Carpenter Technology Corporation confirmed that its Global Industry Classification Standard (GICS) designation has been reclassified to 20101010 – Aerospace & Defense. This change, determined by MSCI Inc. and S&P Dow Jones Indices, is effective September 30, 2025.
President and CEO Tony Thene stated that this update is expected to enhance the company's visibility with sector-focused investors. The reclassification aims to support a valuation that more accurately reflects Carpenter Technology's earnings power and growth trajectory.
The new GICS designation highlights Carpenter Technology's strategic position as a critical provider of advanced alloy solutions for a broad range of applications within the commercial aerospace and defense markets, reflecting its sustained revenue concentration in these high-value sectors.
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