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Carpenter Technology Corp CRS

Carpenter Technology Corporation is engaged in the manufacturing, fabrication, and distribution of specialty metals. The Company operates in two segments: Specialty Alloys Operations (SAO) and Performance Engineered Products (PEP). The SAO segment is comprised of alloy and stainless-steel manufacturing operations. This includes operations performed at mills primarily in Reading and Latrobe, Pennsylvania, and surrounding areas as well as South Carolina and Alabama. The PEP segment is comprised of the Company’s differentiated operations. This segment includes the Dynamet titanium business, the Carpenter Additive business and the Latrobe and Mexico distribution businesses. It provides specialty alloy-based materials and process solutions for critical applications in the aerospace, defense, medical, transportation, energy, industrial and consumer markets. The Company operates its own network of service and distribution centers, located in the United States, Canada, Mexico, Europe and Asia.


NYSE:CRS - Post by User

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Post by mart33on Apr 04, 2008 10:44pm
345 Views
Post# 14941415

CARPENTER

CARPENTERis one of those companies that has seen acceleration in earnings. In late January, the steel and iron company delivered a solid fiscal second quarter. Earnings per share of $1.17 topped the consensus estimate by 8% and eclipsed the year-ago total. Noting that it was a record quarter, Anne Stevens, chairman, president and chief executive officer, said, "We continued to experience strong demand from the energy market, which also contributed to the 33% jump in our international sales. Growth in these markets helped offset domestic weakness in our economically sensitive markets, including automotive, consumer, and industrial.
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