CarTech braces for difficult quarter after ‘solid’ results

Jul 30, 2013 | 01:50 PM | Lisa Gordon

Tags  stainless steel, Carpenter Technology, CarTech, William Wulfsohn, earnings report, Lisa Gordon

PITTSBURGH — Carpenter Technology Corp. said it will face headwinds in the coming quarter despite positive signs in the aerospace and defense industries and the North American auto sector.

The Wyomissing, Pa.-based specialty metals and stainless steel producer said build rates in the commercial aerospace sector continue to show strength and demand is growing for materials used for structural applications, while demand from North American automakers has offset a continued weak appetite in Europe for heavy-duty equipment.....

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