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(AMM) Carpenter's business looking up as earnings head down

April 27, 2010 - 20:31 GMT Location: PITTSBURGH

KEYWORDS: Carpenter Technology , Gregory A. Pratt

Although Carpenter Technology Corp. posted lower earnings in its fiscal third quarter, the company continues to gain momentum, reflecting increasing strength in its end markets and initial impacts from growth strategies, according to Gregory A. Pratt, chairman, interim president and chief executive officer.

"As demand improves at a variable recovery pace, we are leaning forward to meet the needs of our customers at this critical point in the cycle," Pratt said in a statement. "Our new premium melt capacity positions us to meet increasing demand as it...

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