Welcome to our dedicated page for Carpenter Technology news (Ticker: CRS), a resource for investors and traders seeking the latest updates and insights on Carpenter Technology stock.
Carpenter Technology Corporation (CRS) is a global leader in premium specialty alloys and engineered materials for critical applications across aerospace, defense, energy, and medical industries. This dedicated news hub provides investors and industry professionals with comprehensive access to CRS's latest developments.
Track official press releases, financial announcements, and operational updates in one centralized location. Key coverage includes quarterly earnings, advanced material innovations, strategic partnerships, and manufacturing advancements. Our curated feed ensures timely access to CRS's progress in powder metallurgy, alloy development, and global supply chain initiatives.
Bookmark this page for direct access to Carpenter Technology's verified corporate communications, including regulatory filings and leadership updates. For stakeholders monitoring specialty metals markets, this resource offers essential insights into CRS's role in high-performance materials engineering.
Carpenter Technology Corporation (NYSE: CRS) appointed I. Martin Inglis as Chairman of the Board, succeeding Gregory Pratt, who retired after over a decade in the role. Inglis, a board member since 2003, brings extensive experience from his roles as Executive Vice President at Battelle and Group Vice President at Ford Motor Company. Additionally, Charles McLane was named Chair of the Audit/Finance Committee. The leadership transition is expected to enhance strategic execution and operational insight, impacting Carpenter Technology's growth trajectory.
Carpenter Technology Corporation (NYSE: CRS) has declared a quarterly cash dividend of $0.20 per share, payable on September 7, 2021. Shareholders of record by August 31, 2021 will receive this dividend, with an ex-dividend date of August 30, 2021. This announcement reflects the company's commitment to returning value to its shareholders.
Carpenter Technology Corporation (NYSE: CRS) reported a fiscal Q4 net loss of $57.1 million, or $1.18 loss per diluted share, exceeding expectations. Adjusted loss per diluted share was $0.28. Total liquidity reached $582 million, with $287 million in cash. Despite a 3.6% decline in net sales to $421.6 million, the company achieved $43 million in free cash flow, signaling operational stability. CEO Tony R. Thene highlighted strengthening demand in end-use markets and ongoing initiatives to enhance productivity and customer relationships.
Carpenter Technology Corporation (NYSE: CRS) plans to host a conference call on July 29, 2021, at 10:00 a.m. ET to discuss its fourth quarter and full year fiscal 2021 results, which ended on June 30, 2021. The financial results will be released before the market opens on the same day. Investors can participate by calling +1 412-317-9259 or via webcast at ir.carpentertechnology.com.
Carpenter Technology Corporation (NYSE: CRS) announced the appointment of Dr. David Graf as Vice President and Group President of its Specialty Alloys Operations, effective July 1, 2021. Dr. Graf, who has been with Carpenter since 2018 as Chief Technology Officer, has significantly enhanced R&D alignment with commercial objectives, boosting customer-driven investments. His leadership also included oversight of the company’s intellectual property and the establishment of an electrification center at the Reading, PA facility, among other initiatives aimed at innovation and operational efficiency.
Carpenter Technology Corporation (NYSE: CRS) has announced a price increase of 6% to 9% on new, non-contract orders for all specialty alloy products, effective from May 24, 2021. This decision reflects the company's strategy to adjust pricing in response to market conditions. All applicable surcharges will remain in effect. Carpenter Technology is a leader in high-performance specialty alloys used across various sectors, including aerospace and medical industries.
Carpenter Technology Corporation (NYSE: CRS) reported a net loss of $40.5 million for the fiscal third quarter ended March 31, 2021, equating to $0.84 loss per diluted share. Adjusted loss per diluted share was $0.54. Net sales dropped 40% to $351.9 million compared to the prior year, reflecting a 39% decrease in volume. The company has $538.8 million in total liquidity, including $244.2 million in cash. Despite current challenges, the company anticipates improved market conditions throughout 2021 and is focused on strengthening relationships with customers.
Carpenter Technology Corporation (NYSE: CRS) has declared a quarterly cash dividend of $0.20 per share, payable on June 3, 2021, to shareholders of record on May 4, 2021. The ex-dividend date is May 3, 2021. This decision underscores the company's commitment to returning value to its shareholders while maintaining a robust financial position.
Carpenter Technology Corporation (NYSE: CRS) will host a conference call and webcast on April 29, 2021, at 10:00 a.m. ET to discuss its third-quarter fiscal 2021 financial results, ending March 31, 2021. The results will be released before the market opens on the same day. Carpenter Technology is a leader in high-performance specialty alloy-based materials for industries including aerospace, defense, and energy, emphasizing innovation in additive manufacturing.
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