CarTech blames soft market for income dip

Oct 29, 2013 | 01:17 PM | Rey Mashayekhi

Tags  Carpenter Technology, earnings report, aerospace sales, William A. Wulfsohn, Rey Mashayekhi

NEW YORK — Carpenter Technology Corp. reported lower earnings in its fiscal first quarter due to soft market conditions that resulted in a drop in net sales.

The Wyomissing, Pa.-based company posted net income of $34.6 million for the three months ended Sept. 30, down 11.7 percent from $39.2 million in the same period last year, on sales that slid 8.5 percent to $498.6 million.....





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