter-Technology-Corp-2139249>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Carpenter Technology Corp. Dec 04, 2018. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Carpenter-Technology-Corp-2139249>
  
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