Carpenter Technology to Increase Base Prices on Specialty Alloy Portfolio
05/24/2021 - 04:06 PM
PHILADELPHIA, May 24, 2021 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced today that it will increase base prices six percent (6% ) to nine percent (9% ) on new, non-contract orders across all specialty alloy products. The increases will be effective with new orders placed after May 24, 2021. All applicable surcharges will remain in effect.
About Carpenter Technology Carpenter Technology Corporation is a recognized leader in high-performance specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, transportation, energy, industrial, medical, and consumer electronics markets. Founded in 1889, Carpenter Technology has evolved to become a pioneer in premium specialty alloys, including titanium, nickel, and cobalt, as well as alloys specifically engineered for additive manufacturing (AM) processes and soft magnetics applications. Carpenter Technology has expanded its AM capabilities to provide a complete “end-to-end” solution to accelerate materials innovation and streamline parts production. More information about Carpenter Technology can be found at www.carpentertechnology.com .
Forward-Looking Statements
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management’s current expectations and are subject to risks, uncertainties and other factors that could cause actual results to differ from those projected, anticipated or implied. The most significant of these uncertainties are described in Carpenter's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the year ended June 30, 2020, the quarterly reports on Form 10-Q for the quarters ended September 30, 2020, December 31, 2020 and March 31, 2021 and the exhibits attached to those filings. They include, but are not limited to, statements regarding announced base price increases. Carpenter undertakes no obligation to update or revise any forward-looking statements.
Carpenter Technology Corp.
CRS Rankings
#260 Ranked by Stock Gains
CRS Stock Data
Industry
Iron and Steel Mills and Ferroalloy Manufacturing
Sector
Manufacturing
Tags
Producer Manufacturing, Metal Fabrication, Non-Energy Minerals, Steel, Manufacturing, Iron and Steel Mills and Ferroalloy Manufacturing
Country
US
City
Philadelphia
About CRS
with locations in north america, europe and asia, carpenter technology corporation is a global developer, manufacturer and distributor of a variety of specialty loose powder metallurgy and cast/wrought alloys in long product form. products include titanium alloys, high-strength steels, superior corrosion-resistant alloys, nickel-based alloys and superalloys, magnetic, controlled expansion and electronic alloys, stainless and specialty steels, and tool and die steels. carpenter acquired latrobe specialty metals company, latrobe, pa., in february 2012. our talented team of technical, production and delivery experts provide innovative materials solutions to the ever-changing needs of the automotive, aerospace, power gen, oil & gas, industrial, medical, defense and consumer products industries. iso9001:2008