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) has successfully completed a $300 million syndicated credit facility, amending its existing Credit Agreement set to expire on March 31, 2022. The new facility extends the maturity to March 31, 2024, enhancing the Company’s financial flexibility. A Security Agreement has been established, securing accounts receivable, inventory, and related assets as collateral. This strategic move aims to support Carpenter Technology's growth in high-performance specialty alloy materials across critical markets, including aerospace and defense.
On February 9, 2021, Carpenter Technology Corporation (NYSE: CRS) announced that Tony Thene, President and CEO, will speak at the Cowen Aerospace/Defense & Industrials Conference on February 10, 2021, at 3:10 PM ET. The event will be available via webcast on the company's investor relations website, with a replay accessible afterward. Carpenter Technology, founded in 1889, specializes in high-performance specialty alloys for various critical applications, including aerospace and medical sectors, and offers comprehensive additive manufacturing solutions.
Carpenter Technology Corporation (NYSE: CRS) reported fiscal Q2 2021 results showing a net loss of $84.9 million, or $1.76 per diluted share. Adjusted loss per diluted share was $0.61. Despite challenges, the company generated $84 million in operating cash flow and $51 million in free cash flow, reflecting strong cash management. Total liquidity reached $665 million, including $271 million in cash. The company secured multiple long-term contracts in Aerospace and Defense, anticipating gradual market recovery in the second half of fiscal 2021.
Carpenter Technology Corporation (NYSE: CRS) has declared a quarterly cash dividend of $0.20 per share, payable on March 4, 2021, to shareholders on record as of February 2, 2021. The ex-dividend date is February 1, 2021. This reflects Carpenter's commitment to returning value to its shareholders while maintaining its leadership in high-performance specialty alloys for diverse markets including aerospace and medical.
Carpenter Technology Corporation (NYSE: CRS) will host a conference call and webcast on January 28, 2021, at 10:00 a.m. ET to discuss its second quarter fiscal 2021 financial results, which ended December 31, 2020. This event will follow the release of the financial results prior to market opening on the same day. Interested participants can join the call at +1 412-317-9259 or access the webcast live at ir.carpentertechnology.com.
Carpenter Technology Corporation (NYSE: CRS) reported financial results for Q1 FY2021, showing a net loss of $47.1 million, or $0.98 per diluted share. Despite this, the company's liquidity remained strong with total liquidity of $613 million, including $219 million in cash. The company generated $88 million in operating cash flow and positive free cash flow of $63 million. Net sales dropped 40% to $353.3 million due to lower demand in the Aerospace and Defense and Medical markets amidst ongoing COVID-19 challenges. The company is focused on cash generation and strengthening customer relationships.
Carpenter Technology Corporation (NYSE: CRS) announces the appointment of Chuck McLane as a Board of Directors member, effective immediately. McLane replaces Robert McMaster, who retired during the 2020 Annual Meeting. With over 40 years of financial leadership, including his tenure as CFO at Alcoa, McLane will contribute to the Audit/Finance Committee and Strategy Committee. His experience is expected to aid the company in navigating financial challenges, particularly those related to the ongoing COVID-19 pandemic.
Carpenter Technology Corporation (NYSE: CRS) has declared a quarterly cash dividend of $0.20 per share, to be paid on December 3, 2020, to shareholders recorded by October 27, 2020. The ex-dividend date is set for October 26, 2020. Carpenter Technology is a leader in specialty alloys and process solutions across various industries, including aerospace, defense, and medical sectors.
Carpenter Technology Corporation (NYSE: CRS) will host a conference call and webcast on October 22, 2020, at 10:00 a.m. ET. The event will discuss the company's first-quarter fiscal 2021 results, which end September 30, 2020. Financial results will be released before the market opens on the same day. Interested parties can participate in the live call by dialing +1 412-317-9259 or by accessing the webcast on the company's investor relations website.
Carpenter Technology Corporation (NYSE: CRS) has announced a quarterly cash dividend of $0.20 per share, payable on September 3, 2020, to shareholders of record on August 25, 2020. The ex-dividend date is set for August 24, 2020. Carpenter Technology is a leader in high-performance specialty alloy-based materials, serving various industries including aerospace and medical. Founded in 1889, the company has pioneered premium specialty alloys and expanded its additive manufacturing capabilities.
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