Carpenter Technology Corporation

Carpenter Technology Reports Third Quarter Fiscal Year 2023 Results

Retrieved on: 
Thursday, April 27, 2023
Carpenter Technology Corporation, Capital expenditure, Carpentry, GAAP, Capital, Bank

PHILADELPHIA, April 27, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal third quarter ended March 31, 2023. For the quarter, the Company reported net income of $18.6 million, or $0.38 earnings per diluted share.

Key Points: 
  • Earnings per share in the third quarter of fiscal year 2023 was $0.38 compared to loss of $0.16 per share in the prior year quarter.
  • Adjusted free cash flow in the third quarter of fiscal year 2023 was negative $26.0 million, compared to positive $0.4 million in the same quarter last year.
  • Capital expenditures in the third quarter of fiscal year 2023 were $20.5 million, compared to $25.1 million in the same quarter last fiscal year.
  • ET, to discuss the financial results of operations for the third quarter of fiscal year 2023.

Carpenter Technology to Increase Base Prices on Specialty Alloy Portfolio

Retrieved on: 
Tuesday, April 25, 2023
NYSE, Carpenter Technology Corporation, CRS, Clothing, Life insurance

PHILADELPHIA, April 25, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced today that it will increase base prices by an average of seven percent (7%) to twelve percent (12%) on new, non-contract orders across the majority of its premium products.

Key Points: 
  • PHILADELPHIA, April 25, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced today that it will increase base prices by an average of seven percent (7%) to twelve percent (12%) on new, non-contract orders across the majority of its premium products.
  • The increases will be effective with new orders placed after April 25, 2023.
  • All applicable surcharges will remain in effect.

Carpenter Technology Declares Quarterly Cash Dividend

Retrieved on: 
Thursday, April 20, 2023
Carpenter Technology Corporation, NYSE, CRS, Holding company

PHILADELPHIA, April 20, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock, payable June 1, 2023, to shareholders of record on May 2, 2023.

Key Points: 
  • PHILADELPHIA, April 20, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock, payable June 1, 2023, to shareholders of record on May 2, 2023.
  • The ex-dividend date (the date the common stock trades without the dividend) is May 1, 2023.

Carpenter Technology Extends and Amends Credit Facility

Retrieved on: 
Monday, April 17, 2023
Credit agreements in South Africa, Line of credit, Chase Bank, Bank, Bank of America, JPMorgan Chase, Credit, Restatement, NYSE, Carpenter Technology Corporation, CRS, Primary Dealer Credit Facility, Security (finance)

PHILADELPHIA, April 17, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced the successful completion of a $350 million syndicated credit facility (the “Credit Facility”) by amending and restating the Company’s existing Credit Agreement, which had been set to expire on March 31, 2024.

Key Points: 
  • PHILADELPHIA, April 17, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced the successful completion of a $350 million syndicated credit facility (the “Credit Facility”) by amending and restating the Company’s existing Credit Agreement, which had been set to expire on March 31, 2024.
  • The new Credit Facility extends the maturity to April 12, 2028.
  • In addition to increasing the size of the Credit Facility from $300 million to $350 million, there are changes to certain terms of the Credit Facility from the prior agreement, including modifications to the financial covenants.
  • In addition, the Company entered into an Amended and Restated Security Agreement in connection with the Credit Facility that creates a security interest in substantially all of the personal property of the Company for the benefit of the secured parties under the Credit Facility.

Carpenter Technology to Host Investor Day

Retrieved on: 
Thursday, April 13, 2023
Carpenter Technology Corporation, Carpentry, NYSE, CRS

PHILADELPHIA, April 13, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) will host an Investor Day event on Tuesday, May 16, 2023 at 9:00 a.m.

Key Points: 
  • PHILADELPHIA, April 13, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) will host an Investor Day event on Tuesday, May 16, 2023 at 9:00 a.m.
  • The event will highlight Carpenter Technology's strategy, growth opportunities, operations and long-term outlook and be followed by a question-and-answer session.
  • The topics will be presented by Tony Thene, President and Chief Executive Officer, and executives from the leadership team.
  • The live webcast and a replay of the event will be available on the Carpenter Technology’s Investor Relations website.

Carpenter Technology Announces Conference Call and Webcast

Retrieved on: 
Thursday, April 6, 2023
Webcast, Carpenter Technology Corporation, NYSE, CRS, Clothing, Broadcasting

PHILADELPHIA, April 06, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) plans to host a conference call and webcast on Thursday, April 27, 2023 at 10:00 a.m.

Key Points: 
  • PHILADELPHIA, April 06, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) plans to host a conference call and webcast on Thursday, April 27, 2023 at 10:00 a.m.
  • ET to discuss the results of operations for the third quarter of fiscal year 2023, ended March 31, 2023.
  • The call and webcast will follow the release of third quarter fiscal 2023 financial results before the market opens on Thursday, April 27, 2023.

Universal Stainless Names Brian A. Kane as Vice President of Sales and Marketing

Retrieved on: 
Thursday, April 6, 2023
Sales & Marketing Executives International, Maintenance, Growth, Carpenter Technology Corporation, USAP, Marketing, Management, Universal

BRIDGEVILLE, Pa., April 06, 2023 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today announced that Brian A. Kane has been named Vice President of Sales and Marketing for the Company.

Key Points: 
  • BRIDGEVILLE, Pa., April 06, 2023 (GLOBE NEWSWIRE) -- Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) today announced that Brian A. Kane has been named Vice President of Sales and Marketing for the Company.
  • He will continue to report directly to Christopher Zimmer, recently named Executive Vice President and Chief Operating Officer of Universal.
  • Mr. Kane joined Universal in 2008 as Regional Sales Representative with responsibilities for the Midwest region.
  • Mr. Zimmer commented: “We are pleased to promote Brian to the post of Vice President of Sales & Marketing.

Analysts and Executives Converge February 2nd at the 30th Annual Emerald Groundhog Day Investment Forum

Retrieved on: 
Thursday, January 26, 2023
Other Professional Services, Thought Leadership, Finance, Asset Management, Consulting, Banking, Professional Services, Business, Emerald, Tetra, NYSE, CFA, Research, Carpenter Technology Corporation, CRS, Doctor of Philosophy

The presenting companies confirmed to date include: Carpenter Technology Corp. (NYSE: CRS); Freshpet, Inc. (NASDAQ: FRPT); Insmed, Inc. (NASDAQ: INSM); Loop Industries (NASDAQ: LOOP); The Simply Good Foods Company (NASDAQ: SMPL); and Tetra Technologies, Inc. (NYSE: TTI).

Key Points: 
  • The presenting companies confirmed to date include: Carpenter Technology Corp. (NYSE: CRS); Freshpet, Inc. (NASDAQ: FRPT); Insmed, Inc. (NASDAQ: INSM); Loop Industries (NASDAQ: LOOP); The Simply Good Foods Company (NASDAQ: SMPL); and Tetra Technologies, Inc. (NYSE: TTI).
  • The event will wrap-up with the traditional closing session featuring Joel Naroff, PhD of Naroff Economics LLC.
  • The Emerald Asset Management Groundhog Day Investment Forum is being held on Thursday, February 2nd at a new location – The Valley Forge Sheraton – and as a hybrid event, featuring an all-event virtual stream.
  • A full list of presenting companies and presentations by Emerald’s investment professionals, and registration details are available on Emerald’s website at https://www.teamemerald.com/events/ .

Carpenter Technology Reports Second Quarter Fiscal Year 2023 Results

Retrieved on: 
Thursday, January 26, 2023
Capital, Capital expenditure, Carpenter Technology Corporation, GAAP, Carpentry, Bank

PHILADELPHIA, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the “Company”) today announced financial results for the fiscal second quarter ended December 31, 2022. For the quarter, the Company reported net income of $6.2 million, or $0.13 earnings per diluted share.

Key Points: 
  • Earnings per share in the second quarter of fiscal year 2023 was $0.13 compared to loss of $0.61 per share in the prior year quarter.
  • Cash used for operating activities in the second quarter of fiscal year 2023 was $86.4 million compared to $89.2 million in the same quarter last year.
  • Capital expenditures in the second quarter of fiscal year 2023 were $17.5 million, compared to $19.1 million in the same quarter last year.
  • ET, to discuss the financial results of operations for the second quarter of fiscal year 2023.

Carpenter Technology Declares Quarterly Cash Dividend

Retrieved on: 
Thursday, January 19, 2023
Carpenter Technology Corporation, CRS, NYSE, Holding company

PHILADELPHIA , Jan. 19, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock, payable March 2, 2023, to shareholders of record on January 31, 2023.

Key Points: 
  • PHILADELPHIA , Jan. 19, 2023 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) announced that its Board of Directors has declared a quarterly cash dividend of $0.20 per share of common stock, payable March 2, 2023, to shareholders of record on January 31, 2023.
  • The ex-dividend date (the date the common stock trades without the dividend) is January 30, 2023.