Key Developments: Carpenter Technology Corp (CRS.N)

CRS.N on New York Stock Exchange

47.96USD
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Carpenter Technology Corp Enters Into Supply Contract With Rolls-Royce
Friday, 26 Apr 2013 08:30am EDT 

Carpenter Technology Corp announced that it has finalized the completion of a formal supply agreement that will provide Rolls-Royce with advanced technology materials used in the manufacture of jet engine components. The materials will be used on current and future Rolls-Royce engine platforms, in applications including rings, blades, vanes, and airfoils. Demand for the material will be generated by Rolls-Royce in the UK and the US, and its global suppliers. Materials in support of this program will be manufactured at Carpenter`s Reading, PA and Athens, AL specialty steelmaking facilities. The five-year agreement runs through 2017 and is valued at approximately $75M million.  Full Article

Carpenter Technology Corp Lowers FY 2013 EPS Guidance; Reaffirms FY 2013 EBIT Guidance-Conference Call
Friday, 26 Apr 2013 07:22am EDT 

Carpenter Technology Corp announced that for fiscal 2013, it expects earnings to be lower than previously forecasted and the Company is still targeting low double digit growth in operating income, on an adjusted basis versus prior year. The Company reported EBIT of $211.30 million in fiscal 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $3.01 and EBIT of $269.02 million for fiscal 2013.  Full Article

Carpenter Technology Corp Prices Debt Offering
Thursday, 21 Feb 2013 03:53pm EST 

Carpenter Technology Corp announced that it has priced an underwritten public offering of $300 million in aggregate principal amount of its 4.450% senior notes due 2023. Carpenter Technology Corporation expects to use the net proceeds from the issuance of the senior notes to repay in full $100 million in aggregate principal amount of Carpenter Technology Corporation`s 6.625% senior unsecured notes due May 2013, including any interest due thereon. Carpenter Technology Corporation intends to use the remaining net proceeds from the offering for general corporate purposes, which may include pension contributions of up to $165 million, additions to working capital, capital expenditures, repayment of debt, the financing of acquisitions, joint ventures and other business combination opportunities or stock repurchases. J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as joint book-running managers of the offering.  Full Article

Carpenter Technology Corp Comments On FY 2013 Operating Income Guidance; Comments On H2 2013 Guidance
Thursday, 31 Jan 2013 08:00am EST 

Carpenter Technology Corp announced that it currently expect fiscal 2013 operating income improvement of 20% to 30% versus last fiscal year, with strong second half 2013 revenue and earnings.  Full Article

Carpenter Technology Corp Declares Quarterly Cash Dividend
Wednesday, 30 Jan 2013 08:00am EST 

Carpenter Technology Corp announced that it has declared a quarterly cash dividend of $0.18 per share of common stock, payable March 7, 2013, to shareholders of record on February 12, 2013. The ex-dividend date (the date the common stock trades without the dividend) is February 8, 2013.  Full Article

Carpenter Technology Corp And United States Steel Corp Enter into Agreement For Development Of Lighter High-Strength Steel
Wednesday, 30 Jan 2013 07:00am EST 

Carpenter Technology Corp announced that it has finalized the completion of a formal cooperation agreement with United States Steel Corp located in Pittsburgh, Pa., which allows for the development of a new lightweighting steel for automotive applications.  Full Article

Carpenter Technology Corp Issues Q2 2013 Guidance
Tuesday, 15 Jan 2013 05:53pm EST 

Carpenter Technology Corp announced that it expects net sales, excluding surcharge, of $431 million and earnings per diluted share (EPS) to be approximately $0.61 to $0.62 for the second quarter of 2013.  Full Article

Carpenter Technology Corp Names New Chief Financial Officer
Wednesday, 9 Jan 2013 08:30am EST 

Carpenter Technology Corp announced that Tony R. Thene has been selected as the Company's Senior Vice President and Chief Financial Officer, effective January 31. Mr. Thene replaces K. Douglas Ralph, who announced in September that he will leave the company. Mr. Ralph will be involved as needed in an advisory capacity during Mr. Thene's transition.  Full Article

DIARY-U.S. MEETINGS/WEEK AHEAD

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