Carpenter to Increase Prices on All Specialty Stainless, High Temperature, Electronic, and Premium Alloy Steels
March 16 2017 - 4:30PM
Carpenter Technology Corporation (NYSE:CRS) announced today that it
will increase base prices three percent (3%) to eight percent (8%)
on new non-contract orders of specialty stainless, high
temperature, electronic and premium alloy steels across all product
forms. The increases become effective for orders placed after March
31, 2017.
All applicable surcharges will remain in effect.
About Carpenter Technology
Carpenter Technology Corporation is a leading producer and
distributor of premium specialty alloys, including titanium alloys,
nickel and cobalt based superalloys, stainless steels, alloy steels
and tool steels. Carpenter’s high-performance materials and
advanced process solutions are an integral part of critical
applications used within the aerospace, transportation, medical and
energy markets, among other markets. Building on its history
of innovation, Carpenter’s powder technology capabilities support a
range of next-generation products and manufacturing techniques,
including additive manufacturing and 3D Printing. Information
about Carpenter can be found at www.cartech.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,
2016, and the quarterly reports on Form 10-Q for the quarters
ended September 30, 2016 and December 31, 2016, 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.
Media Inquiries:
William J. Rudolph, Jr.
+1 610-208-3892
wrudolph@cartech.com
Investor Inquiries:
Brainerd Communicators
Brad Edwards
+1 212-986-6667
edwards@braincomm.com
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