Carpenter Technology to Increase Base Prices on Specialty Alloy Portfolio
May 24 2021 - 4:06PM
Carpenter Technology Corporation (NYSE: CRS) announced today that
it will increase base prices six percent (6%) to nine percent (9%)
on new, non-contract orders across all specialty alloy products.
The increases will be effective with new orders placed after May
24, 2021. All applicable surcharges will remain in effect.
About Carpenter Technology Carpenter 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 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, 2020, the
quarterly reports on Form 10-Q for the quarters
ended September 30, 2020, December 31, 2020 and March 31,
2021 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.
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Media Inquiries: |
Investor Inquiries: |
Heather Beardsley |
The Plunkett Group |
+1 610-208-2278 |
Brad Edwards |
hbeardsley@cartech.com |
+1 914 582-4187 |
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brad@theplunkettgroup.com |
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