CarTech posts 15.4% increase in earnings
Apr 25, 2012 | 04:05 PM
| Catherine Ngai
Tags
Carpenter,
Latrobe,
William Wulfsohn,
titanium,
specialty alloy,
earnings,
aerospace,
energy
NEW YORK — Carpenter Technology Corp., which posted higher sales and earnings in its fiscal third quarter, expects continued growth in the aerospace and energy markets to drive long-term demand.
The Wyomissing, Pa.-based company posted net income of $33 million for the three months ended March 31, a 15.4-percent increase from the same period last year, on sales that climbed 16.3 percent to $539.9 million.....
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