CarTech upbeat on end-market trends

Apr 24, 2014 | 05:45 PM | Rey Mashayekhi

Tags  Carpenter Technology, steel, specialty alloy, Athens, earnings report, aerospace, William A. Wulfsohn, Rey Mashayekhi

NEW YORK — Carpenter Technology Corp. is banking on improving trends within its key end markets and the continuing ramp-up of its new premium alloy production facility in Athens, Ala., to boost sales volumes and operating margins, the specialty steel producer said in its earnings report April 24.

The Wyomissing, Pa.-based company cited extended lead times and increased demand in its end markets as reasons for optimism in evaluating a fiscal third quarter in which net income dipped 7 percent from the same period a year earlier.....

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