Weak aero, energy demand hurts Carpenter

Jul 29, 2014 | 06:58 PM | Rey Mashayekhi

Tags  Carpenter Technology, earnings, 2014, fourth quarter, steel, alloy, aerospace, energy transportation

NEW YORK — Carpenter Technology Corp. sees "positive indicators" as it enters its new fiscal year, including extended backlogs, gradually improving aerospace demand and a "fully operational" premium alloy facility in Alabama.

Carpenter noted "continued demand weakness" in key end markets like aerospace and energy, which experienced fiscal fourth-quarter sales declines of 7 percent and 10 percent, respectively, compared with a year earlier.....

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