Carpenter to Increase Prices on All Stainless Steel Product Forms
September 20 2017 - 8:00AM
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 across all stainless steel product
forms. The increases will be effective with new orders placed after
September 30, 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, 2017, and the
exhibits attached to those filings. They include, but are not
limited to, statements regarding base price increases and
surcharges. 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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