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News Release

Carpenter Declares Quarterly Cash Dividend

WYOMISSING, Pa., Oct. 14, 2015 (GLOBE NEWSWIRE) -- Carpenter Technology Corporation (NYSE:CRS) announced today that its Board of Directors has declared a quarterly cash dividend of $0.18 per share of common stock, payable December 3, 2015, to shareholders of record on October 27, 2015.  The ex-dividend date (the date the common stock trades without the dividend) is October 23, 2015.

Carpenter Technology, based in Wyomissing, PA, produces and distributes specialty alloys, including stainless steels, titanium alloys and superalloys, and various engineered products. Information about Carpenter can be found at www.cartech.com.

Media Inquiries:
William J. Rudolph, Jr.
(610) 208-3892
wrudolph@cartech.com

Investor Inquiries:
Michael A. Hajost
(610) 208-3476
mhajost@cartech.com

Carpenter Technology Corp.

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