Carpenter Technology to Increase Base Prices on Specialty Alloy Portfolio
November 08 2021 - 8:00AM
Carpenter Technology Corporation (NYSE: CRS) announced today that
it will increase base prices by an average of six percent (6%) to
eight percent (8%) on new, non-contract orders across the majority
of its specialty alloy products. The increases will be effective
with new orders placed after November 8, 2021. All applicable
surcharges will remain in effect.
About Carpenter TechnologyCarpenter 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 StatementsThis 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 Technology's filings with
the Securities and Exchange Commission, including its annual
report on Form 10-K for the year ended June 30, 2021, the
quarterly report on Form 10-Q for the quarter ended September
30, 2021 and the exhibits attached to those filings. They
include, but are not limited to, statements regarding announced
base price increases. Carpenter Technology undertakes no obligation
to update or revise any forward-looking statements.
Media
Inquiries: |
Investor
Inquiries: |
Heather Beardsley |
The Plunkett Group |
+1 610-208-2278 |
Brad Edwards |
hbeardsley@cartech.com |
+1 914 582-4187 |
|
brad@theplunkettgroup.com |
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