CRS

MKT CAP $18.2BP/E 35.0DIV YIELD 0.22%FCF YIELD 1.99%REV TTM $3.1B +8.6%NET INCOME $529.8M +40.9%NET DEBT $299.4M52W 244.79 – 619.25SEC XBRL · TTM TO Invalid Date

How CRS rewrote its risk factors

10-K ITEM 1A · FY2025 → FY2026

Text kept

89%

of sentences unchanged

Added

new sentences

Dropped

sentences removed

Length

+113

words, now 4,485

New in FY2026

Over the last few years, we have undertaken capital projects associated with expanding our production capacity and capability, including our current brownfield expansion project in Athens, Alabama.
As of June 30, 2026, there were 450 production employees, at our Latrobe business unit located in Latrobe, Pennsylvania, covered by a collective bargaining agreement which expires on July 31, 2027.
As of June 30, 2026, there were 165 production employees, at our Dynamet business unit located in Washington, Pennsylvania, covered by a collective bargaining agreement which expires on August 31, 2029.
The Company timely filed its latest annual conflict minerals report required by the rules on May 11, 2026.
War (such as the war in Iran, the war in Ukraine, the war between Israel and HAMAS, the war between Israel and Hezbollah and the Houthi attacks on commercial shipping vessels and other naval vessels), civil conflict, terrorism, other geopolitical and diplomatic tensions, natural disasters, climate change and public health issues including domestic or international pandemics, other outbreaks of contagious diseases and other adverse public health developments have caused or could cause damage or disruption to domestic or international commerce by creating economic or political uncertainties.
As of June 30, 2026, if the FIFO method of inventory had been used instead of the LIFO method, our inventories would have been approximately $432.6 million higher.
Security breaches in our IT systems could result in theft, destruction, loss, misappropriation or release of confidential data or intellectual property which could adversely impact our future results.
The use of new and evolving technologies, such as Artificial Intelligence ("AI"), presents risks and challenges that can impact our business.
Unauthorized use or misuse of AI by the Company's employees, vendors or others may result in the disclosure of confidential Company or customer data, reputational harm, privacy law violations, cybersecurity risks, and legal liability.
Additionally, while the use of AI can be beneficial to the Company, AI algorithms are currently known to sometimes produce unexpected results or behave in unpredictable ways that can generate, among other things, irrelevant, nonsensical, inaccurate, harmful, discriminatory or infringing results, which could harm the Company’s business, reputation, or result in legal or regulatory actions.

Gone since FY2025

Over the last few years, we have undertaken capital projects associated with expanding our production capacity and capability.
As of June 30, 2025, there were 179 production employees at our Dynamet business unit located in Washington, Pennsylvania are covered by a collective bargaining agreement which expires on August 31, 2025.
Negotiations with union representatives are currently in process.
As of June 30, 2025, there were 461 production employees at our Latrobe business unit located in Latrobe, Pennsylvania are covered by a collective bargaining agreement which expires on July 31, 2027.
The Company timely filed its latest annual conflict minerals report required by the rules on May 19, 2025.
War (such as the current war in Ukraine, the war between Israel and HAMAS, the war between Israel and Hezbollah and the Houthi attacks on commercial shipping vessels and other naval vessels), civil conflict, terrorism, other geopolitical and diplomatic tensions, natural disasters, climate change and public health issues including domestic or international pandemics, other outbreaks of contagious diseases and other adverse public health developments have caused or could cause damage or disruption to domestic or international commerce by creating economic or political uncertainties.
As of June 30, 2025, if the FIFO method of inventory had been used instead of the LIFO method, our inventories would have been approximately $344.5 million higher.
Security breaches in our IT could result in theft, destruction, loss, misappropriation or release of confidential data or intellectual property which could adversely impact our future results.

Sentence-level comparison of Item 1A in the two most recent 10-Ks (FY2025 ↗, FY2026 ↗). A reworded sentence counts as one dropped and one added, so heavy edits read as low “kept”. Headings and page furniture are stripped; nothing is summarised by a model.

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