CRS News and Press, Carpenter Technology Corporation From 03/22/22

Carpenter Technology (NYSE:CRS) announced that it will increase base prices by an average of 12% to 15% on new, non-contract orders across the majority of its specialty alloy products. The increases will be effective with new orders placed after March 22, 2022. All applicable surcharges ...

Carpenter Technology (NYSE:CRS) has priced an offering of $300.0M aggregate principal amount of 7.625% senior unsecured notes due 2030 in an underwritten public offering. The notes were priced at 100.000% of the principal amount with a yield to maturity of 7.625%. Offering is expected to...

PHILADELPHIA, March 11, 2022 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) announced today that it priced an offering of $300.0 million aggregate principal amount of 7.625% senior unsecured notes due 2030 (the “Notes”) in a...

Carpenter Technology (NYSE:CRS) has launched an underwritten public offering of senior notes; terms are yet to be disclosed. Net proceeds from the offering will be used to repay in full the firm's 4.450% senior notes due 2023. For further details see: Carpenter Technology initiates seni...

Carpenter reported 35% quarter-over-quarter growth in its aerospace revenue backlog, and multiple market participants are expecting significant acceleration in aircraft and engine build-rates in the coming years. Aerospace will generate much of the upside over the next three-to-five y...

USAP reported improving revenue and margins in the fourth quarter, as the aerospace inventory correction cycle is over and companies are looking to increase build rates. USAP generates around 60% of revenue from the aerospace market, the backlog is growing, and management is looking t...

PHILADELPHIA, March 03, 2022 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced its 4500 ton press at its Reading, PA facility is back in service. The Company previously announced the unplanned outage of this press in December 2021...

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With tensions rising between Russia and Ukraine the JPMorgan Chase macro research team screened Tuesday for stocks facing positive and negative impacts from the situation. "Russia-Ukraine tension is a low earnings risk for US corporates, but an Energy price shock amidst an aggressive central ...

PHILADELPHIA, Feb. 21, 2022 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS), a leading producer and distributor of high-performance specialty alloy-based materials and process solutions for critical applications, today announced the following leadership updates. Brian...