Profitable CarTech mulls acquisitions

Jan 31, 2013 | 01:53 PM | Daniel Fitzgerald

Tags  Carpenter Technology, Cartech, earnings, aerospace sales, Latrobe Specialty Metals, William Wulfsohn, Daniel Fitzgerald

NEW YORK — Carpenter Technology Corp., which posted a 39.8-percent jump in earnings in its fiscal second quarter, is looking for acquisition opportunities.

"We are active in looking at opportunities in the (performance engineered products) area. In the ultra-premium area, there are a couple of areas of interest," president and chief executive officer William A. Wulfsohn said during a conference call. "Obviously it takes two to tango, but we have some ideas and we’re working on them."....

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