CRS News and Press, Carpenter Technology Corporation From 08/01/19

Fourth Quarter Highlights Reported earnings per share of $1.00 Specialty Alloys Operations (SAO) delivers 16.3% operating margin; 20.4% adjusted operating margin Backlog up 2% sequentially and 41% year-over-year Generated $175 million of cash provided from operating activi...

I’ve commented many times over the years that successful turnarounds, particularly when the company has some meaningful moats, can significantly exceed expectations. That’s certainly been playing out at Materion ( MTRN ), as the company’s restructuring efforts – i...

LE BOURGET, France, June 18, 2019 (GLOBE NEWSWIRE) -- Carpenter Technology (NYSE: CRS) today announced its involvement with multiple OEMs to progress their electric aircraft aspirations.  Carpenter Technology will provide advanced soft magnetic expertise and ultra-efficient electrical com...

Le Bourget, FRANCE, June 17, 2019 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) and Israel Aerospace Industries (IAI) today announced their collaboration to produce additively manufactured components for a serial production commercial aircraft.  This collaboration will ...

LE BOURGET, France, June 17, 2019 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) today announced that it has developed an advanced jet engine gear solution, Pyrowear ® 225 alloy, targeted for high performance and demanding applications. Compared to standard industry ...

LE BOURGET, France, June 14, 2019 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE:CRS) and Belgium-based BMT Aerospace today announced their cooperation in the development of an additively manufactured (AM) aerospace pinion, using Carpenter Technology’s Custom 465 ® Sta...

Despite strong demand growth in end markets like aerospace and oil/gas, specialty alloy producers like Universal Stainless & Alloy Products ( USAP ) have underperformed the S&P 500 by a wide margin. USAP has been particularly weak, with the stock down more than 45% over the past year v...

I’ve had pretty mixed feelings about Carpenter Technology ( CRS ) for some time. In my last write-up on this specialty alloys company, I thought the shares looked undervalued, but I also thought the company really needed to show some improvement in execution before the Street would ...

PHILADELPHIA, May 14, 2019 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced today the formation of its Carpenter Additive business unit. Carpenter Technology has taken meaningful action to build upon its reputation as an established and respected powders metals s...

Carpenter Technology Corp. (CRS) Q3 2019 Earnings Conference Call April 25, 2019 10:00 ET Company Participants Brad Edwards - Investor Relations Tony Thene - President and Chief Executive Officer Tim Lain - Vice President and Chief Financial Officer Conference Call Participant...