Carpenter Steel Co. - Specimen Stock Certificate
Inv# SE1951 Stock
Specimen Stock printed by American Bank Note Company. Carpenter Technology Corporation specializes in the development, manufacture, and distribution of stainless steels and corrosion-resistant alloys. In fiscal year 2018, the company's revenue distribution was as follows: aerospace and defense industry (55%), industrial and consumer industry (17%), medical industry (8%), transportation industry (7%), energy industry (7%), and distribution industry (6%). Carpenter's products are utilized in various applications including landing gear, shaft collars, safety wires, electricity generation products, intervertebral disc arthroplasty, and engine valves and weldings.
Founded on June 7, 1889, by James Henry Carpenter and a group of New York City investors in Reading, Pennsylvania, the company was originally known as the Carpenter Steel Company. In November 1896, the United States Secretary of the Navy praised the company's armor-piercing projectiles as "the first made that would pierce improved armor plate." Carpenter's projectiles were credited with contributing to the defeat of the Spanish fleet in the Battle of Manila Bay during the Spanish–American War of 1898. Additionally, Carpenter's "special" steels were used in the engine of the Wright brothers' maiden flight in 1903.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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