Carpenter Technology (CRS) Misses Q1 EPS by 32c

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Carpenter Technology Reports First Quarter Fiscal 2017 Results

October 27, 2016 7:34 AM EDT

Continued Execution of the Carpenter Operating Model; Extending Rollout Across Entire Operations

Lower Volumes Influenced by Aerospace Market Transition

Pension Plan Freeze to Yield Net Annual Savings of Approximately $50 Million

Reported Loss Per Share of $0.13; Excluding Special Items, Adjusted Loss Per Share of $0.08

WYOMISSING, Pa., Oct. 27, 2016 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE: CRS) (the Company) today announced financial results for the quarter ended September 30, 2016.  The Company reported a net loss of $6.2 million or $0.13... More