Carpenter to Increase Base Prices on Premium Product Portfolio
June 21 2018 - 4:41PM
Carpenter Technology Corporation (NYSE:CRS) announced today that it
will increase base prices three percent (3%) to five percent (5%)
on new non-contract orders across all premium products. The
increases will be effective with new orders placed after June 21,
2018.
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, Form
10-Q for the quarters ended September 30, 2017, December 31, 2017,
and March 31, 2018, 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: |
Investor
Inquiries: |
William
J. Rudolph, Jr. |
The
Plunkett Group |
+1
610-208-3892 |
Brad
Edwards |
wrudolph@cartech.com |
+1
212-739-6740 |
|
brad@theplunkettgroup.com |
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